Economy Archive

The Finance 202: Millions of Americans are poised to exhaust coronavir…

with Brent D. Griffiths It might be hard to imagine how things could get worse. Here’s one way: The massive federal spending to prop up a pandemic-ravaged economy is starting to run out. If Congress doesn’t agree on how to replace it in the

‘Stringent lockdown’: Fitch projects Indian economy to contract 5% in …

Fitch Ratings on Tuesday forecast a 5 per cent contraction of Indian economy in the current fiscal, on account of slump in economic activities and very stringent lockdown policy. This is substantially lower than 0.8 per cent growth for 2020-21 fiscal projected in April.

Facing Adulthood With an Economic Disaster’s Lasting Scars

Matthew Henderson couldn’t be entering the job market at a worse time. As a senior at Loyola University, he spent the spring semester interning as a trade policy analyst at the British Consulate in Chicago. But his chances of turning that opportunity into a

Global economic outlook still worsening, says IMF

The global economic outlook has darkened further since the IMF forecast last month that it would suffer the worst blow since the 1930s as a result of the coronavirus crisis, according to its managing director Kristalina Georgieva. The fund will next month publish downward

Economic reboot must account for second wave of coronavirus cases

Gov. Andrew Cuomo speaks during a news conference. | AP Photo ALBANY, N.Y. — New York Gov. Andrew Cuomo on Friday predicted a second wave of coronavirus cases, arguing in a TV interview that he and other U.S. leaders must prepare for a resurgence as

Beyond economic data | The Star Online

Within the space of one week, four out of five members in a family lost their jobs. They have been paid their salaries for March but were told that there is no certainty of any salaries or jobs for April. This is a tragedy

‘It’s a very difficult trade-off.’ How can you choose between saving t…

How do you strike a balance between the country’s economic life and actual human life? Is putting America back to work sooner rather than later a Sisyphean task, the equivalent of rolling a rock perpetually uphill while up to 2 million people, in a

Coronavirus Hits Already Frail U.S. Farm Economy

The new coronavirus is dealing another blow to the struggling U.S. agricultural sector, driving down crop and livestock prices and threatening labor shortages for farms. Even as consumers clear food staples from supermarket shelves, Midwestern farmers’ prospects have dimmed. Agricultural futures on the Chicago

Bernie Sanders, Despite Losses, Sticks to Vision for Economy

Bernie Sanders concedes he is currently losing the battle for the Democratic presidential nomination. But the Vermont senator is staying in the fight to try to win a bigger war: his lifelong crusade to push the party’s economic agenda further to the left. The

Muhyiddin faces huge economic challenges

The economy is slowing. Businesses are suffering. Foreign capital is fleeing. The stock market is reeling, and the ringgit is weakening. Living cost is rising. Wealth is shrinking; and business, investor and consumer confidence is slipping. Public anxieties are growing, as the novel coronavirus