U.S. leading economic indicators register sharpest decline on record
The numbers: The collapse of the U.S. economy because of COVID-19 is becoming more evident by the day, the latest sign a record 6.7% decline in the leading economic indicators in March.
The decline is all but certain to be even worse in April — probably a lot worse. The economy only started shutting down in the second half of March as the states and federal government ramped up efforts to slow the spread of the coronavirus.What happened: The leading economic index showed deterioration in the economy across the board, the Conference Board said Friday.
Big picture: The U.S. economy is hurting badly, as is the rest of the world, a global recession is already here. How long it last and how much worse it gets depends on whether nations succeed in slowing the spread of the virus.President Trump on Thursday offered guidelines on how the economy can reopen, but it’s going to months if not longer before things start to show any semblance of normality.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gupta: Federal guidance, Singapore-developed tech needed to fight COVID-19“What we need is creative thinking,' VinGuptaMD says of U.S. issues with testing for COVID-19. 'There are ways to get around these bottlenecks, we just have to have federal guidance.”
Read more »
A desperate scramble as COVID-19 families vie for access to plasma therapyEven as efforts ramp up to collect blood plasma from the first survivors of coronavirus, chances of procuring treatment appear to depend on geography, social-media savvy, and the willingness of physicians.
Read more »
A New Frontier for Self-Love—And Sex Toys—in the Time of COVID-19With an uptick in conversation around female desire and a boom in female-led sex tech companies, one Vogue writer explores self-love in the time of COVID-19.
Read more »
Meet 3 small business owners creatively trying to survive in COVID-19 economySalons, restaurants, florists, fitness instructors and more are adjusting to the new realities of the coronavirus economy, bringing parts of their business online, connecting with communities directly on social media, or launching creative side hustles.
Read more »