The impact of the global coronavirus pandemic is expected to see the U.S. economy shrink 17.7% in the second quarter of 2020 and lead to a surge in unemployment, according to economists at independent research house TS Lombard.
March 31,2020
CLS has reported a surge in activity in global foreign exchange markets in February 2020, a development that appears linked to the increase in market turmoil triggered by the global spread of the coronavirus pandemic.
March 26,2020
The UK economy suffered a sharp decline in activity in March, according to the first tangible set of economic data covering the advent of the coronavirus crisis.
March 31,2020
The Eurozone economy has slipped into a deep contraction according to PMI data for March, which shows efforts to curb the spread of the coronavirus has had a particularly detrimental impact on the bloc's services sector.
March 24,2020
The UK government has for the first time in history it will step in and help pay people’s wages as a result of the economic slump caused by the coronavirus outbreak, and there is no limit on the amount that will be spent to cover the bill.
March 20,2020
The UK Treasury has arranged £330BN worth of guaranteed loans to be made available to UK businesses in order to cope with the coronavirus crunch, which is equivalent of 15% of UK GDP.
March 17,2020
The U.S. economy faces a historic crunch that's already close to exhausting the Federal Reserve's (Fed) arsenal and which could yet necessitate the most significant shake-up of the crisis-fighting toolbox in modern times.
March 17,2020
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