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Hong Kong crashes into recession as protests hit economy
Hong Kong’s economy contracted sharply in the third quarter as it entered a recession, exceeding economists’ worst estimates of the damage from nearly five months of protests......»»
Market Extra: Here’s why Europe’s biggest economy is in danger of entering a ‘technical’ recession
A weak reading on industrial production raises the possibility that Germany, Europe’s largest economy, may have entered a “technical†recession in the second quarter. Will it lead to a full-blown downturn?.....»»
Market Extra: Is Germany already in a ‘technical’ recession? These economists think so
Another weak reading on industrial production raises the possibility that Germany, Europe’s largest economy, entered a “technical†recession in the second quarter. Will it lead to a full-blown downturn?.....»»
Earnings-growth expectations are at their highest in nearly 20 years after downward revisions were "too aggressive"
Wall Street is setting its sights on the largest increase in quarterly earnings estimates in years as the US economy recovers from a recession. First-quarter earnings projections for t.....»»
Biden"s Treasury pick Janet Yellen urges Congress that now is the time to "act big" on a stimulus package - and warns of a more painful recession without it
"Without further action, we risk a longer, more painful recession now - and long-term scarring of the economy later," Yellen will tel.....»»
Germany in recession as economy shrinks 2.2% in 1st quarter
Europe's biggest economy went into recession following a small dip at the end of last year.....»»
Germany Dumps Into Recession As GDP Drops 2.2%
Germany’s Federal Statistical Office (Destatis) announced that first-quarter GDP dropped 2.2% as its economy plunged into recession. Notably, COVID-19 could only have affected the latter part........»»
German GDP shrinks 2.2% in first quarter as eurozone"s top economy enters recession
The German economy contracted by 2.2% in the first quarter, the worst period in 11 years, the Fede.....»»
Fed Chair Warns of Sustained Recession Threat and Urges Lawmakers to Act Further
“Deeper and longer recessions can leave behind lasting damage to the productive capacity of the economy,â.....»»
Fed Chair Powell warns of prolonged U.S. recession after coronavirus
Jerome Powell, chairman of the Federal Reserve board of governors, warned Wednesday that the long-term health of the U.S. economy may depend on more fiscal stimulus to fight the economic impacts of the coronavirus......»»
Bank of England warns the UK economy could contract by 30% in the first half as coronavirus hammers activity
Tolga Akmen/Pool via REUTERS The UK economy could shrink by 30% in the first half of the year and suffer its worst recession on record, the Bank of England warned on Thurs.....»»
Coronavirus savages U.S. economy in first quarter; bigger hit still to come
The U.S. economy contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to slow the spread of the novel coronavirus almost shut down the country, ending the longest expansion in the nation's history......»»
U.S. economy shrank 4.8 percent in first quarter, biggest decline since the Great Recession
The worst is yet to come, many analysts say. The second quarter is likely to show a decline of 30 percent -- or more......»»
Coronavirus savages U.S. economy in first quarter; worse still to come
The U.S. economy contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to slow the spread of the novel coronavirus almost shut down the country, ending the longest expansion in the nation's history......»»
U.S. economy, in clear sign of recession, shrinks 4.8% in first quarter due to coronavirus
GDP drop likely marks end of record economic expansion. GDP drop likely marks end of record economic expansion......»»
Coronavirus hammered U.S. economy in first quarter
The U.S. economy contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to slow the spread of the novel coronavirus almost shut down the country, ending the longest expansion in the nation's history......»»
U.S. economy shrank 4.8 percent in first quarter, the biggest decline since the Great Recession
The worst is yet to come, many analysts say. The second quarter is likely to show a decline of 30 percent -- or more......»»
Coronavirus likely hammered U.S. economy in first quarter
The U.S. economy likely contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to slow the spread of the novel coronavirus almost shut down the country, ending the longest expansion in the nation's history......»»
Cantor Fitzgerald Slashes Jobs, Prepares To Cut More Amid Economic Downturn
Cantor Fitzgerald Slashes Jobs, Prepares To Cut More Amid Economic Downturn Even before the virus pandemic crashed the global economy into recession, if not depression, for the second quarter, the investmen.....»»
A measure of CFO optimism plummeted to Great Recession-era lows last quarter as the coronavirus pandemic froze the economy
OHANNES EISELE/AFP/Getty Images The CFO Optimism Index fell to 42 in the second half of March from 58, according to the quarterly study from Duke University and CFO magazine released Wednesday. The swift slump matches sentiment lows seen duri.....»»