contraction

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

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.”
By Matthew Heller | July 30, 2020
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ECB Adds $672B to Pandemic Relief Program
The Economy

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.
By Matthew Heller | June 4, 2020
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U.S. GDP Sinks 4.8% As Virus Ends Expansion
The Economy

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."
By Matthew Heller | April 29, 2020
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IMF Predicts Worst Slump Since Great Depression
The Economy

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.
By Matthew Heller | April 14, 2020
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Brazil’s 0.2% GDP Drop Fans Recession Fears
The Economy

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.
By Matthew Heller | May 31, 2019
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