European authorities will release data on Friday that is widely expected to show another economic downturn over the first three months of the year as the still-raging pandemic has prompted governments to extend lockdowns. Coming a day after the United States disclosed that its economy expanded 1.6 percent over the same period — a robust 6.4 percent annualized rate — the … [Read more...] about Europe’s economy is expected to shrink while the U.S.’s grows.
European Central Bank
America’s Record-Setting Stimulus Could Power a Rebound in Other Countries
Washington’s robust spending in response to the coronavirus crisis is helping to pull the United States out of its sharpest economic slump in decades, funneling trillions of dollars to Americans’ checking accounts and to businesses.Now, the rest of the world is expected to benefit, too.Global forecasters are predicting that the United States and its record-setting stimulus … [Read more...] about America’s Record-Setting Stimulus Could Power a Rebound in Other Countries