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Tag Archives: Economy

In the past two weeks, employment growth in the economy has been wiped out since the 2016 elections

More than 6.6 million Americans applied for unemployment benefits last week, the Department of Labor reported Thursday, in addition to the 3.3 million claims the week before. Such numbers have never been seen in US history and reflect the increasing closings and protection orders that have frozen the economy to slow the spread of the deadly corona virus. Job loss …

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Larry Fink says the economy of corona virus will recover

Larry Fink, CEO of the world’s largest asset manager, BlackRock, told shareholders that the economy would recover from the coronavirus pandemic, and if it did, there would be “tremendous opportunities”. “I have never seen anything like it in my 44 years in finance,” said Fink in an annual letter to shareholders, referring to the increasing number of the virus for …

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China is taking steps to heal the virus-stricken economy as infections decrease

WUHAN, China (Reuters) – China stepped up efforts to cure the world’s second largest economy on Monday as health officials reported a further drop in new coronavirus cases, although the country remains cautious about overseas disease carriers and infected people are no symptoms. People wearing face masks ride their scooters and walk on a street after a coronavirus disease (COVID-19) …

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April Bill’s Loom. The economy depends on how many remain unpaid.

Progressive, including Representative Alexandria Ocasio-Cortez from New Yorkhave called for moratoriums on rent and other financial obligations. And even conservatives, despite concerns about government initiatives that are already more expensive than those in the 2008/09 financial crisis, have said that this is a case where it makes sense to grant grants – not just loans – to individuals and businesses. …

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The North American economy is the most resilient to climate change

According to a report by the Economist Intelligence Unit, climate change will shrink the US economy by 1.1% by 2050. This also applies to the entire North American economy, according to the report. Natural disasters such as forest fires and droughts will continue to weigh on the economy in the face of worsening climatic conditions. Nevertheless, it is comparatively good …

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The US economy could not grow at all this quarter

Two closely watched GDP models released by regional Federal Reserve banks on Friday paint a completely different picture from the record highs on the stock market, let alone the recent comments by President Donald Trump. The New York Fed's fourth-quarter GDP now calls for growth of just 0.4%. This is below the model's earlier forecast for growth of 0.7%. The …

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The German economy barely avoids the technical recession

Germany barely avoided a technical recession after recent figures showed that the country's economy grew by 0.1% in the third quarter. German GDP (gross domestic product) was above analysts' expected decline of -0.1%. Every year, the economy grew by 0.5% from July to September, reported the Federal Statistical Office. Second-quarter growth was revised from -0.1% to -0.2%, and two consecutive …

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Trump – not the Fed – is the biggest threat to the US economy

Reserve Bank of India Governor Raghuram Rajan Punit Paranjpe | AFP | Getty Images The former head of the Indian central bank, Raghuram Rajan, warned that the biggest threat to the US economy would come from President Donald Trump's trade policy. In an opinion entitled "Is the economic winter coming?" Rajan, posted on the Project Syndicate website Tuesday, said the …

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