Economy Archive

Fed’s Clarida says economy could reach pre-pandemic levels by end of 2…

FILE PHOTO: Federal Reserve Vice Chairman Richard Clarida, greets a member of the Dallas Fed staff before boarding a bus to tour South Dallas as part of a community outreach by U.S. central bankers, in Dallas, Texas, U.S., February 25, 2019. REUTERS/Ann Saphir NEW

How Can We Successfully Embed Economic Resilience in Emergency Respons…

FROM: PAULO RODRIGUES, BRUNO HUSQUINET, ZENEBE B. URAGUCHI – 28. JULY 2020 Responses to crises need to consider rapid humanitarian programming while, simultaneously, think through the long-term implications on the local market systems. It’s simplistic to consider humanitarian responses as short-term exercises isolated from

Government to reveal impact of coronavirus on economy after extending …

Australia will record the largest budget deficit in modern history, after the coronavirus pandemic triggered an unparalleled spending blitz, the Federal Government is expected to announce tomorrow. Key points: Treasurer Josh Frydenberg will announce the largest budget deficit since WWII Coronavirus spending measures have

Afghanistan faces ‘grim’ economic outlook as pandemic wipes out growth…

KABUL (Reuters) – The coronavirus pandemic is expected to severely weaken Afghanistan’s economy, the World Bank said on Wednesday, as donor governments struggle themselves and uncertainty over peace talks curb private investment. The World Bank said it was forecasting gross domestic product to contract

Coronavirus: Key points of government plan to revive economy | Busines…

Chancellor Rishi Sunak has announced a “plan for jobs” to stimulate Britain’s battered economy. Here are the key points: EATING OUT DISCOUNT In August, everyone in the country will be given an “eat out to help out” discount – 50% off at participating restaurants,

Minneapolis undercuts the idea that economic prosperity leads to racia…

But the prosperity fueled by the region’s Fortune 500 companies and progressive policies has not translated into economic equality. Instead, the wealth gap between Minneapolis’s largely white population and the city’s black residents has deepened, producing some of the nation’s widest racial disparities in

Can the German economy pull Europe out of the coronavirus crisis?

When the coronavirus pandemic hit, Bauer Group, an industrial compressor-maker based in Munich, tore up its business plan and wrote a new one. With its big clients in the automotive industry laid low, it pivoted to other, more crisis-resistant customers in research institutes and

A Four-Point Plan for Fixing the Economy

Want this in your inbox each morning? Sign up here. The long road back In many ways, the economic recovery from the coronavirus has defied the worst-case scenarios. Jobs, spending and markets have bounced back more quickly than expected, although they largely remain below

Wall Street Retreats After Monday’s Rally: Live Updates

Wall Street retreats a day after S&P 500 returned to break-even for the year. Stocks fell on Tuesday, pulling back after a string of gains that had lifted Wall Street by 6 percent this month. The S&P 500 was down about half a percent

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