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A new report is flashing a warning signal about natural disasters, finding that their total economic damage has intensified in recent years. A shadow ‘financial crisis’ has cost the world $2 ...
A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Just 10 days ago, anxious markets were freaking out about the US economy ...
Americans have been grumpy about the economy for the better part of three years because prices have gone up, and — fairly or unfairly — many consumers have blamed the White House.
The Philippines' real GDP contracted by 0.2% in the first quarter of 2020, the first contraction since the fourth quarter of 1998, a year after the 1997 Asian financial crisis. [332] The economy slipped in technical recession after a 16.5% decline was recorded in the second quarter. [333]
To fuel economic growth, the country set aside hundreds of billions of dollars for major infrastructure projects and used population tracking policies and enforced the stringent lockdown to contain the virus. [303] It is the only major economy that is expected to grow in 2020, according to the International Monetary Fund. [304]
The Emergency Economic Stabilization Act of 2008, also known as the "bank bailout of 2008" or the "Wall Street bailout", was a United States federal law enacted during the Great Recession, which created federal programs to "bail out" failing financial institutions and banks.
The persistent weakness in the housing market is hobbling China’s economic recovery. ... which has accounted for as much as 30% of the economy, fell into crisis more than two years ago after a ...
In his dissent to the majority report of the Financial Crisis Inquiry Commission, conservative American Enterprise Institute fellow Peter J. Wallison [273] stated his belief that the roots of the financial crisis can be traced directly and primarily to affordable housing policies initiated by the United States Department of Housing and Urban ...