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The Pandemic Emergency Purchase Programme (PEPP) was a monetary policy initiative launched by the European Central Bank (ECB) in March 2020 to mitigate the economic impact of the COVID-19 pandemic. Its primary goals were to maintain price stability, ensure favorable financing conditions across the eurozone, and safeguard the transmission of ...
The following table illustrates the impact of the pandemic on key economic measures. February 2020 represented the pre-crisis level for most variables, with the S&P 500 stock market index (a leading indicator) falling from its February 19 peak. From February through June, the number of persons with jobs was down 14.6 million.
Inflation has dropped slightly since then from 4.0% to 3.7% in August, but has been trending back up slowly since June, according to the Bureau of Labor Statistics. The potentially higher costs ...
The Belgian economy exhibited low real GDP growth prior to the onset of the public health crisis caused by the coronavirus pandemic. An already weakened economy, Belgium experienced a contraction of its real GDP during the first half of 2020 with a decline of 2.8% in the first quarter and an 11.4% contraction in the second quarter, [342 ...
The economy will keep going in a "pretty good way" unless there is a policy mistake or exogenous shock, he added, speaking at an event at the Economic Policy Institute, a progressive think tank.
With a partial government shutdown beginning on Sunday looking ever more likely amid an ongoing standoff in Congress, the U.S. Labor Department has advised that all economic data gathering and ...
The sudden economic disruptions caused by the pandemic led to a significant increase in government debt as governments around the world implemented stimulus measures to support their economies. This resulted in a surge in demand for government bonds, pushing bond prices up and yields down. At the same time, the uncertainty and volatility in ...
Now that a government shutdown has been averted -- for now -- the next focus is the potential threat of the U.S. defaulting on its debt, and the impact it can have on interest rates. The Treasury...