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.
Tag: Unemployment
Economic Freeze Cuts Remittances, a Lifeline for Migrants’ Families
Migrant workers globally send hundreds of billions of dollars home every year. The economic paralysis with the coronavirus pandemic threatens that.
For Southern Italy, the Coronavirus Becomes a War on 2 Fronts
As it confronts the ravages of the virus, Italy’s less developed south also faces economic carnage not seen since just after World War II, with the poor turning to handouts.
While the World Spends on Coronavirus Bailouts, China Holds Back
Beijing has tried to protect jobs and spur lending, but it may have to do more to get its huge, damaged and incredibly complex economy going again.
OPEC Talks to Cut Oil Production Disappoint Traders
Live updates on stock market and business news during the coronavirus outbreak.
White House Adviser Warned of Risks of Pandemic; Trump Misleads on Testing
Britain’s prime minister, Boris Johnson, has been moved to intensive care, and the Supreme Court rejected an extension of Wisconsin’s voting deadline.
Young Adults, Burdened With Debt, Are Now Facing an Economic Crisis
Young people who entered this financial downturn with fewer resources than previous generations are enduring pain.
Coronavirus Live Updates: Hospitals Run Low on Supplies as the U.S. Death Toll Nears 10,000
A government report found medical facilities stretched to capacity and in need of everything from ventilators to thermometers. Prime Minister Boris Johnson of Britain was in the hospital. Japan will declare a state of emergency.
Australia Says Goodbye to the World’s Longest Boom
Every nation confronting the coronavirus pandemic sees a recession in its future. But after nearly 30 years of economic growth, Australia is struggling to process surging unemployment and declining exuberance.
The Virus Is Coming to Myanmar, but the Pain Has Already Begun
Economic fallout from the pandemic has upended lives in the impoverished country, where the first coronavirus cases are only now being reported.