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Home » Tag Archives: COVID19 impact on economy

Tag Archives: COVID19 impact on economy

What Do Consumers Buy During The Age Of COVID-19?

REUTERS, SEPTEMBER 1, 2020 What’s in the containers these days? What are consumers buying? Lots of coffee, ketchup and Nike Air Max. Expensive raincoats? Not so much. (Reuters) – Instant coffee, ketchup, Lululemon yoga pants and Nike Air Max sneakers are all in. Bottled water, pricey diapers and Burberry luxury trench coats are out. Welcome to America’s pandemic consumer economy. …

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U.S. Worse Off Than Russia, Mexico in 2020 Economic Misery Ranking – Bloomberg

People wait in line to get groceries at a pop-up food pantry

BLOOMBERG, AUGUST 6, 2020 China improves as Covid-19 modestly impacts 2020 forecast | Venezuela, Argentina and South Africa top the misery list By Catarina Saraiva and Michelle Jamrisko for Bloomberg – The U.S. is projected to see the worst reversal of fortune this year in a ranking of global economic misery, underscoring just how much havoc the pandemic has wrought. America fell 25 …

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U.S. Chapter 11 bankruptcy filings surge in May

A pedestrian walks on an empty street

REUTERS, JUNE 4, 2020 (Reuters) – U.S. commercial bankruptcy filings under Chapter 11 of the U.S. Bankruptcy Code jumped in May by 48% from year earlier, marking an initial wave of insolvencies arising from the business disruptions triggered by the COVID-19 pandemic, the American Bankruptcy Institute said on Thursday. Chapter 11 filings rose 28% in May from April, ABI said, …

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Coronavirus unleashing a new wave of U.S. layoffs

a pedestrian walks by The Framing Gallery. Closed sign

REUTERS, MAY 28, 2020 US workers file 2.1 million more jobless claims as crisis total tops 40 million WASHINGTON – The number of Americans filing for unemployment benefits held above 2 million last week for a 10th straight week amid job cuts by U.S. state and local governments whose budgets have been decimated fighting the COVID-19 pandemic and more second-wave …

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Trump may scale back closures despite worsening COVID19 outbreak – Reuters

U.S. President Donald Trump answers a question during the coronavirus response daily briefing

REUTERS, March 23, 2020 WASHINGTON (Reuters) – President Donald Trump said on Monday he is considering how to reopen the U.S. economy when a 15-day shutdown ends next week, even as the highly contagious coronavirus is spreading rapidly and hospitals are bracing for a wave of virus-related deaths. “America will again and soon be open for business,” Trump told a …

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