Japanese recession looming on the horizon as economic data disappoints
The Japanese economy is suffering under the blows of the global outbreak. New data suggests that the country’s economy can now be considered in recession again (previously, it was classified that way back in...
New job statistics show record-shattering unemployment rates
Friday job statistics release continue showing disheartening results as the whole number of non-farm payroll employment reached 20.5 million in April. According to the US Bureau of Labor Statistics this shows an unemployment rate...
Quarterly GDP data confirm fears and spark response from central banks
According
to new government data the US GDP fell 4.8% for Q1 of 2020 per a
report by the Bureau of Economic Analysis. Final revisions are still
unclear, but further drops may be recorded. It was previously
expected...
Governments respond to job market crisis amidst uncertainty
While
the global SARS pandemic has not eased its’ grip on the population
at large economy experts and leaders on both sides of the Pond are
working on stimulus packages for both businesses and individuals that
would, hopefully,...
April futures saw the oil tumble at below sea level prices for the first...
A
historic drop in the price of the WTI crude oil below 0 has shocked
the markets and has signified exactly how stagnant the present
economy is. A number of factors have contributed to a global demand
slowdown...
On Labour Day the economy is still struggling to find a solution
The
virus continues to impact the number of initial claims and insured
unemployment across the globe. Across the US in the week ending April
25, the advance figure for seasonally adjusted initial claims was
3,839,000, a decrease of...
