Home Tags Recession

Tag: Recession

Economists forecast a record 3.5 million more people filed for unemployment last week amid the coronavirus shutdown

The bleakest prediction among those surveyed by Bloomberg was 6.5 million claims, about double the record 3.3 million in last week's report.
The Reflecting Pool which has been drained for maintenance is seen in front of the Washington Monument in Washington, DC on March 26, 2020.

Goldman Sachs slashes forecasts for next quarter, now sees 34% GDP contraction and 15% unemployment

"Sky-high jobless claims numbers" and the $2 trillion stimulus bill contributed to Goldman's forecast of "a deeper trough" and "a bigger rebound."

‘Could have been worse’: Consumer confidence fell less than expected in March amid the coronavirus pandemic — but experts warn the p...

COVID-19 and "extreme volatility in the financial markets have increased uncertainty about the outlook for the economy," said Lynn Franco.

Paul Krugman: The US economy is in a ‘medically induced coma’ and needs massive fiscal aid to weather the coronavirus

"When you consider how much of the economy is being shut down ... $2 trillion isn't nearly enough."
Kelly Roach.

5 steps you can take today to prepare your business for a recession — and come out stronger than the rest

Kelly Roach, the CEO of Unstoppable Entrepreneur, says you can use the recession to strengthen your business — if you prepare the right way.
People gather at the entrance for the New York State Department of Labor offices on March 20, which closed to the public due to the coronavirus outbreak in the Brooklyn borough of New York City.

The coronavirus outbreak has already triggered mass layoffs and furloughs. From General Electric to Macy’s, here are 14 major companies that hav...

Unemployment claims have hit an all-time high in the US, with 3.3 million people filing in one week. GE and Marriott contributed to that number.
Photo taken on March 24, 2020 shows the New York Stock Exchange and George Washington statue on the Wall Street in New York, the United States.

JPMORGAN: The riskiest areas of the market have bottomed out for this recession — and now is the time for traders to start buying again

Markets typically bottom before recessions end, and enough criteria have been met for assets to surge in the second quarter, JPMorgan said.

The recession alphabet: How analysts are using letters to project the economy’s recovery from coronavirus

A V-, U-, or W-shaped recovery brings activity back to past highs, while an L- or I-shaped drop characterizes a prolonged economic recession.
Nouriel Roubini, an economics professor, speaks at a panel discussion at the SALT conference in Las Vegas May 14, 2014.

The ‘Dr.Doom’ economist lays out 3 reasons why the coronavirus-induced US recession could become a ‘Greater Depression’

"What's happening in the United States is totally crazy," economist Nouriel Roubini, nicknamed "Dr. Doom," said.
EU Commissioner Georgieva holds a news conference in Brussels

IMF chief says the global economy is already stuck in a coronavirus-fueled recession — and only a coordinated worldwide effort will save it

Countries should use their entire policy arsenal to combat the virus, Kristalina Georgieva, chairwoman of the International Monetary Fund, said.