#Recession#
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The COVID-19 recession is a major ongoing global economic crisis which has caused both a recession in some nations, and in others a depression. It is currently the worst global economic crisis since the Great Depression. The economic crisis began due to the economic consequences of the ongoing COVID-19 pandemic.
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🚨Stock Market Today: S&P 500 jumps as softer jobs data cool recession fears 📉
On Thursday, the S&P 500 ended higher with the Dow Jones rising by 683 points (1.8%), the S&P 500 climbing 2.3%, and the NASDAQ Composite gaining 2.9%. This was driven by better-than-expected jobless claims data, which came in at 233,000, below the forecast of 241,000. Richmond Fed President
🚨Fed's Dudley now calling for Fed rate cut next week amid recession concerns 📉
Former New York Federal Reserve President Bill Dudley has called for the Fed to cut rates as soon as next week due to rising recession concerns. This marks a shift from his previous stance advocating for higher rates. Dudley argues that the economic landscape has changed, with efforts to cool the ec
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BREAKING: Eurozone Economy on Track for Double-Dip Recession amid Coronavirus – Reuters poll
Amid the second wave of the coronavirus tightening its grip, the Eurozone economy is expected to its first double-dip recession in nearly a decade, the latest Reuters poll of economists showed on Tuesday.
Key findings
“The eurozone economy to shrink 2.5% this quarter after expanding a record 12.6% i
