Economic outlook

A elderly man wearing a face mask to protect from coronavirus pulls his shopping trolley at Varvakios meat market in Athens, on Tuesday, April 14, 2020. Eating lamb, usually roasted whole on a spit, is traditional for Greek Easter, which is by far the most important religious holiday of the year in this predominantly Orthodox country. Due to lockdown measures taken to prevent the spread of the COVID-19 this year, the government has said traditional family gatherings cannot be held this Easter on Sunday, April 19. (AP Photo/Thanassis Stavrakis)
April 15, 2020 - 1:24 pm
ATHENS, Greece (AP) — Greece raised 2 billion euros ($2.2 billion) Wednesday with a 7-year bond auction, a result the government hailed as confirmation of market confidence during difficult times created by the coronavirus pandemic. Greek Finance Minister Christos Staikouras said the issue carried...
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A masked man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, April 15, 2020. Asian stocks edged lower Wednesday after the International Monetary Fund said the global economy will suffer its worst year since the Great Depression of the 1930s due to the coronavirus pandemic. (AP Photo/Kin Cheung)
April 15, 2020 - 12:06 am
Asian stocks edged lower Wednesday after the International Monetary Fund said the global economy will suffer its worst year since the Great Depression of the 1930s due to the coronavirus pandemic. Benchmarks in Tokyo and Hong Kong were flat while Shanghai and Sydney declined despite Wall Street's...
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Medical workers cheer and acknowledge pedestrians and FDNY firefighters who gathered to applaud them at 7 p.m. outside Brooklyn Hospital Center, Tuesday, April 14, 2020, in New York. (AP Photo/John Minchillo)
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April 14, 2020 - 10:56 pm
WASHINGTON (AP) — Governors around the U.S. began sketching out plans Tuesday to reopen their economies in a slow and methodical process to prevent the coronavirus from rebounding with tragic consequences, as President Donald Trump appeared to back off his claim of absolute authority to determine...
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President Donald Trump speaks during a meeting with people that have recovered from COVID-19, in the Cabinet Room of the White House, Tuesday, April 14, 2020, in Washington. Vice President Mike Pence looks on left. (AP Photo/Evan Vucci)
April 14, 2020 - 3:27 pm
WASHINGTON (AP) — President Donald Trump said Tuesday he's enlisting advisers from business, the medical field and elected office to join a new council that will help shape his plans to reopen the coronavirus-battered economy. The panel will operate separately from the White House task force that’s...
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FILE - In this March 21, 2020 file photo, Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci listens as President Donald Trump speaks during a coronavirus task force briefing at the White House in Washington. (AP Photo/Patrick Semansky)
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April 14, 2020 - 12:55 pm
WASHINGTON (AP) — Dr. Anthony Fauci, the government's top infectious disease expert, said Tuesday the U.S. does not yet have the critical testing and tracing procedures needed to begin reopening the nation's economy, adding a dose of caution to increasingly optimistic projections from the White...
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The buildings of the banking district are seen in Frankfurt, Germany, early Tuesday, April 14, 2020. Due to the coronavirus the economy expects worldwide heavy losses. (AP Photo/Michael Probst)
April 14, 2020 - 9:52 am
WASHINGTON (AP) — Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast. The IMF said Tuesday that it expects the global economy to shrink 3% this year — far...
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FILE - In this Aug. 16, 2019 file photo, the logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange. JPMorgan Chase & Co. reports financial results on Tuesday, April 14, 2020. (AP Photo/Richard Drew, File)
April 14, 2020 - 9:49 am
NEW YORK (AP) — JPMorgan Chase said Tuesday that its first-quarter profit plunged nearly 70%, as the bank was forced to set aside billions of dollars to cover potential losses tied to the coronavirus pandemic. The New York-based bank put $8.29 billion in reserve to cover potentially bad loans, up...
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April 12, 2020 - 2:01 pm
MEXICO CITY (AP) — The new coronavirus pandemic could send economies tumbling by 4.6% this year across Latin America and the Caribbean, forcing governments to take ownership stakes in struggling major businesses, according to a World Bank report issued Sunday. The bank’s Latin America and Caribbean...
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FILE - In this March 18, 2020, file photo, the Washington Monument and the U.S. Capitol are seen in Washington, at sunrise. Congress is considering ways to govern from afar during the coronavirus pandemic. Lawmakers are talking this week about whether it's possible to conduct virtual committee meetings, particularly to oversee how the $2.2 trillion stimulus money is being spent. And they're considering ways to pass virus-related legislation without requiring every lawmaker to be present. (AP Photo/Carolyn Kaster, File)
April 10, 2020 - 2:30 pm
WASHINGTON (AP) — The federal government's budget deficit for the first half of this budget year totaled $743.6 billion, up 7.6% from last year, and well on its way to topping $1 trillion even before the impacts of the coronavirus were felt. The Treasury Department reported Friday that the deficit...
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FILE - In this Feb. 14, 2020 file photo, Kristalina Georgieva, Managing Director of the International Monetary Fund, attends a session on the first day of the Munich Security Conference in Munich, Germany. Georgieva said Friday, March 27, it is clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn. She said the 189-nation lending agency was forecasting a recovery in 2021, saying it could be a “sizable rebound.” But she said this would only occur if nations succeed in containing the coronavirus and limiting the economic damage(AP Photo/Jens Meyer, File)
April 09, 2020 - 3:44 pm
WASHINGTON (AP) — The coronavirus pandemic will push the global economy into the deepest recession since the Great Depression, with the world's poorest countries suffering the most, the head of the International Monetary Fund said Thursday. “We anticipate the worst economic fallout since the Great...
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