Analysts around the world slashed their 2020 economic forecasts as the coronavirus continued to spread beyond China and weak Asian data offered an early hint at the infection's cost to business.
One major multinational group warned global growth could be cut in half if the infection spreads widely.
The Organization for Economic Cooperation and Development said that if the outbreak sweeps through the Asia-Pacific region, Europe and North America, global growth could fall to just 1.5 percent in 2020, far less than the 3 percent it projected before the virus surfaced.
And here's another article:
Top economist Ed Hyman sees zero US growth next two quarters
Ed Hyman, a widely followed economist on Wall Street, said the coronavirus outbreak could end up causing a recession in the U.S. and slashed his U.S. GDP forecast to zero growth in the second and third quarters of this year
"More cases are showing up in the U.S. and seem likely to be just the start," the Evercore ISI Chairman said in his note titled, "U.S. Virus 'Recession'" on Sunday. "Scope, severity, and duration are uncertain. How much it changes behavior in the U.S. is uncertain."
Why Enterprise Blockchains Fail: No Economic Incentives - CoinDesk
Stephanie Hurder, a CoinDesk columnist, is a Founding Economist at Prysm Group , an economic advisory focused on the implementation of emerging technologies, and an academic contributor to the World Economic Forum. She has a PhD in Business Economics from Harvard.
Is enterprise blockchain over? Not necessarily. Blockchain is hardly the first emerging technology to struggle to move from inflated expectations to reliable commercial viability. But, if it is to have any chance of delivering on its initial promise, the approach that teams take when designing and launching products needs to change.
Jim Andrews: Working toward an ecologically sustainable economic system - VTDigger
Editor’s note: This commentary is by Jim Andrews, a conservation herpetologist from Salisbury, who has been working in Vermont for over 40 years. He coordinates the Vermont Reptile and Amphibian Atlas and have been doing ecological research and teaching part-time at a variety of institutions including the University of Vermont and Middlebury College.
The Salisbury Conservation Commission recently sponsored a talk entitled “Infinite Economic Growth and other Fairytales that Destroy Ecologies and Communities” by ecological economist Dr. Jon Erickson of the Gund Institute at UVM. A video of the presentation will be available on Middlebury Community Television and via Better (not bigger) Vermont.
Check out this next:
Newsletter: Coronavirus Taking a Toll on Global Economy - Real Time Economics - WSJ
This is the web version of the WSJ's newsletter on the economy. You can sign up for daily delivery here. Global stocks rebounded, the yield on benchmark 10-year U.S. Treasurys briefly fell close to 1% and investors bet that central banks and governments will take steps to shield economic growth from the coronavirus. Good morning. […]
U.S. bank lobby economist predicts global rate cut coming ...
WASHINGTON (Reuters) - Investors battered by the breathtaking drop in global stock markets on coronavirus fears are ever more convinced the world’s big central banks, including the Federal Reserve, will soon step in to try to quell the storm.
Against that, the top economist for the U.S. bank lobby - a former Fed insider - issued a remarkably specific prediction on Sunday that the rescue is nigh.
** It will happen this Wednesday, March 4. Nelson noted that the previous big coordinated actions in December 2007, October 2008 and November 2011 all occurred on a Wednesday.
Bloomberg - Are you a robot?
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