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The COVID-19 recession was a global economic recession caused by COVID-19 lockdowns. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnation of economic growth and consumer activity, the COVID-19 lockdowns and other precautions taken in early 2020 drove the global economy into crisis.
The COVID-19 pandemic caused far-reaching economic consequences [1] including the COVID-19 recession, the second largest global recession in recent history, [2] decreased business in the services sector during the COVID-19 lockdowns, [3] the 2020 stock market crash (which included the largest single-week stock market decline since the financial ...
On 20 February 2020, stock markets across the world suddenly crashed after growing instability due to the COVID-19 pandemic.It ended on 7 April 2020. Beginning on 13 May 2019, the yield curve on U.S. Treasury securities inverted, [1] and remained so until 11 October 2019, when it reverted to normal. [2]
Before the COVID-19 pandemic hit the U.S., the Fed targeted the federal funds rate, or the rate at which banks lent each other money overnight, at 1.5% to 1.75%.
The worst decline during the Great Recession was 8.4%. In April, the International Monetary Fund (IMF) predicted a 3% drop in global economic growth for 2020, which already would have represented ...
Talk of a recession is growing as coronavirus spreads in the U.S. But the "coronavirus recession" will be nothing like 2008.
As the economic impact of the coronavirus began to be felt, numerous financial news sources warned of the potential cascade of impacts upon the outstanding $10 trillion in corporate debt. [ 64 ] [ 65 ] Between mid-February and early March, investors increased the premium, or additional yield, to hold junk bonds by four times the premium ...
Top news and what to watch in the markets on Monday, August 2, 2021.