President Donald Trump said the COVID-19 pandemic has dealt a heavier blow to the United States than the attack on Pearl Harbor during World War II or the 11/5 attacks, Voice of America reported. In the first quarter, the US GDP contracted by almost XNUMX%, the maximum from ...
The author of the channel “Dumped to America” on Yandex.Zen talked with his friends in the USA and found out how they live in quarantine, whether they manage to make ends meet and what they have to save on. The author of the blog is “stuck” in quarantine in Moscow, but writes regularly...
23 million Americans filed new jobless claims in the week ending April 3,84, CBS News reported. This brings the total number of Americans who have lost their jobs in the past six weeks to 30 million, a record for the rate of loss of workers ...
The Chinese economy sagged sharply in the first quarter of 2020, the first time in three decades of quarterly counting, as the COVID-19 pandemic paralyzed production and investment, the BBC's Russian service reported. China's GDP in January-March fell by 6,8% in annual terms after ...
The number of jobs in the United States in March 2020 decreased by 701 thousand. The continuous growth of the labor market observed over the past ten years has stopped. And this is just the beginning of the storm caused by the coronavirus, which is destroying the American economy and the labor market, writes USA Today. ...
More than 6,6 million Americans applied for unemployment benefits at the end of March, doubling the record level set just a week earlier. This is a clear sign that layoffs are accelerating in the midst of the coronavirus pandemic. France24 writes about it. A US Department of Labor report showed that ...
Most countries are fighting the coronavirus with quarantines, despite the colossal damage to the economy. Others are in no hurry to introduce business into an artificial coma - they are afraid that the medicine will be more dangerous than the disease. Writes about this BBC. And even where the population obediently dispersed to ...
Life on the planet has come to a standstill. A return to normalcy, even if possible, will cost more than any of the post-war crises. The virus will present its final bill in months, if not years, but the West is already making an advance payment for treatment and economic rehabilitation -...
New York has already begun work on steps to rebuild the economy as the coronavirus outbreak subsides. It is reported by the Voice of America. New York State has already begun work on steps to rebuild the economy. This was announced on Monday, March 23rd, by the Governor of New York ...
When a recession hits, naturally everyone worries about the negative aspects. And it is true that the recession is creating a lot of difficulties for people. Writes about this Money Talks News. There are some things that actually improve during a recession. 1. Cheap Stocks Recession ...