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Thursday, September 24th, 2020
Home » Tag Archives: Recession

Tag Archives: Recession

Goldman Sees Advanced Economies Shrinking 35% Amid Pandemic

Goldman Sachs Logo on exterior of glass building

BLOOMBERG, APRIL 14, 2020 By Jason Clenfield for Bloomberg – Advanced economies will shrink about 35% this quarter from the prior three months, four times as much as the previous record set in 2008 during the financial crisis, according to annualized figures from Goldman Sachs Group Inc. How fast economies will rebound is an open question because nobody knows how quickly people …

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Protests in Hong Kong are killing its economy – “No room for optimism”

PortandTerminal.com, November 8, 2019 Hong Kong slid into recession for the first time in a decade in the third quarter, weighed down by increasingly violent anti-government protests and the protracted U.S.-China trade war HONG KONG – Months of protests in Hong Kong that forced shops to close, paralyzed public transportation and scared off tourists have left the city’s economy in worse shape than feared. …

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