Economy Archive

This may be the post-pandemic economy’s most closely watched indicator

Add economic data to the list of things that won’t ever be the same after the coronavirus pandemic. An unprecedented “sudden stop” by the global economy in the first quarter as activity ground to a near halt amid lockdowns put in place to control

Live US Economy and Stock Market Updates: Trading Lifts Wall St. Banks

Here’s what you need to know: David Solomon, the chief executive of Goldman Sachs, which reported earnings of $3l62 billion in the third quarter.Credit…Jeenah Moon for The New York Times Goldman Sachs had a significantly more profitable quarter than expected, lifted by continued strength

Watching Friday’s jobs data for the dreaded K-shaped recovery

“We’re all in this together” has a friendly reassuring tone. Used by Prime Minister Justin Trudeau, Ontario Premier Doug Ford and many others, it reminds Canadians that in the time of COVID-19 everyone is suffering. But a new letter in the alphabet of recovery

Covid-hit Merseyside economy ‘may collapse without funding’ | Coronavi…

The Merseyside economy may collapse and leave a legacy of poverty “for generations to come” without urgent financial support tied to new coronavirus restrictions, according to the region’s political leaders. Steve Rotheram, the metro mayor of the Liverpool city region, and six civic leaders,

Stocks mixed amid Fed warnings on the economy

Stocks were mixed amid warnings from Federal Reserve officials on the need for more stimulus to lift the economy from a coronavirus-induced recession. Fed Vice Chairman Richard Clarida reiterated that U.S. central bankers think “additional fiscal support will likely be needed” to support the

Coronavirus: Hit to global economy ‘will be less than expected’ in 202…

Image copyright NOAH SEELAM The damage to the global economy this year will be less than previously expected, but still “unprecedented”, a leading international body says. The Organisation for Economic Cooperation and Development now predicts a decline of 4.5% in 2020, versus the 6%

Banks catalysts of economic revival: Sitharaman – CNBCTV18

Banks catalysts of economic revival: Sitharaman  CNBCTV18 Source link Google News

U.S. Debt Is Set to Exceed Size of the Economy for Year, a First Since…

WASHINGTON—U.S. government debt is on track to exceed the size of the economy for the 12 months ended Sept. 30, a milestone not hit since World War II that has been brought into reach by a giant fiscal response to the coronavirus pandemic. The

Coronavirus: Executive faces ‘difficult economic decisions’

Image copyright PA Media Image caption Stormont’s Department for the Economy is warning previous jobless estimates are ‘conservative’ The NI Executive has “difficult decisions” to take in the coming weeks regarding economic recovery from Covid-19, a senior civil servant has said. Some financial support

Eliminating the concept of waste from the economy

Can pollution and climate change be addressed and solved as if they were design problems? For architect William McDonough, the answer is a straightforward “yes.” But the solution involves getting rid of the idea of waste as an end product in our society and