Economic safety nets to disappear in December as coronavirus surges

Safety nets are likely to be yanked from underneath millions of vulnerable Americans in December, as the coronavirus surges. Why it matters: Those most at risk are depending on one or more relief programs that are set to expire, right as the economic recovery becomes more fragile than it’s been in months.Those relief programs include…Continue Reading

Erdogan’s snap economic rethink prompted by bleak briefings: Turkish sources

2/2 © Reuters. FILE PHOTO: Turkish President Erdogan talks to the media after attending Friday prayers at Hagia Sophia Grand Mosque in Istanbul 2/2 By Orhan Coskun and Jonathan Spicer ANKARA (Reuters) – President Tayyip Erdogan’s decision to oust Turkey’s central bank chief this month was made hours after briefings on the fragile state of…Continue Reading

China economic activity can return to reasonable range in 2021: Premier Li

No results matched your search Economy4 hours ago (Nov 24, 2020 10:45AM ET) © Reuters. China’s Premier Li Keqiang holds a news conference after the Fifth “1+6” Round Table Dialogue BEIJING (Reuters) – China’s premier Li Keqiang said on Tuesday he expects economic activity in the country can return to a reasonable range next year,…Continue Reading

The economic fallout of lockdown 2.0

America is facing its worst rate of new coronavirus infections — and widespread sickness is expected to be compounded by economic pain from the necessary lockdown measures, much like we saw earlier this year. Why it matters: What’s different now is the lack of near-term hope for stimulus as the country tries to control the…Continue Reading

Trump Has No Economic Plan, Says Republican Economist Glenn Hubbard

No results matched your search Economy5 hours ago (Nov 03, 2020 08:18AM ET) © Bloomberg. Glenn Hubbard (Bloomberg Businessweek) — Republican economist Glenn Hubbard likes some things President Trump has done (tax cuts, deregulation) and dislikes others (trade wars), but he has little to say about Trump’s plans for the economy if he wins a second…Continue Reading

HK’s economic contraction eases amid Covid

Hong Kong’s economic slump has eased considerably with new provisional figures showing that GDP declined by 3.4 percent in the third quarter compared with 9 percent drops in the two previous quarters, and an academic said the reopening of land borders could hold the key to a recovery. According to government figures released on Friday,…Continue Reading

Global economic rebound at risk from rising coronavirus cases: Reuters poll

BENGALURU (Reuters) – There is a high risk the resurgence in coronavirus cases halts the global economic recovery by year-end, according to Reuters polls of around 500 economists, a majority of whom expected the rebound next year to be weaker than previously thought.FILE PHOTO: George Washington is seen with printed medical masks on a U.S.…Continue Reading