You Searched For "covid 19 recession" and got 20 results
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4 mins read
World Bank President says COVID-19 pandemic is causing the one of the deepest recessions since Great Depression
He told reporters that given the extent of the economic contraction, there was a rising risk of dis…
PTI
2 mins read
Be ready for stocks to stumble and recession to strike, Bridgewater's co-chief investor says
Don't be surprised if economic growth slows and inflation lingers, causing stocks to drop and a rec…
Theron Mohamed
2 mins read
JPMorgan CEO Jamie Dimon says 'normal effects of recession' will be delayed until late this year or early next
Jamie Dimon is the only person who has led a major bank through both the current pandemic recession…
Carmen Reinicke
2 mins read
US GDP plunged by a record 33% annual rate in the 2nd quarter as coronavirus lockdowns raged
US output and consumption took major hits in the second quarter as stay-at-home orders froze the ec…
Carmen Reinicke
4 mins read
An economist says a lack of information about COVID-19 drove the world into a deep economic crisis — here's how we can fix it
"I am confident that there will be a point where we will collectively believe COVID-19 has been con…
Joshua Gans
2 mins read
US consumer confidence unexpectedly falls to lowest since August as COVID-19 restrictions escalate
"Consumers do not foresee the economy gaining any significant momentum in early 2021," the Conferen…
Ben Winck
1 min read
A billionaire investor who predicted the '08 crisis and the post-COVID inflation spike sees 'significant' recession risk and a prolonged period of low asset returns
The US economy is in an "extraordinarily dangerous and confusing" time, which will result in "a len…
Morgan Chittum
3 mins read
Two in three CEOs in India expect a recession in 12 months says survey
Two in three Indian CEOs are expecting a recession in the next 12 months, according to a new report…
2 mins read
China's weakening economy might be the key to pushing inflation down in the US without a recession
China's "rapidly aging demographic profile is also weighing on consumer spending as China is becomi…
Matthew Fox
2 mins read
One measure of unemployment suggests Biden's $1.9 trillion stimulus plan could do more harm than good, says one top Wall Street strategist
The labor market has recovered far faster than in past recessions when measuring unemployment with …
Ben Winck
3 mins read
US GDP grew a weaker-than-expected 4% in the 4th quarter as COVID-19 cases soared
Despite back-to-back quarters of relatively strong growth, US economic output still sits just below…
Ben Winck
3 mins read
The 'Great Regret' isn't just for job switchers. Some of the smartest companies in the world realized they hired too many people.
Companies saw booming growth, and hired accordingly. Now, the market is slowing — and workers are p…
Juliana Kaplan,Áine Cain
2 mins read
US stocks fall as weakening data suggests recession coming for the economy
"A recession is all but certain, so the more important question is if markets will hit new lows as …
Matthew Fox
3 mins read
Gold prices hit life-time high amid looming recession & hope that Fed will slow its rate hikes
Gold is always seen not just as a good hedge against inflation but also a safe haven against numero…
10 mins read
How the pandemic upended the US job market in 2020, leaving permanent scars in its wake
Just over half of the 22 million US jobs lost during the pandemic have been regained, but lasting s…
Ben Winck,Juliana Kaplan
1 min read
Third of global economy will be in recession this year, says IMF
International Monetary Fund (IMF) chief Kristalina Georgieva has warned that a third of the global …
5 mins read
The US economic recovery still faces these 5 hurdles going forward, even with the worst of the coronavirus recession likely passed
"The path forward for the economy is extraordinarily uncertain," said Federal Reserve Chairman Jero…
Carmen Reinicke
2 mins read
The economic consequences for students during the pandemic 'could be far greater than those of the Great Recession'
Black and Hispanic students were disproportionately impacted by "learning loss," during the pandemi…
Kelsey Neubauer
3 mins read
States that reopened the earliest from pandemic-driven shutdowns saw no economic gains, study shows
States that reopened early actually saw their economies worsen in some instances, according to the …
Carmen Reinicke
1 min read
Indonesia in recession for first time in 22 years
A fall of 5.32 per cent in the second quarter of 2020 has pushed Indonesia into a recession. …