The virus drives the economy: Morning Brief

The virus drives the economy: Morning Brief

Thursday, June 25, 2020 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET.  Subscribe There can’t be an economic recovery without a public health recovery Stocks sold off sharply on Wednesday as all three major averages fell more than 2%. Rising case counts and hospitalizations in Texas, […]
IMF expects global economy to contract by a record 4.9% in 2020

IMF expects global economy to contract by a record 4.9% in 2020

The International Monetary Fund further downgraded expectations for the global economy in 2020 and 2021, projecting negative growth for all regions of the world for the first time in the history of its forecasts. The IMF on Wednesday released an update of its World...
The US economy is officially in recession

The US economy is officially in recession

The National Bureau of Economic Research said Monday that the COVID-19 crisis has officially launched the U.S. economy into a recession, thus ending the longest economic expansion on record. The NBER’s business cycle dating committee calls recessions based on broad...