All Posts Tagged: economy
The March employment report was shockingly bad. Seven hundred and one thousand jobs lost last month – more than 7 times higher than economists’ consensus forecast.Read More ›
For the first time since the Great Recession, people are again using words like “unprecedented” and “uncharted territory” to describe the current economic and financial environment as business shutdowns and layoffs quickly follow the virus’s spread around the world.Read More ›
The coronavirus itself is a serious threat to both U.S. and global economic expansion.
It is both a supply and demand shock to global growth as producers face supply-chain disruptions and service and retail businesses see a sharp drop in consumer demand as more and more people self-isolate to protect themselves from the rapidly spreading infection. But the virus and the global economic shock it is creating are also starting to touch off financial market contagion and volatility, the likes of which we haven’t seen since the global financial crisis of 2007 and 2008.Read More ›
A brief period of global economic and financial market optimism over the past four months is quickly going dormant as the global economic impact of the Novel Coronavirus (COVID-19) comes into greater focus.Read More ›