Tag: GDP

Historic second-quarter GDP report will show how hard the economy crashed in virus shutdowns

When the government releases GDP data Thursday, it is expected to show an unprecedented, nearly 35% contraction in the second quarter.
— Read on www.cnbc.com/2020/07/29/historic-second-quarter-gdp-report-will-show-how-hard-the-economy-crashed-in-virus-shutdowns.html

Canadian Output Plunges 8.2% With Further Damage Expected – Bloomberg

Canada’s economy shrank the most since the 2008-09 financial crisis, marking the beginning of what’s expected to be the deepest contraction of the post-war era.
— Read on www.bloomberg.com/news/articles/2020-05-29/canadian-output-plunges-8-2-with-further-damage-expected

COVID-19 to result in 3% GDP contraction in 2020: fund manager survey – Reuters

Two-thirds of alternative fund managers expect GDP to shrink by at least 3% in their focus markets this year as a result of the coronavirus pandemic, a global survey showed on Thursday.
— Read on www.reuters.com/article/us-health-coronavirus-funds-survey/covid-19-to-result-in-3-gdp-contraction-in-2020-fund-manager-survey-idUSKBN2340PK

GDP report to show a damaged economy sliding into recession

WASHINGTON — The U.S. economy began 2020 riding the crest of a record-long expansion with every expectation that its 11th year of growth would not be its last.Then the economy screeched to a sudden halt. And now it’s in free-fall.On Wednesday, the government will offer a glimpse of how dark the picture
— Read on ca.finance.yahoo.com/news/gdp-report-show-damaged-economy-040314865.html

COVID-19 has world’s major economies on track for worst quarterly decline in history

The flood of negative economic indicators caused by COVID-19 is set to reach epic proportions in the second quarter, with the world’s major economies poised to see a decline unlike any before. 
— Read on www.msn.com/en-ca/money/topstories/covid-19-has-worlds-major-economies-on-track-for-worst-quarterly-decline-in-history/ar-BB12I5b5

A Global Pandemic Could Cost $1 Trillion

(Bloomberg) — The worrying prospect that the coronavirus outbreak could become the first truly disruptive pandemic of the globalization era is renewing doubts over the stability of the world economy.With the death toll approaching 3,000, over 80,000 cases officially recorded and an outbreak in Italy
— Read on ca.finance.yahoo.com/news/global-pandemic-could-cost-1-063617467.html

Japan’s economy shrinks at fastest pace in 6 years, virus clouds outlook

Gross domestic product (GDP) fell an annualized 6.3% in the October-December period, faster than a median market forecast for a 3.7% contraction, data released by the government showed on Monday.
— Read on www.cnbc.com/2020/02/17/japans-economy-shrinks-at-fastest-pace-in-6-years-virus-clouds-outlook.html