You Searched For "coronavirus forecast" and got 18 results
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2 mins read
Coronavirus panic prompts JPMorgan to slash its forecast for China growth
Coronavirus will cost the Chinese economy nearly a quarter of its growth in the first months of 202…
Gwen Everett
4 mins read
An alarming thermal map of the coronavirus outbreak predicts how the infection could spread
A new map shows how the coronavirus pandemic could be headed to cooler temperatures putting cities …
2 mins read
UBS now sees a deep US recession by July due to the coronavirus pandemic
The firm sees three primary components in the US economy that have been hit by the coronavirus pand…
Carmen Reinicke
2 mins read
Corporate profits will shrink 13% this quarter and kick off an earnings recession, Bank of America warns
The bank's forecast comes just before the start of the 2020 earnings season, which will be kicked o…
Carmen Reinicke
1 min read
The CDC now forecasts 100,000 US coronavirus deaths by June 1
The estimate is based on an analysis of a dozen separate models, all of which predict an increase i…
Charles Davis
2 mins read
Bank of America slashes its S&P 500 target by 16% to the lowest on Wall Street, cites 'deepest post-war recession' on record
The report comes amid a major market rout spurred by the coronavirus pandemic. US stocks sold off s…
Carmen Reinicke
2 mins read
US GDP could slump by as much as 42.8% in the 2nd quarter, Atlanta Fed says
In the last week, a slew of negative reports showed further damage to the US economy from sweeping …
Carmen Reinicke
2 mins read
Oil climbs as US reduces its production forecasts for the next 2 years
President Trump on Tuesday tweeted that rising oil prices are a good sign for the US, making energy…
Carmen Reinicke
2 mins read
Credit Suisse says the US economy will shrink 33.5% next quarter, the biggest drop in history
It shows the stark effect the coronavirus pandemic is having on the US economy. In the financial cr…
Carmen Reinicke
2 mins read
The global economy could post its worst year since the financial crisis as coronavirus weighs on already slowing growth, Bank of America says
Other factors have also spurred the recent slowdown in global growth, Bhave wrote, including the US…
Carmen Reinicke
1 min read
Here's how 5 industry giants are warning coronavirus will harm operations in 2020
The outbreak arrived in time with earnings season, when the majority of publicly traded companies r…
Business Insider
2 mins read
The global economy will recover from COVID-19 faster than expected, but new stimulus is still needed, OECD says
The organization lifted its outlook for global growth to -4.5% from June's -6% estimate, noting the…
Ben Winck
1 min read
These 7 charts reveal how coronavirus could clobber the real-estate industry, with retail and hotel landlords being hit hardest by rising vacancies and falling rent
The report forecasts the effects of a "protracted slump," or a pandemic-prompted recession that wou…
Alex Nicoll
2 mins read
Corporate profit forecasts hit their gloomiest level since 2009 and have more room to fall, Bank of America says
Several firms are nixing guidance entirely, with nearly one-fifth of S&P 500 firms already suspendi…
Ben Winck
2 mins read
One of the world's biggest energy firms cut its 30-year forecast for oil prices by 27% as coronavirus turns the industry on its head
British Petroleum also slashed its valuation by almost $18 billion as it adjusts to the impact of t…
Saloni Sardana
1 min read
China GDP will be 0% this quarter as coronavirus rages, says Wall Street chief economist
"China is really slowing and that's worrying people for sure," Hyman said in an interview on CNBC, …
Gwen Everett
1 min read
COVID-19: Cognizant withdraws 2020 growth forecast amid uncertainty on coronavirus impact
"We acted decisively to limit COVID-19's impact on our business, including rapidly enabling work-f…
PTI
2 mins read
Zoom plunges as much as 17% as the lifting of coronavirus restrictions weighs on its revenue forecast
Zoom's chief financial officer said the lifting of COVID restrictions meant the company's small cus…