CoronaVirus Dow Falls 350 Points Amid Renewed Coronavirus Fears And Worrying Economic Outlook TOPLINE The stock market dropped sharply on Thursday—erasing its gains for the week—as investors worry that the recent surge in coronavirus cases across the country could lead to a further economic downturn. Stocks took a hit amid fears that the pandemic could prolong the recession. Mark Lennihan/ASSOCIATED PRESS KEY FACTS The Dow Jones Industrial Average […] Written by July 9, 2020July 9, 2020
CoronaVirus The Economic Impact Of Covid-19 Creates “Clear Burning Platform” For Wealth Tax Chatsworth House, home to the Duke and Duchess of Devonshire, is regarded as one of Britain’s finest … [+] country estates. PA Images via Getty Images The prospect of a UK wealth tax is looming larger than ever, according to the former head of the civil service, as the government struggles to cope with the […] Written by July 3, 2020July 3, 2020
News The Making Of An Economic Pandemic In an exclusive excerpt from The Rules of Contagion, epidemiologist Adam Kucharski re-examines the parallels between 2020 and the 2008 financial crisis to explain how quickly panic goes viral—and how to stop it. One Saturday morning in March 2003, a group of experts gathered at WHO headquarters in Geneva to discuss a newly discovered infection […] Written by imesocial July 2, 2020July 2, 2020
Business CoronaVirus COVID-19 Cases Surge in US, Threatens Economic Recovery A sudden surge in the number of COVID-19 cases across the US is threatening to derail the nascent economic recovery as many states have either paused or partially reversed their reopenings, officials have warned. “Economic activity in states with the most significant increases in cases in recent days, including Arizona, California, Florida and Texas, appears […] Written by imesocial June 30, 2020June 30, 2020
Uncategorized IMF Slashes Global GDP Forecasts, Warning Of An Economic Crisis ‘Like No Other’ TOPLINE The International Monetary Fund has downgraded its global economic forecasts for 2020, and is now predicting the coronavirus pandemic will cause a much deeper recession and slower recovery than originally expected. Gita Gopinath, the International Monetary Fund’s chief economist. Brendan Smialowski/AFP via Getty Images KEY FACTS The IMF forecast that global GDP will this […] Written by imesocial June 24, 2020June 24, 2020
CoronaVirus News Technology WHO Urges Balance Between Protection Against COVID-19 and Minimizing Social, Economic Damage World Health Organization (WHO) urged a delicate balance between protection against COVID-19 and minimizing social, economic damage therewith, as global daily new cases keeps hitting new record. “It’s not a choice between lives and livelihoods. Countries can do both,” claimed WHO Director-General Tedros Adhanom Ghebreyesus, as all countries are facing a “delicate balance between protecting […] Written by imesocial June 23, 2020June 23, 2020
