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File downloaded at: 09-30-2022
Rating of file: 8.3 / 10
Size of downloaded file, Mb: 9.6
Author of downloaded file: Xuuter
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Goldman says downturn will be 4 times worse than housing crisis, then an ‘unprecedented’ recovery
The global economic hit from the coronavirus crisis will likely be four times worse than the financial crisis and the U.S. will see its highest unemployment rate since World War II, according to a Goldman Sachs forecast.Read more
With most of the world’s developing economies on a near total shutdown to try to stop the coronavirus spread, Goldman sees a second-quarter GDP decline of 11% from a year ago and 35% from the previous quarter on an annualized basis.
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Below, CNBC Make It clarified seven myths about the stimulus checks. Here’s what you need to know, from whether or not they are taxed to how long it will take for them to hit your bank account.
Turkey’s economy is in trouble as experts worry it could become a new coronavirus hotspot
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The country of 82 million is one of the few in Europe that hasn’t implemented a mandatory nationwide lockdown, something its president Recep Tayyip Erdogan has so far avoided in hopes of shielding the economy.
Trump halts US funding for World Health Organization as it conducts coronavirus review
The U.S. will suspend funding to the World Health Organization while it reviews the agency’s response to the Covid-19 pandemic, President Donald Trump announced Tuesday, saying the international health agency made mistakes that “caused so much death” as the coronavirus spread across the globe.Read more
“Today I’m instructing my administration to halt funding of the World Health Organization while a review is conducted to assess the World Health Organization’s role in severely mismanaging and covering up the spread of the coronavirus,” Trump said at a White House press conference.
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The fast-spreading coronavirus has prompted many countries around the world to effectively shut down in order to contain the outbreak.Read more
The draconian measures have placed massive restrictions on the daily lives of hundreds of millions of people, from so-called lockdowns and school closures to strict regulations on social distancing and bans on public gatherings.