French Economy Shrinks Most Since WW II, Central Bank Estimates
The French economy shrank the most since World War II in the first quarter, and the outlook for the rest of the year is souring significantly amid the confinement to Continue Reading
U.S. Is Nowhere Close to Reopening the Economy, Experts Say
How long can we keep this up? It is still very early in the U.S. effort to snuff a lethal pandemic by shutting down much of the economy. But there Continue Reading
Waiting for the Next Historic Number: Global Economy Week Ahead
As the true economic impact of the coronavirus pandemic becomes clear, economists seeing unprecedented data releases on an almost daily basis are gearing up for even worse to come. In Continue Reading
World Economy Outlook: Risk From Global Disinflation
The sinking global economy is suffering through a colossal disinflationary shock that could briefly push it into dangerous deflation territory for the first time in decades. With many national economies all Continue Reading
State Shutdowns Have Taken at Least a Quarter of U.S. Economy Offline
At least one-quarter of the U.S. economy has suddenly gone idle amid the coronavirus pandemic, an analysis conducted for The Wall Street Journal shows, an unprecedented shutdown of commerce that Continue Reading
Global economy set for sharpest reversal since Great Depression
The coronavirus pandemic and lockdowns imposed by governments on both sides of the Atlantic have pushed the global economy into the sharpest downturn since the Great Depression, data released on Friday Continue Reading
A bleak US jobs report likely portends even deeper losses
A grim snapshot of the U.S. job market’s sudden collapse emerged Friday with a report that employers shed hundreds of thousands of jobs last month because of the viral outbreak Continue Reading
US Jobs Report Mar. 2020: Payrolls Fall 701,000 on Coronavirus
U.S. employment plummeted last month by a degree not seen since the last recession, in just an early glimpse of the devastation from the coronavirus pandemic. Payrolls fell 701,000 from the Continue Reading
Has Russia Reached Its Limit In The Oil Price War?
When Vladimir Putin was given a dire forecast of the economy under the cloud of a crippling coronavirus pandemic and a sharp fall in global demand for petroleum, the Russian Continue Reading
Euro zone business activity collapses in March as coronavirus spreads: PMI
Euro zone business activity collapsed last month as attempts to contain the coronavirus pandemic pushed governments across the continent to shut down vast swathes of their economies, from shops to Continue Reading