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U.S. Economy

European Commission revealed Autumn 2020 Economic Forecast

11 mins read

The FINANCIAL — The coronavirus pandemic represents a very large shock for the global and EU economies, with very severe economic and social consequences. Economic activity in Europe suffered a severe shock in the first half of the year and rebounded strongly in the third quarter as containment measures were gradually lifted. However, the resurgence of the pandemic in recent weeks is resulting in disruptions as national authorities introduce new public health measures to limit its spread. The epidemiological situation means that growth projections over the forecast horizon are subject to an extremely high degree of uncertainty and risks. An…

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European Commission revealed Autumn 2020 Economic Forecast

11 mins read

The FINANCIAL — The coronavirus pandemic represents a very large shock for the global and EU economies, with very severe economic and social consequences. Economic activity in Europe suffered a severe shock in the first half of the year and rebounded strongly in the third quarter as containment measures were gradually lifted. However, the resurgence…

Oil price down as Trump tests positive for COVID-19

5 mins read

The FINANCIAL — Oil fell by 5% on Friday after Trump tested positive for coronavirus. It was already in negative territory after a bipartisan deal on U.S. stimulus continued to elude House Speaker Nancy Pelosi and the White House, adding to fears about worsening demand without more support for the economy.  However, oil prices are expected to…

Georgia’s GDP declined by 5.3% in August 2020

3 mins read

The FINANCIAL — National Statistics Office of Georgia published data of rapid estimates of economic growth. Estimated real Gross Domestic Product  (GDP) declined by 5.3 percent in August 2020 YoY. Asian Development Bank’s new report says that Georgia is forecast to return to the economic growth of 4.5 % in 2021 thanks to expected recoveries in tourism,…

59% of U.S. parents with lower incomes say their child may face digital obstacles in schoolwork

5 mins read

The FINANCIAL -- Roughly six-in-ten parents with lower incomes said it’s likely their homebound children would face at least one digital obstacle to doing their schoolwork, according to Pew Research. Overall, 38% of parents with children whose K-12 schools closed in the spring said that their child was very or somewhat likely to face one or…

Australia falls into the first recession in nearly 30 years

5 mins read

The FINANCIAL — 2020 is the year Australia technically lost its famous nickname as ‘The Lucky Country’ and fell into recession for the first time in almost three decades. Australia last fell into recession in mid-1990 which ran into late 1991. But the coronavirus pandemic has been a major blow to the Australian economy, although the…

Most Commodity Prices to Drop in 2020 As Coronavirus Depresses Demand and Disrupts Supply

5 mins read

The FINANCIAL – The global economic shock of the COVID-19 pandemic has driven most commodity prices down and is expected to result in substantially lower prices over 2020, the World Bank said in its April Commodity Markets Outlook.…

U.S. Economic Confidence Index Stable at -14

3 mins read

{rating}The FINANCIAL -- Americans' confidence in the U.S. economy has leveled off, with Gallup's U.S. Economic Confidence Index averaging -14 for the week ending May 8. This score is similar to the -15 and -16 found the previous two weeks.…