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Coronavirus Economic Weekly News 18April 2021


Coronavirus Economic Weekly News 18April 2021
News posted last week about economic effects related to the coronavirus 2019-nCoV (aka SARS-CoV-2), which produces COVID-19 disease, has been surveyed and some articles are summarized here. We cover the latest economic data, especially the new coronavirus relief bill and stimulus checks, government funding, the latest employment data, housing market reports, mortgage delinquencies & forbearance, layoffs, lockdowns, and schools, as well as GDP. The bulk of the news is from the U.S., with a few more articles from overseas at the end. (Picture below is morning rush hour in downtown Chicago, 20 March 2020.) News items about epidemiology and other medical news for the virus are reported in a companion article. ....

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March 2021 ISM-New York Report on Business: One Year Later


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NEW YORK, April 5, 2021 /PRNewswire/ In March, New York City purchasing managers reported directional optimism one year after the effects of the COVID-19 pandemic first materialized in this Report, according to the survey taken by the Institute for Supply Management-New York.
While we first saw the COVID-19 pandemic hit the Report in March of 2020, the worst effects would be felt one month later, with the long, slow climb back starting in May, said Kelly Barner, ISM-New York s Business Survey Chair and Owner of Buyers Meeting Point.
New York Metro
Current Business Conditions saw a small increase over February, rising from a 9-month low of 35.5 to 37.2 in March. In March of 2020, this index was at 12.9, reflecting a 39-point drop in one month, but not yet at the lowest level that would be reported during the pandemic.  ....

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