April 22, 2020
The International Monetary Fund (IMF) has projected that a best-case scenario sees global GDP growth falling to negative 3 percent in 2020 (IMF). Their worst-case scenario, in which the pandemic’s spread does not diminish in the second half of 2020, subtracts an additional 3 percent from GDP growth (IMF). Before the coronavirus pandemic began circulating […]
March 31, 2020
Economists warn that Britain’s economy is facing a coronavirus-induced recession that could mirror the 2008 financial crisis (FT 1). There is vast uncertainty over the depth and timeline of the forecasted recession, but with unemployment surging most economists agree it is unavoidable (FT 1). Britain faced criticism from Devi Sridhar, chair of global public health […]
March 20, 2020
Coronavirus in the U.S. created volatile stock markets with analysts warning that more than half of American jobs are at risk to be lost. The Dow Jones industrial average dropped more than 2,997 points on Monday, marking its largest single-day point drop in history (WP 1). Following the plunge, Treasury Secretary Steve Mnuchin announced a […]
