Credit rating agency Fitch Ratings has updated its global economic forecast and now expects the coronavirus pandemic to cause a global recession this year as economic activity tumbles by nearly 2%.
With a recession all but certain in the coming economic reports, it's hard to get excited about some of the economic reports that would have included data ahead of the mass layoffs and furloughs.
U.S. consumer confidence continues to decline, but the slide has slowed. On Sunday, the FDA and the Department of Health and Human Services okayed two drugs for use in the fight against COVID-19.
Consumer sentiment in March declined by nearly 12% compared with February, the fourth-largest drop in nearly 50 years in the index maintained by the University of Michigan.
Consumer confidence fell again overnight, but the steepness of the drop has tapered off.
It was no secret that the number of jobless claims was going to be bad as the COVID-19 delivered an instant recession to the global economy.
The interest rate climate was supposed to be stable for 2020. That all ended in an instant recession brought on by the coronavirus outbreak and after the situation was magnified after an oil share…
Congressional negotiators have struck a deal with the Trump administration on a $2 trillion stimulus package to offset some of the impacts of the coronavirus pandemic. Investors are finding winners and losers among America's…
Consumer sentiment dropped again in Morning Consult's daily reading published Tuesday morning. Negotiations between the U.S. House and Senate could lead to agreement on a massive stimulus program by the end of the day.
The recession is here, and it looks worse with each new forecast. Now, Standard & Poor's has issued a new update on the coronavirus impact on the global economy.
The most recent data from research firm Morning Consult show that U.S. consumer confidence fell by more than 5% over the weekend.
This dramatic impairment of economic activity in the United States and around the world will make for some very ugly economic numbers.
Due to the spread of coronavirus, some current federal tax receipts of about $4 trillion a year will be pushed out a year from 2020 due to rescue plans.
America’s gross domestic product (GDP) was $21.4 billion last year. If it resets down between 12% and 13% this year, the figure will go back to the $18.7 level of 2016. Of course, GDP…
U.S. consumer confidence has again sunk to its lowest level ever, especially among high-income consumers who are responsible for most discretionary spending.
