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[418] [419] The loss was substantially greater than the drop experienced by enterprises during the global financial crisis in 2008 and the European sovereign debt crisis in 2010. [418] [420] The European Investment Bank estimates that corporate investment in the EU could fall by between 31% and 52%, even in more favourable scenarios due to the ...
The reasons AT&T gave for the cancellation was to invest the money into its networks and in taking care of its employees during the pandemic. [71] In response to the economic damage caused by the pandemic, some economists have advocated for financial support from the government for individual Americans and for banks and businesses.
According to Barry Eichengreen, the roots of the financial crisis lay in the deregulation of financial markets. [332] A 2012 OECD study [333] suggest that bank regulation based on the Basel accords encourage unconventional business practices and contributed to or even reinforced the financial crisis. In other cases, laws were changed or ...
The coronavirus pandemic has taken a major hit on the economy and the personal finances of workers across the country. The national unemployment rate was as high as 14.7% in April 2020.
President-Elect Donald Trump's upcoming second term raises critical questions about the impact of his economic policies on Gen Z -- the youngest generation in the U.S. workforce. "Gen Z should ...
The U.S. auto industry was profitable in every year since 1955, except those years following U.S. recessions and involvement in wars. U.S. auto industry profits suffered from 1971 to 1973 during the Vietnam War, during the recession in the late 1970s which impacted auto industry profits from 1981 to 1983, during and after the Gulf War when ...
This increased demand is especially pronounced in large-denomination bills during a banking crisis where confidence in financial institutions decreases; such was the case during the Great Recession where the value notes in circulation of the USD increased by 10.6%, [10] the Euro by 18.8%, [11] while GDP declined by 4.3% and 4.0% respectively. [12]
In the current economic environment, many retailers are struggling. While unemployment remains low and growth in gross domestic product (GDP) has been solid, the past few years of high inflation ...