Stocks dropped even as central banks tried to prop up economies, indicating the tactics that helped in past financial crises might not work against a global pandemic.
Tag: United States Economy
Markets Plunge. Economies Stall. Panic Spreads. It All Feels Very 2008.
Ineffective monetary policy, scant action from governments, and fear of a leadership void is raising alarm about the pandemic’s economic shock.
‘Massive Shock’ and Battered Airline Stocks in Europe With Trump’s Travel Ban
The damage is likely to go well beyond tourism, as business plans are disrupted and consumer confidence is shaken.
Will the Coronavirus Cause a Recession? Keep Your Eye on the Barbershops
The Fed reduced rates to keep the effects of the outbreak from spreading to sectors not directly affected by the virus.
Global Health Crisis 1, Economic Policymakers 0
As leaders of the world’s wealthiest countries pledged to limit the damage from the coronavirus, they appeared to be operating with limited options.
Why a Coronavirus Recession Would Be So Hard to Contain
A supply shock is not a problem our usual economic tools are particularly good at solving. But it’s the one we face.
How Bad Could It Get? Companies Gauge the Coronavirus Impact
Whether the economy slides into a recession may be determined by the way businesses react to the outbreak.
Coronavirus Fears Reverberate Across Global Economy
The stock market had its worst week since 2008, signaling that one of the longest expansions in history could be ending. Policymakers said they were ready to act.
U.S. Soldier Tests Positive for Virus in South Korea
The soldier, the first U.S. service member known to be infected, has been quarantined in his off-base residence, the military said.
Finance Ministers Grapple Over Economic Threat of Climate Change
The United States, under pressure from Europe, agreed to include a climate reference in an official G20 statement.