U.S. The recent layoffs and furlough provocations are also creating a new obstacle to a fragile economic recovery, the pace of which seems to be waving the flag. A large number of airline carriers and hotel chains such as American Airlines AAL. + 2.33% And MGM Resorts MGM, + 4.60% …
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TOKYO (Reuters) – Japan was hit by its biggest economic contraction on record in the second quarter when the coronavirus pandemic burned businesses and consumer spending, keeping policymakers under pressure for bold action to prevent the recession from escalating. FILE PHOTO: People cross a street in a business district in …
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Americans in August felt no better about the economy than about their own financial situation than they did in the previous month, reflecting broad concerns about the still-spreading coronavirus and the chance of a slow recovery, emerged from a new survey. The preliminary reading of the consumer sentiment survey in …
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The economy has a large output gap, and executive orders cannot generate enough funding to address it. Only significant expenditures of Congress can provide the required level of funds. US President Donald Trump signs executive orders to extend coronavirus economic relief, during a … [+] news conference in Bedminster, New …
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