Concerning Economic Data out of europe the eurozone economy contracted by 3. 8 percent for the 1st quarter of 2020 this marks the biggest drop in g. D. P. For the 19 countries block since 1905 according to the European Statistics Office euro stat the e. U. Economy had expanded by point one percent in the 4th quarter of 2019 and of course contraction is expected as the crow virus pandemic continues to wreak economic havoc but it should be noted that lock downs in the e. U. Did not actually start until early march so you still have 2 months before those lockdowns took place weighing heavily on the economy now looking at some of the largest economies in the bloc france the g. D. P. Felt by 5. 8 percent over the quarter as did spains economy declined by 5. 2 percent now german officials had also announced this week that they expect their g. D. P. To decline by 6. 3 percent for the year overall meanwhile the European Central by. Announced thursday it would keep Interest Rates where they are
As corona virus spreads in the u. S. Its economy is likely to face its worst crisis since the Great Depression and the spillover is expected to inflict long term damage there and around the world so what can be done to reverse the crash and can the Global Economy fully recover this is inside story. Hello and welcome to the program. Its the Worlds Largest economy and has enjoyed record growth but its collapsing the u. S. Economy could be facing its worst recession in decades triggered by coded 1000. 00 measures it shrank by almost 5 percent in the 1st quarter of this year thats the biggest slide since the 2008 financial crisis millions of americans have lost their jobs Consumer Spending has seen its biggest decline in 40 years and many businesses are going bankrupt the u. S. Has pumped more than 2. Trillion dollars into the economy in the past 6 weeks but many economists say this is not enough and the worst is yet to come President Donald Trump says things will bounce back once the viru
The e. U. Economy had expanded by point one percent in the 4th quarter of 2019 and of course contraction is expected as the crow virus pandemic continues to wreak economic havoc but it should be noted that lock downs in the e. U. Did not actually start until early march of 2 months before those lockdowns took place weighing heavily on the economy now looking at some of the largest economies in the block frances g. D. P. Felt by 5. 8 percent over the quarter as did spains economy declined by 5. 2 percent now german officials had also announced this week that they expect their g. D. P. To decline by 6. 3 percent for the year overall meanwhile the European Central bank announced thursday it would keep Interest Rates where they are at 0 but added they will continue stimulus measures until the economy stabilizes. And here in the United States new filing for unemployment reached 3840000 for the week ending the 24th of april now this brings the total number of claims over the last 6. 30000000
In the block frances g. D. P. Fell by 5. 8 percent over the quarter as did spains economy declined by 5. 2 percent now german officials had also announced this week that they expect their g. D. P. To decline by 6. 3 percent for the year overall meanwhile the European Central bank announced thursday it would keep Interest Rates where they are at 0 but added they will continue stimulus measures until the economy stabilizes. And here in the United States new filings for unemployment reached 3400000 for the week ending the 24th of april now this brings the total number of claims over the last 6. 1000000 despite the dismal Economic Data an incredible number of unemployed americans markets are on pace for the best month and decades today of course excluded so lets get some expert analysis on the situation with tobin smith c. E. O. Of transforming research and boom bust cohost christi i thank you both for joining us today now christy weekly weekly jobless numbers are in now as i just mentione
3 go to to succeed in shutting down a. B. s c. B. S. T. V. By the fulfilled leg join us of a special coverage as we look at the possible demise of a media giant and the ramifications for press freedom in the philippines on aljazeera. As corona virus spreads in the u. S. Its economy is likely to face its worst crisis since the Great Depression and the spillover is expected to inflict long term damage there and around the world so what can be done to reverse the crash and can the Global Economy fully recover this is inside story. Hello and welcome to the program im how much im joined its the Worlds Largest economy and has enjoyed record growth but its collapsing the u. S. Economy could be facing its worst recession in decades triggered by coded 1000 measures it shrank by almost 5 percent in the 1st quarter of this year thats the biggest slide since the 2008 financial crisis millions of americans have lost their jobs Consumer Spending has seen its biggest decline in 40 years and many busi