WASHINGTON (Reuters) – The coronavirus pandemic has caused more extensive and profound damage to economic activity than previously thought, the International Monetary Fund said Wednesday, prompting the institution to further cut its global output forecasts by 2020. The IMF said it now expects 2020 global output to shrink by 4.9%, …
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United States President Donald Trump signs HR 748, the CARES Act in the Oval Office of the White House on March 27, 2020 in Washington, DC. Erin Schaff | fake pictures A political struggle is brewing on Capitol Hill over what the next coronavirus stimulus package will be like. But …
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A sign is seen in the window of a closed J.Crew store near Rockefeller Plaza on May 4, 2020 in New York City. ANGELA WEISS / AFP via Getty Images Approximately 14% of business owners who received a loan through the Paycheck Protection Program expect to fire workers once they …
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