Manufacturing beating pre pandemic output, leading Canada out of recession: report
(CP) TORONTO – Manufacturing is leading the Canadian economy…
Freeland says aid needed as central bank targets 2022 for recovery
Unprecedented amounts spent in record time to limit the economic damage wrought by COVID-19.
Business economists see coronavirus as biggest risk: US survey
The panel expects 2020 GDP to decline 4.3%, first full-year contraction since a 2.5% fall in 2009 as recession ended.
Truckers’ fears of US pandemic trip up sector in recession
Absence of big-rig drivers has thrown up an additional barrier to fleets scrambling to meet demand for essential goods.
EU forecasts ‘recession of historic proportions’ this year
The pandemic is expected to cause the deepest recession in living memory
C.D. Howe’s Business Cycle Council says we’re in a recession
Economy peaked in February before the steps taken to slow the spread of the coronavirus brought it to a standstill.
European economies on course for unprecedented recession
The scale of the decline in business activity staggering, lends urgency to discussions about a rescue support package.
How do we know when we’re in a recession? Find out May 1
C.D. Howe Institute’s Business Cycle Council waiting on February growth numbers from Statistics Canada.
Canada to avoid technical recession despite hit: Conference Board
Forecast of 0.3% economic growth in 2020 followed by a rebound to 2.5% in 2021.
Federal finances are on the razor’s edge
Government can’t continue to ignore the warning signs of a slowing economy.
Manufacturer group warns of gathering economic storm
A slowdown is coming as Canada is woefully unprepared to weather its first recession in over a decade.
Brexit escalation raises alarm for ailing European economy
Economists describe a nightmarish setting for companies.
Trump flip flops on tax cuts, citing ‘strong economy’
But acknowledges his China trade policies may mean economic pain for Americans.
Trump acknowledges China policies may mean US economic pain
Tariffs have been a drag on US manufacturers, financial markets and American consumers.
White House insists ‘fundamentals’ of US economy are strong
…but a new survey shows a majority of economists expect a downturn to hit by 2021 at the latest.
34% of economists in survey expect a US recession in 2021
They have previously expressed concern Trump’s tariffs, higher budget deficits could dampen the economy.
Trump economic adviser dismisses fears of looming recession
Kudlow says consumers are seeing higher wages and are able to spend and save more.
China trade war escalation threatens US economy with recession
Uncertainty leads companies to postpone plans to invest, expand and hire, trends that can trigger a severe economic downturn.
Trump’s tariffs could blot out positive economic story
…and he might suffer politically if the tariffs hurt US farmers, manufacturers and consumers.
Budget watchdog says no deal Brexit will spur UK recession
Forecasts heightened uncertainty and declining confidence detering investment, higher trade barriers with the EU.
‘Fog of Brexit’ means UK could enter recession this year
British economy is set to grow at its slowest rate since the global financial crisis.
Liberals write off $6.3B in loans, including $2.6B to automaker
Key to the jump was a writeoff that was part of a financing package to keep automaker Chrysler afloat during the recession.
Charles Koch warns Trump trade war could trigger recession
Said in a rare question-and-answer session that “protectionism at any level” is “detrimental.”