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IMF: Global Economy Will Suffer Worst Year Since Depression

WASHINGTON — 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 world has been put in a great lockdown. Thi...

Macy’s Stops Paying Employees as Job Cuts Pile Up

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Monday related to the global economy, the work place and the spread of the virus. ...
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Business Fallout: Nike Cites Jump in Online Sales in China

The rapid spread of the coronavirus since it was first reported in China has dealt an unprecedented shock to the global economy. Here's a look at developments from Tuesday as central banks, businesses and workers attempt to navigate a global outbreak that has ...
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Fed Chairman Signals That Rate Cut Could Happen Soon

WASHINGTON — Chairman Jerome Powell signaled Wednesday that the Federal Reserve is likely to cut interest rates late this month for the first time in a decade in light of a weakening global economy and rising trade tensions. Powell said that since Fed offic...
America First economics

‘America First’ May Have Unintended Consequences

Have we seen the peak of globalization? Are we entering a new paradigm of increased protectionism under President Trump's "America First" economic policies? According to an article recently published in the Barclays investment blog, these questions cannot y...