Recession

U.S. 1Q GDP Tumbles 4.8 Pct, The Biggest Drop Since Great Recession
U.S. 1Q GDP Tumbles 4.8 Pct, The Biggest Drop Since Great Recession
April 29, 2020  |  Economy

U.S. gross domestic product (GDP) dropped 4.8 percent in the first quarter — its biggest decline since the 2008 Great Recession as the coronavirus pandemic slammed the...

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New GDP Report Likely to Show Country Sinking Into Recession
New GDP Report Likely to Show Country Sinking Into Recession
April 29, 2020  |  Economy

The Commerce Department is expected to issue a report on Wednesday (April 29) with estimates of a minimum decrease of 5 percent in the gross...

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Goldman Sachs: US Unemployment To Hit 15 Pct; GDP May Drop 34 Pct In Quarter
Goldman Sachs: US Unemployment To Hit 15 Pct; GDP May Drop 34 Pct In Quarter
April 14, 2020  |  Economy

Goldman Sachs‘ new prediction is that the economic fallout from the coronavirus pandemic will end up four times worse than the recession from 2008-09, but...

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Ex-Fed Head Bernanke: Prepare For Long Recovery
Ex-Fed Head Bernanke: Prepare For Long Recovery
April 08, 2020  |  Coronavirus

It could be years before the U.S. economy rebounds from the economic impact of the coronavirus pandemic, former chair of the Federal Reserve Ben Bernanke...

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Bank Of Finland Predicts Pandemic Will Trigger Major Recession
Bank Of Finland Predicts Pandemic Will Trigger Major Recession
April 07, 2020  |  Coronavirus

The global coronavirus pandemic has cast a dark cloud over Finland’s economy, as the central bank predicts the worst recession in over 100 years, according...

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Fed’s Bullard Puts Positive Spin On Economy Despite Steep Job Losses
Fed’s Bullard Puts Positive Spin On Economy Despite Steep Job Losses
April 05, 2020  |  Economy

Despite the coronavirus’ rampant shifts to the U.S. economy, St. Louis Federal Reserve President James Bullard says he doesn’t think the situation is a plummeting “free...

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Helping ISVs And PayFacs Survive (And Even Thrive) In Uncertain Times
Helping ISVs And PayFacs Survive (And Even Thrive) In Uncertain Times
April 03, 2020  |  Payment Methods

The ongoing coronavirus pandemic and resulting economic crisis are reshaping the way business is done — and the way we pay. Get the Full Story Complete...

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Where Big Tech Will And Won’t Spend In A COVID Recession
Where Big Tech Will And Won’t Spend In A COVID Recession
April 02, 2020  |  Economy

It is easy – and becoming easier by the day – to look at the business world and see trends indicating where the money isn’t...

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Ex Fed Head Bernanke: Recession Will Be Short
Ex Fed Head Bernanke: Recession Will Be Short
March 25, 2020  |  Economy

The former chairman of the Federal Reserve, Ben Bernanke, said he thinks the coronavirus-influenced recession will be a short one, and recovery will happen quickly,...

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