May 11, 2020/IMFBlog By Davide Furceri, Prakash Loungani, Jonathan D. Ostry The COVID-19 crisis is now widely seen as the greatest economic calamity since the Great Depression. In January, the IMF expected global income to grow 3 percent; it is now forecast to fall 3 percent, much worse than during […]
OPINION/EDITORIAL
Coronavirus Shock Likely to Reduce Some Banks’ Capital, Increase Credit Vulnerabilities
Culled—Proshare May 10, 2020 Moody’s Investors Service The rapid global spread of the coronavirus has led to a deteriorating economic outlook, sharply lower oil prices and broad financial market upheaval, generating an unprecedented credit shock across many sectors worldwide. Our current baseline economic scenario assumes pandemic-driven disruption of economic activity […]
Coronavirus Causing Dramatic Differences in State Unemployment
May 10, 2020/Fitch Ratings Economic implications of the coronavirus pandemic have been deep and substantial across the US, and state-level unemployment claims data imply a wide range of effects across states that will drive economic and revenue trends, says Fitch Ratings. Total unemployment claims filed since the start of the […]
