Search results for ‘US economy’
3,223 items found
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FactCheck: has coronavirus destroyed more jobs than the Great Recession?
What we know so far about the effects of the crisis on unemployment.
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4m
Outcome of coronavirus ‘likely to be worse than Great Depression of 1930s’ – economist Paul Romer
So, how will the world’s economy manage to bounce back from this? How will the world find a balance between re-invigorating economies in freefall and the health emergency? Joining me now from Connecticut is Nobel laureate for economics Paul Romer who’s also the former Chief Economist of the World Bank.
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‘It is now very likely that the UK economy is facing a significant recession’ – Chancellor Rishi Sunak
Prepare for a recession, that seems the inevitable conclusion after official figures showed output falling at the fastest rate since the depths of the financial crisis more than a decade ago.
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2m
US unemployment claims hit 33 million
33 million Americans have now lost their jobs since the pandemic began
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2m
Trump says US virus taskforce to continue
President Trump has announced that his White House coronavirus task force will “continue on indefinitely” – after suggesting yesterday that it would be wound down.
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3m
‘Coronavirus doesn’t respond to Republicans’ spin and political agenda’ – Sarah Churchwell
The pandemic – the havoc wrought on society and the economy – and President Trump’s combative style – have both brought America’s partisan divisions to the fore.
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2m
US unemployment passes 30 million since coronavirus crisis started
In the US, more than 30 million people have been made jobless since the start of the coronavirus pandemic.
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7m
BA and John Lewis hit by virus shutdown
Two big business announcements this afternoon show the heavy toll the coronavirus crisis is having on the economy.
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23m
Boris Johnson returns to work – and compensation announced for NHS coronavirus deaths
Boris Johnson was back at work today. The burning question in his in-tray – when will it be safe to allow the rest of the country to follow him?
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US unemployment claims top 20 million since virus shutdown
More than 20 million people in the US have now applied for unemployment benefits in the last month.
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Coronavirus: what could the long-term economic impact be for you?
Beyond the short term economic crisis, it looks likely that women, younger workers and the low-paid will be most damaged by the shutting down of large parts of the economy.
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33m
Government will step in to pay wages in coronavirus bailout for business
Boris Johnson has told those places where we gather to drink, eat or exercise to shut down indefinitely.
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Bank of England interest rates cut to record low – will it be enough to save businesses?
The Bank of England has cut interest rates to their lowest ever and is pumping more money into the economy to try to stop the panic on the financial markets. But will that be enough to save businesses?
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12m
Flybe airline collapses as coronavirus outbreak affects air travel
The country’s biggest regional airline Flybe has collapsed, leaving thousands of jobs at risk.
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US interest rates cut amid concerns over coronavirus fallout
In the United States, the Federal Reserve has cut interest rates by half a percentage point in a bid to shore up the economy and financial markets amid all the coronavirus panic.