Thursday, April 30, 2020

Hard times require good economics: The economic impact of COVID-19 in the Western Balkans

Publisher: Brookings
Date: 2020-04-29T21:09:53 00:00
Author: Linda Van Gelder Gallina A Vincelette Marc Tobias Schiffbauer and Edith Kikoni
Twitter: @BrookingsInst
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Quite a lot has been going on:

Economic data, commodities and markets | Economic and financial indicators | The Economist

This article appeared in the Economic and financial indicators section of the print edition under the headline "Economic data, commodities and markets"

Publisher: The Economist
Twitter: @TheEconomist
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'Undercounting the Economic Pain' Even as Jobless Ranks Soar - The New York Times

Despite trillions in stimulus spending and a rush to reopen shuttered businesses in some states, the American economy continues to stagger under the weight of the coronavirus pandemic, with another 3.8 million workers filing for unemployment benefits last week.

The figures announced Thursday by the Labor Department bring the number of workers joining the official jobless ranks in the last six weeks to more than 30 million, and underscore just how dire economic conditions remain.

Date: 2020-04-30T12:47:23.000Z
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Home financing 'hit a perfect storm' with virus and the economic downturn - The Washington Post

Despite the challenge of the coronavirus , Ashlynn White, a 22-year-old management trainee with Mountaire Farms of Delaware, will soon become a first-time homeowner.

"My $1,400 rent is higher than a mortgage payment would be," says White. "I contacted a lender even before I started my first job just to see whether I could qualify based on my projected salary."

White says she anticipates closing on a newly built single-family house in Worcester County, Md., at the end of May.

Publisher: Washington Post
Date: 2020-04-30T10:34:10.542Z
Twitter: @WashingtonPost
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Quite a lot has been going on:

Interim Report – The Dasgupta Review: Independent Review on the Economics of Biodiversity

Interim Report of the independent Review on the Economics of Biodiversity led by Professor Sir Partha Dasgupta.

* * *

The independent Review will explore the sustainability of our engagements with Nature – what we take from it; how we transform what we take from it and return to it; why we have disrupted Nature's processes; and what we must urgently do differently to enhance our collective wealth and well-being, and that of our descendants.

Publisher: GOV.UK
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Wall Street pulls back as dismal economic data piles higher | National | heraldmailmedia.com

Wall Street pulled back on Thursday after more reports made clear the worldwide devastation the coronavirus outbreak is causing for the economy.

In the United States, another 3.8 million workers filed for unemployment benefits last week as layoffs continue to hammer the country. In Europe, the region's economy crumpled by the sharpest degree in at least 25 years.

The dour figures helped drive most U.S. stocks to losses, and the S&P 500 was down 1.3% at one point, though it quickly halved the loss on strength for Facebook and a handful of other big companies that reported encouraging results. Treasury yields were also lower, while European stocks fell more sharply, slamming the brakes on a strong rally that had circled the world a day earlier.

Publisher: Herald-Mail Media
Author: STAN CHOE AP Business Writer
Twitter: @HeraldMailNews
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Bloomberg - Are you a robot?
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Data shows low-key European economic revival - Chinadaily.com.cn

Countries across Europe are making a gradual return to economic activity as novel coronavirus measures are relaxed, data has revealed, but a full-scale return to business still looks distant.

Italy and Spain, two of the worst-affected countries, and also Germany have been among the first countries to ease the rules and allow some commercial premises and workplaces to reopen, and France will begin the process early in May.

Although figures for economic consumption are not yet available, indicators such as travel data and energy consumption show that there are definite changes in behavior.

Author: 代艳
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