There is a clear and present danger that lockdown measures aimed at stemming the spread of the novel coronavirus may fuel mental health issues like suicides, Dr. Francis Collins, the director of the National Institutes of Health (NIH), warned this week.
Gov. Jim Justice praised President Donald Trump’s handling of the coronavirus outbreak while warning of a looming “full-fledged depression.”
A report found that the economic fallout from the Chinese coronavirus pandemic will leave 11.7 million Britons out of work by the summer, as the Treasury warns that the national lockdown will have a permanent impact of the economy.
Dubai — Debt levels, unemployment and budget deficits will spike as the Middle East endures a coronavirus-led recession, piling pain on economies already hit by conflicts and an oil price slump, the IMF said Wednesday.
Government projections reveal the British economy is facing a historic economic downturn as a result of coronavirus, and the lockdown.
The European Union has lost at least one million jobs since leaders across the bloc locked down their countries in response to the coronavirus pandemic.
On Monday’s broadcast of CNN’s “Cuomo Primetime,” New York Governor Andrew Cuomo (D) stated that the coronavirus “has triggered a recession.” Cuomo said, “Add up all the costs, add up all the businesses closed, all the people who are going
“Well, it may be,” he said when asked by reporters whether he thought the economy was in a rescission. “We’re not thinking in terms of recession. We’re thinking in terms of the virus.”
On Monday’s broadcast of the Fox News Channel’s “Fox & Friends,” Fox Business host Stuart Varney stated that the U.S. is “headed into a recession. I don’t think there’s any way around it.” Varney said, “We are, I think, headed
To avoid a recession, speed of getting aid out is more important than targeting.
European leaders are lining up an array of tax breaks, financial support for companies and likely central bank measures.
The Japanese government hiked its consumption tax in October. The drag on the economy was much larger than expected.
President Donald Trump has entered 2020 with one of the best allies an incumbent president can have in an election year: a strong economy.
In a wide-ranging interview with CNBC’s John Harwood, 2020 Democratic presidential hopeful Joe Biden predicted the next president to take office is “likely to inherit a recession.” The former vice president told Harwood in the sit-down interview in New Hampton,
German factory orders, an important indicator for Europe’s biggest economy, dropped for the second consecutive month in August – led by lower demand from domestic customers.
Senator Pat Toomey (R-PA) said Thursday he does not think the United States is “heading to a recession any time soon.” In his interview on CNBC’s “Squawk Box,” Toomey voiced his concern with beginning a new trade war, saying the
Although the manufacturing sector appears to be contracting, economic growth is well above stall speed
The economy is strong and growing. But nearly three-quarters of Democrats see a recession coming.
There were fewer people unemployed in America in August 2019 than there were in August 1975 when we were just shy of 69 million fewer people in the economy.
Thursday on CNBC’s “Squawk Box,” network host Jim Cramer argued the U.S. economy gave it leverage over China in the trade dispute between the two nations. Cramer told host Joe Kernan that the only ones talking about a recession as
Alfredo Ortiz of Job Creators Network writes in Townhall that, rather than celebrating our current prosperity and booming economy, the left is proposing to destroy it by instituting a “Green New Deal.”
Elaine Parker of Job Creators Network writes in the Washington Times that the broad scope of economic indicators offset the concern that the inverted yield curve suggests a recession is imminent.
Alfredo Ortiz of Job Creators Network writes in The Hill that Democrats’ “the sky is falling” rhetoric about impending recession is merely a desperate attempt to take back the reins of power:
Former Rep. John Delaney (D-MD) told the Associated Press in Iowa on Wednesday that fellow Democratic presidential candidates were guilty of “cheering on a recession because they want to stick it to Trump.”
While speaking to reporters on Wednesday, 2020 presidential candidate former Representative John Delaney (D-MD) stated, “It feels like some Democrats are cheering on a recession because they want to stick it to Trump.” Delaney said, “It feels like some Democrats
The market appeared to take Wednesday’s inversion in stride. The major stock indexes ended the day in the green.
“I think the word ‘recession’ is inappropriate because it’s just a word that certain people, I’m going to be kind, certain people in the media are trying to build up because they’d love to see a recession,” Trump said. “We’re very far from a recession.”
In the face of rising recession fears, the White House is considering a payroll tax cut aimed at boosting consumer spending.
Monday amid rumblings of the United States facing a potential recession, “MSNBC Live” commentator Stephanie Ruhle defended recessions, calling them “a normal part of economic activity.” While the White House is shooting down the notion of an upcoming recession, Ruhle
In a Monday interview with reporters, White House counselor Kellyanne Conway responded to a question about the possibility of a recession by saying it is nice to have the mainstream media finally covering the economy under President Donald Trump, even though
During an interview with “Fox News Sunday,” White House economic adviser Larry Kudlow shot down the rumors of a potential recession on the horizon. According to Kudlow, the United States economy is “in pretty good shape.” “Well, first of all,
Long term bond yields have sunk below short term yields, often a signal of economic woes in the future.|
HBO talk show host Bill Maher has once again expressed his desire to see the United States fall into an economic recession in the coming year, arguing it would reduce the chances of President Donald Trump winning the 2020 presidential election.
The Iranian government published a report on Sunday showing the national Gross Domestic Product (GDP) contracted by 4.9 percent over the fiscal year ending March 21. The announcement revealed Iran’s economy contracted much more sharply than anticipated after U.S. sanctions were reimposed by President Donald Trump.
Recessions are inevitable but that does not mean one is on the horizon, despite dire headlines in the media.
Monday during an appearance on CNBC’s “Squawk Boc,” outgoing White House Council of Economic Advisers chairman Kevin Hassett predicted there will not be a recession in 2019 despite the European economic slowdown. Hassett said in looking at the data, the
The most closely watched part of the yield curve inverted, an indicator that a recession could arrive in the next few years.
Polls asking American households and businesses about the health of the American economy reveal sharp political divisions.
American consumers helped the 2018 holiday shopping season be bright as they spent more than $850 billion online and in stores.
Not quite the season to be jolly, according to CNBC’s latest survey.
