The number of people living in poverty in the world could increase, in comparison to the status quo in 2018, by between 85–135 million under a 5 percent contraction, by between 180–280 million under a 10 percent contraction, and, startlingly, between 420–580 million people under a per capita income or consumption contraction of 20 percent. …
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2020 is -52.8 percent on June 1, down from -51.2 percent on May 29. After this morning’s Manufacturing ISM Report On Business from the Institute for Supply Management and the construction spending report from the U.S. Census Bureau, …
The National Federation of Independent Business (NFIB) is the largest small business association. Small Employers are in crisis and half will have to shut down in less than 2 months without help. Small businesses are half of America’s economy and account for nearly half of America’s jobs. Brad Close, president of the National Federation of …
The IMF has a baseline scenario of -3% world GDP. There is extreme uncertainty around the duration and intensity of the health crisis. They also explore alternative, more adverse scenarios. The pandemic may not recede in the second half of this year, leading to longer durations of containment, worsening financial conditions, and further breakdowns of …
The World is projected to have over $9 trillion in economic losses from the Great Lockdown. This assumes a relatively prompt and successful reopening of the world economy. The Second quarter could see the US and other major economies with up to -40% GDP growth. China’s GDP was negative in the first quarter this year. …
Retail banking is undergoing something of a revolution. Taking advantage of the fact that traditional banks haven’t changed much over the years, so-called challenger banks and payment firms are starting to capture market share from the younger generation. Although most big banks offer online portals, these are often based on legacy technologies that make them …
The Nasdaq has a new record high. Global Growth has slowed the last two or three years but global fund managers are seeing a bottoming in global growth. Fedex reports that they project an increase in economic growth in China in the second half of 2020. Moody’s forecasts India’s GDP growth in Fiscal 2020 at …
Small and medium-sized businesses (SMEs) form the backbone of the US economy. In this expose we take a look at some fascinating insights into small businesses and the resources that make them work. The United States is home to an estimated 30.2 million SMBs (Small and Medium Sized Businesses). The world’s biggest economy ranks as …
It seems likely that the UK election will hand Boris Johnson and his Conservatives a majority. This would mean a Brexit where the UK leaves the EU by the end of 2020. At the end of 2019: The US economy is $21.8 trillion, the EU is at $19 trillion and China-HK-Macau is at about $14.6 …
There is a relatively common belief and idea that we are in an age of accelerating technology. Technology is advancing and there is a good chance that various super-technology will be developed over the next 80 years. The story of technology and the world is more than just the number of cars and different technologies …
The 2019 UN Emission Gap report indicates that global emissions must drop 7.6 percent per year from 2020 to 2030 for the 1.5°C goal and 2.7 percent per year for the 2°C goal. The UN report says a 30 billion ton CO2 equivalent cut by 2030 is needed to reach the 1.5 degree target. However, …