Goldman Sachs says national mask mandate could save US from a 5% hit to GDP

Goldman Sachs found that face masks were associated with "significantly better...

IMF sees deeper global recession as economies struggle to recover from Covid-19

"The Covid-19 pandemic has had a more negative impact on activity in the first half of...

US shocks economists by adding 2.5 million jobs in May as unemployment declines to 13.3%

Economists forecasted that the US lost 7.5 million jobs in May. Instead it added more...

The French economy will shrink 11% this year in a 'brutal' recession

Finance Minister Bruno Le Maire said the French government would avoid taxing households...

Covid-19 could cost the global economy R1.47 quadrillion over 5 years, a study warns

The cost projections are based on 2019 gross domestic product volumes which stood at...

Emerging markets are about to lose their best defence against recession, says expert

By entering the current slump with low interest rates, developing nations "make...

'A taste of things to come': Italian services activity plunges to 11-year low as national lockdown weighs

The survey results indicate an "extremely challenging time for the Italian economy."

Stocks, oil, and bitcoin plunge as US lawmakers fight over coronavirus rescue package

"If affairs start to get out of control, the market sell-off will be profoundly uglier...