Reuters Eurozone GDP fell 12.1% in the second quarter, its biggest decline in history. This is significantly higher than the contraction of the Eurozone GDP of 3.6% from 3.6% Spain was the most affected country, with a decrease of 18.5% compared to the previous quarter. The European Union closed a …
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The numbers: Americans increased spending on a variety of goods and services in June as more people returned to work and massive infusions of government aid flowed through the economy, but progress appears to have slowed lately after a recent surge in coronavirus cases. Personal spending rose 5.6% in June, …
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Reuters Eurozone GDP fell 12.1% in the second quarter, its biggest decline in history. This is significantly higher than the contraction of the Eurozone GDP of 3.6% from 3.6% Spain was the most affected country, with a decrease of 18.5% compared to the previous quarter. The European Union closed a …
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Stock markets opened significant losses Thursday morning on the news that the United States experienced the worst quarterly economic contraction on record earlier this year and an increase in weekly jobless claims. The Dow Jones Industrial Average fell 300 points, or 1.1 percent, and the S&P 500 fell 31 points, …
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The numbers: A coronavirus battered economy slowed to a record 32.9% per year in the second quarter, underscoring how big the hole the United States is in to recover from the deepest recession in US history. The wave of damage caused by the first global pandemic in a century was …
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