Tag: Coronavirus


The True Economic Impact of the World’s Lockdowns

By Lucy Desai In this piece we examine the link between the length of time countries across the world have spent in lockdown and the economic damage. Are lockdowns completely to blame for the contraction of GDP around the globe?…

US Largest Decline

US Personal Spending to Record Largest Decline since 1959

The entire Coronavirus crisis has severely hit economies all over the world. The United States is not an exception. Pandemic pushes US personal spending to record largest decline since 1959. Research by Finbold.com shows that the United States’ personal spending has significantly dropped…


WB Group Increases COVID-19 Response to $14 Billion

To Help Sustain Economies and Protect Jobs, the World Bank Group Increases COVID-19 Response to $14 Billion. The World Bank and IFC’s Boards of Directors approved an increased $14 billion package of fast-track financing to assist companies and countries in…