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The impacts can be attributed not just to government intervention to contain the virus (including at the Federal and State level), but also to consumer and business behavior to reduce exposure to and spread of the deadly virus. Real GDP contracted in 2020 by 3.5%, the first contraction since the 2008 financial crisis. Millions of workers were ...
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 ...
There hasn't been a government shutdown since 2019 — under the Trump administration. That 35-day budget standoff cost the U.S. economy an estimated $3 billion, according to the Congressional ...
The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been considered to be Europe's economic powerhouse in prior decades, became the worst-performing major economy globally in 2023 with a 0.3% contraction, followed by minimal growth in 2024 leading to ...
People power. Kansans remember the government acknowledging hardship during the COVID-19 pandemic by providing relief checks. This reminds me of Proverbs 19:17: “Whoever is kind to the poor ...
Many families and single consumers are wondering what changes under the Department of Government Efficiency (DOGE) may impact their finances. Billionaire Elon Musk's department was put in place by...
Global Container Freight Index, July 2019 – August 2022. In 2021, as a consequence of the COVID-19 pandemic and, later, the ongoing 2022 Russian invasion of Ukraine, global supply chains and shipments slowed, causing worldwide shortages and affecting consumer patterns.
President-elect Donald Trump has big ideas for government reform that include a new advisory body to be overseen by billionaire Tesla owner Elon Musk and former Republican presidential candidate ...