John Gong, professor of the University of International Business and Economics, explained how Chinese economy recovers from the impact of the COVID-19 pandemic. #coronavirus
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Australia is in a recession for the first time in almost three decades, Treasurer Josh Frydenberg says.
GDP figures from the Australian Bureau of Statistics released on Wednesday show the economy shrank 0.3 per cent in the March quarter.
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CNBC’s Kayla Tausche reports that the Congressional Budget Office said the economy could take up to 10 years to catch up after the coronavirus pandemic ends.
The newly formed House subcommittee tasked with overseeing the coronavirus response is holding its first briefing on reopening the economy amid the pandemic, with five experts set to speak to lawmakers Wednesday afternoon.
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The U.S. unemployment rate hit 14.7 percent in April, the highest rate since the Great Depression. The Heat’s Anand Naidoo speaks with John Quelch, the Dean of the Miami Herbert Business School at the University of Miami on what it will take for the U.S. economy to recover. And, we’ll also take a closer look at how COVID-19 is impacting Iran and how the U.S. sanctions have made it more difficult to get medicines and protective equipment into the country.
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CNN’s Michael Smerconish looks into how the unemployment crisis, economic downturns and the stress of isolation with no clear end date could significantly increase “deaths of despair.”
#CNN #News
On Wednesday British Columbia Premier John Horgan along with provincial health officer Dr. Bonnie Henry and health minister Adrian Dix announced how the province will begin to reopen the economy starting in mid-May.
Among those businesses slated to reopen in mid-May are certain health services, retail outlets, restaurants, salons and museums.
Hotels, resorts and parks could begin reopening in June while some entertainment venues would be slated for reopening in July. However, large concerts would not be included in this.
Night fairs in east and north China’s municipalities of Shanghai and Tianjin have reopened amid strict anti-epidemic measures. Visitors must show their health codes and have temperatures taken before entering. Over 50 stalls are selling more than 150 distinctive delicacies to visitors. Staff have to get their temperatures checked three times a day and each stall must be disinfected at least twice a day. The fair is also controlling visitor flows. #coronavirus #China #economy
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Berkshire Hathaway Chairman and CEO Warren Buffett discusses the coronavirus and the impact the disease has had on society and the economy.
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Canada faces several economic disadvantages as it emerges from the pandemic but having the U.S. as its major trading partner could help, says Peter Hall, the chief economist for Export Development Canada.
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Alberta Premier Jason Kenney and chief medical officer of health Dr. Deena Hinshaw held a briefing on COVID-19 on Thursday.
During the briefing, Kenney released details of its relaunch strategy, which includes a plan to re-open some medical services, parks, golf courses and businesses.
It’s a phased approach, Kenney said, with the start date of each subsequent phase based on the success of the previous phase.
Should hospitalizations remain stable, scheduled surgeries would resume May 4, along with some health services like dental. Golf courses would be able to open on May 4 and restaurants will be able to open at half capacity on May 14.
The world’s biggest economy looks to be heading into a severe recession with large parts of the country closed for business.
The US economy shrank at an annual rate of 4.8% in the first quarter of the year as coronavirus lockdown measures took their toll.
It was the first quarterly decline in GDP for six years and the biggest since the financial crisis in 2008, according to official figures.
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The US economy suffered its most severe contraction in more than a decade in the first quarter of the year, as the country introduced lockdowns to slow the spread of coronavirus.
The world’s largest economy sank at an annual rate of 4.8%, according to official figures released on Wednesday.
It marked the first contraction since 2014, ending a record expansion.
But the figures just hint at the full crisis, since many of the restrictions were not put in place until March.
#BBCOS #BBCOutsideSource
NBC News reports that the president is getting differing political advice from his aides about opening up the U.S. economy, something the president sees as critical to his re-election. Shannon Pettypiece joins to discuss. Aired on 04/27/2020.
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Protests over the weekend are signs that some Canadians have grown impatient with COVID-19 restrictions, but avoiding a resurgence of the virus is the biggest consideration in the wait to reopen the economy.
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Impact on Covid-19 on Capital Market & Global Economy
Canadian Prime Minister Justin Trudeau has spoken with provincial and territorial leaders about plans for the eventual reopening of the economy amid the novel coronavirus pandemic.
As David Akin explains, while there are national guidelines to balance, provinces will have the flexibility to move at their own pace.
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#GlobalNews #Coronavirus #JustinTrudeau #CdnEconomy
The 16th of the March saw the biggest one day drop on the FTSE 100 and international markets since the financial crisis of 2008. At the centre of this crisis is Covid-19.
But, is this the first time that a disease outbreak has caused so much damage to the economy, and how prepared is the global economy to deal with a pandemic?
We explore the issues that have circled this crisis. And ask, what are the implications of a global economy that has become more and more interconnected in a pandemic?
Get the latest headlines: https://www.telegraph.co.uk/
Health care expert Avik Roy says that even without widespread testing, it’s time to reopen schools and allow healthy, younger employees to go back to work.
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How do we reopen American society in a way that keeps people safe but also puts them back to work and school?
‘Is the dollar more important than the lives of Americans, than the lives of our world?’ — This doctor is sending a stern message to her governor as he plans to reopen the state of Georgia to business.
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In US news and current events today, Dr. Karla Lorraine sent a grave warning to Georgia Governor Kemp on his decision to reopen the local economy. Listen to this Doctor fighting COVID-19 warning.
Tom Bossert, Austan Goolsbee and Danielle Allen are interviewed on “This Week.”
#ABCNews #ThisWeek #COVID19 #Coronavirus
DONALD Trump said the latest coronavirus data suggests the US “passed the peak” as he finalises guidelines to reopen the economy. He also says American’s miss sports as he plans to reopen sporting events.
During his White House press briefing today, the president said America’s “aggressive” COVID-19 strategy appeared to be working and that he would be announcing revised measures on Thursday.
https://www.the-sun.com/news/689310/trump-latest-coronavirus-data-us-passed-peak-guidelines-reopen/
Former Reserve Bank of India (RBI) Governor Raghuram Rajan speaks to NDTV’s Dr Prannoy Roy on the global economy amid the coronavirus crisis and what can India expect out of this. They also discuss the impact on markets and what steps should India take to help the poor and daily wagers to help them out of this crisis.
NDTV is one of the leaders in the production and broadcasting of un-biased and comprehensive news and entertainment programmes in India and abroad. NDTV delivers reliable information across all platforms: TV, Internet and Mobile.
Powell will talk about the current state of the economy, the Fed’s response to the crisis, and what lies ahead at the Hutchins Center on Fiscal and Monetary Policy at Brookings.
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