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contraction

U.S. Economy Shrinks by Record 32.9% in Q2

“It’s a very deep and dark hole and we’re coming out of it, but it’ going to take a long time to get out.”

ECB Adds $672B to Pandemic Relief Program

“The euro area economy is experiencing an unprecedented contraction," the ECB said as it provided additional stimulus through emergency bond buying.

U.S. GDP Sinks 4.8% As Virus Ends Expansion

“If the economy fell this hard in the first quarter, don’t ask how far it will crater in the second quarter because it is going to be a complete disaster."

IMF Predicts Worst Slump Since Great Depression

The Fund now expects the global economy to contract by 3% this year due to the coronavirus pandemic.

Brazil’s 0.2% GDP Drop Fans Recession Fears

"There is a very real risk of contraction, which would take the country into a technical recession," an economist warns.

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