IMF Downgrades Global Economic Forecast
As governments around the world battle the economic fallout of the COVID-19 pandemic, the International Monetary Fund (IMF) has published a further grim forecast, predicting a 4.9% contraction in global GDP (gross domestic product) for 2020, a lower fi…
Trump is reportedly considering a new $1 trillion infrastructure stimulus plan to boost the US economy
US President Donald Trump is considering an infrastructure plan worth $1 trillion to help revive the economy from the fallout of coronavirus and push ahead with his longstanding goal of spending big on US infrastructure, Bloomberg reported Tuesday.
Th…
Fed Makes Emergency Rate Cut to Shield US Economy From Coronavirus
The Federal Reserve, in a rare emergency step, cut short-term rates by half a percentage point on March 3 to protect the U.S. economy from the growing fallout of the global coronavirus outbreak.
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Iran’s Khamenei says ‘Zionist-controlled’ US government will sink like Titanic
Iranian Supreme Leader Ayatollah Ali Khamenei on Wednesday said the United States will sink like the ‘Titanic,’ blaming it on ‘wealthy Zionist individuals and corporate owners’ who he said controlled the US economy.
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US Economy on Path to ‘Solid’ 2020 Growth; Budget Deficits to Top $1 Trillion
The U.S. economy will grow at a ‘solid’ rate of 2.2 percent this year, the non-partisan Congressional Budget Office forecast on Tuesday, but with federal budget deficits hitting $1.015 trillion.
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US economy added 128K jobs in October, beating estimates
The U.S. economy added 128,000 jobs in October and the unemployment rate ticked up to 3.6%, according to new data released Friday, overcoming the drag from a monthlong General Motors strike that ended last week.
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