The United States, with its readiness to fire and hire, normally bounces back faster after a recession. This time, though, Europe’s model may be better.
Tag: Recession and Depression
Break the China Habit? Lobsters, Lights and Toilets Show How Hard It Is
The risks of relying economically on the Asian superpower have never seemed clearer. But as the world tries to get moving again, it needs China more than ever.
The Economy Is Reeling. The Tech Giants Spy Opportunity.
Many companies are retreating. But Amazon, Apple, Facebook, Google and Microsoft are placing bets to get even bigger.
Mexico’s Leftist Leader Rejects Big Spending to Ease Virus’s Sting
President Andrés Manuel López Obrador rejects huge stimulus packages, even as millions of Mexicans risk falling into poverty.
A €750 Billion Coronavirus Recovery Plan Thrusts Europe Into a New Frontier
Adopting the proposal would make history for the bloc, vesting authority in Brussels in ways that more closely resembled a central government.
A €750 Billion Virus Recovery Plan Thrusts Europe Into a New Frontier
The European Commission wants to issue bonds to raise the funds, taking a step closer to a shared budget potentially paid for through common taxes.
Argentina Tries to Escape Default as It Misses Bond Payment
Despite the missed payment, its creditors have agreed to extend negotiations on restructuring $66 billion in foreign debt.
Germany’s Coronavirus Protests: Anti-Vaxxers, Anticapitalists, Neo-Nazis
The pandemic marginalized the far right, as Germans rallied behind Angela Merkel. But the reopening has brought them back, and they are preparing to seize new opportunities.
Millions Had Risen Out of Poverty. Coronavirus Is Pulling Them Back.
Experts say that for the first time since 1998, global poverty will increase. At least a half billion people could slip into destitution by the end of the year.
I.M.F. Predicts Worst Downturn Since the Great Depression
The global economy is expected to contract by 3 percent this year as quarantines and lockdowns cripple output.