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Due to the COVID-19 pandemic, Congress and President Trump enacted the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 18, 2020. The Congressional Budget Office estimated that the budget deficit for fiscal year 2020 would increase to $3.3 trillion or 16% GDP, more than triple that of 2019 and the largest ...
It is likely that the pandemic could result in a prolonged dip in women's incomes and labour force participation. The ILO estimates global unemployment to rise between 5.3 million ("low" scenario) and 24.7 million ("high" scenario) from a base level of 188 million in 2019 as a result of COVID-19's impact on global GDP growth.
Saudi Arabia GDP for 2020 was $734.27B, a 12.44% decline from 2019 which was $838.56B. GDP growth rate in 2019 Q4 was 0.9% and in 2020 Q4 the GDP grew to 1.5% which is an expansion to the economy GDP. Overall, the Saudi Arabian economy had a turbulent year, with high unemployment, and significant GDP contraction amidst the global health crisis ...
The most visible effect of COVID-19 on the U.S. economy showed up in the abrupt rise in the unemployment rate. In February 2020, before the pandemic hit the economy, the U.S. unemployment rate sat ...
Economists have lowered their U.S. Gross Domestic Product forecast for 2021 and 2022, as well as economic growth as a whole, citing "a variant of the coronavirus against which the vaccines may be...
It’s a busy week ahead for the markets. 4th quarter GDP figures, the FED, U.S politics, COVID-19 news, and corporate earnings will be in focus in the week.
As of 2023, the COVID-19 pandemic is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS CoV‑2). Its effect has been broad, affecting general society, the global economy, culture, ecology, politics, and other areas.
The fundamentals of the U.S. economy remain strong in 2019 as evident from solid manufacturing, labor market and consumer confidence data.