Recession

U.S. 1Q GDP Tumbles 4.8 Pct, The Biggest Drop Since Great Recession

U.S. 1Q GDP Tumbles 4.8 Pct, The Biggest Drop Since Great Recession
U.S. 1Q GDP Tumbles 4.8 Pct, The Biggest Drop Since Great Recession
April 29, 2020  |  Economy

U.S. gross domestic product (GDP) dropped 4.8 percent in the first quarter — its biggest decline since the 2008 Great Recession as the coronavirus pandemic slammed the...

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New GDP Report Likely to Show Country Sinking Into Recession
New GDP Report Likely to Show Country Sinking Into Recession
April 29, 2020  |  Economy

The Commerce Department is expected to issue a report on Wednesday (April 29) with estimates of a minimum decrease of 5 percent in the gross...

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Goldman Sachs: US Unemployment To Hit 15 Pct; GDP May Drop 34 Pct In Quarter
Goldman Sachs: US Unemployment To Hit 15 Pct; GDP May Drop 34 Pct In Quarter
April 14, 2020  |  Economy

Goldman Sachs‘ new prediction is that the economic fallout from the coronavirus pandemic will end up four times worse than the recession from 2008-09, but...

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Ex-Fed Head Bernanke: Prepare For Long Recovery
Ex-Fed Head Bernanke: Prepare For Long Recovery
April 08, 2020  |  Coronavirus

It could be years before the U.S. economy rebounds from the economic impact of the coronavirus pandemic, former chair of the Federal Reserve Ben Bernanke...

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Bank Of Finland Predicts Pandemic Will Trigger Major Recession
Bank Of Finland Predicts Pandemic Will Trigger Major Recession
April 07, 2020  |  Coronavirus

The global coronavirus pandemic has cast a dark cloud over Finland’s economy, as the central bank predicts the worst recession in over 100 years, according...

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Fed’s Bullard Puts Positive Spin On Economy Despite Steep Job Losses
Fed’s Bullard Puts Positive Spin On Economy Despite Steep Job Losses
April 05, 2020  |  Economy

Despite the coronavirus’ rampant shifts to the U.S. economy, St. Louis Federal Reserve President James Bullard says he doesn’t think the situation is a plummeting “free...

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Helping ISVs And PayFacs Survive (And Even Thrive) In Uncertain Times
Helping ISVs And PayFacs Survive (And Even Thrive) In Uncertain Times
April 03, 2020  |  Payment Methods

The ongoing coronavirus pandemic and resulting economic crisis are reshaping the way business is done — and the way we pay. Get the Full Story Complete...

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Where Big Tech Will And Won’t Spend In A COVID Recession
Where Big Tech Will And Won’t Spend In A COVID Recession
April 02, 2020  |  Economy

It is easy – and becoming easier by the day – to look at the business world and see trends indicating where the money isn’t...

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Ex Fed Head Bernanke: Recession Will Be Short
Ex Fed Head Bernanke: Recession Will Be Short
March 25, 2020  |  Economy

The former chairman of the Federal Reserve, Ben Bernanke, said he thinks the coronavirus-influenced recession will be a short one, and recovery will happen quickly,...

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