PYMNTS

JULY 13, 2020

Before the pandemic hit, the global freelancing economy was expected to experience significant proliferation. Today, while shutdowns have led many businesses to temporarily halt non-essential spending, many in the market actually expect the expansion of the freelancing community to accelerate as a result of market volatility.

Economy 109

Economy Value Added Service Payments On-Demand 109

PYMNTS

NOVEMBER 25, 2020

COVID-19 cases is on the rise, consumer spending in advance of the holiday season is boosting the economy, The Wall Street Journal reported. The economy went into a tailspin in the spring as the coronavirus took hold in the U.S., triggering various lockdowns and business shutdowns across the nation. While the number of U.S.

Economy 57

Economy Consumer NOV Shutdown 57

PYMNTS

MARCH 23, 2020

LendingTree Chief Economist Tendai Kapfidze said, according to Yahoo Finance , “We’re gonna have a shutdown in the housing market because people aren’t out there seeing the houses, and also because generally economic activity is contracting in almost every sector of the economy.”.

Shutdown 60

Shutdown Economy Government Governance 60

PYMNTS

OCTOBER 29, 2020

Outside of the health concerns and personal toll the disease is taking, the new developments are adding rocket fuel to the digital-first economy. The Shutdowns Start Up Again . And as of Wednesday, the EU response to the shutdown is intensifying — both Germany and France announced new nationwide lockdowns.

Economy 90

Economy Shutdown Returns Consumer 90

PYMNTS

SEPTEMBER 4, 2020

As India’s economy has shrunk to its worst level in 40 years in the second quarter (Q2), the nation’s businesses raised $31 billion in equity capital this year, according to global data provider Refinitiv. Reuters reported the record amount of cash stemmed from banks strengthening their balance sheets to prepare for an uncertain economy.

Economy 64

Economy Shutdown Issuers Returns 64

PYMNTS

AUGUST 5, 2020

Morgan Chase shows the economy at a standstill, according to a report by CNBC. The numbers showed a 10 percent decline in spending compared to a year ago, albeit higher numbers as compared to the height of the pandemic’s economic destruction in March and April during the nationwide shutdowns, CNBC reported.

Economy 58

Economy Federal Reserve Shutdown Fed 58

PYMNTS

APRIL 5, 2020

economy, St. His position is that the economy was doing “quite well” before the unprecedented pandemic hit, and that the crisis was wholly manufactured by outside health concerns rather than by any deficiency in the U.S. economy beforehand. economy beforehand. Despite the coronavirus’ rampant shifts to the U.S.

Economy 52

Economy Federal Reserve Fed Shutdown 52

PYMNTS

APRIL 5, 2020

economy since it shuttered about three weeks ago. The analysis looked at counties of all sizes and locations to get an idea of how the government shutdown is affecting the nation’s output. The analysis by Moody’s Analytics was done at the request of the WSJ and offers a deep dive into the U.S.

Economy 72

Economy Shutdown Governance Government 72

PYMNTS

OCTOBER 28, 2020

The sudden spike and the possibility of hospitals being overwhelmed means Swiss officials will soon announce new national measures to curb the infection, and they’re under extreme pressure from doctors to impose a strict national shutdown. European shutdown measures have led to protests and even small riots in Italy.

Economy 71

Economy Shutdown Returns Governance 71

PYMNTS

OCTOBER 1, 2020

Showfields was faced with either closing its operation or changing its business model to shift its business online during the statewide shutdown. Three weeks following the declared shutdown, Showfields began streaming live video shopping sessions on its new website. Merging Physical and Digital Commerce for Reopening.

Economy 60

Economy Shutdown On-Demand Product 60

PYMNTS

DECEMBER 24, 2020

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. The numbers speak for themselves. Having the data to serve them, the know-how to reach them across platforms and the products that they are looking for all come from that connection.

Economy 118

Economy Consumer On-Demand Shutdown 118

PYMNTS

JUNE 10, 2020

When India moved to formally shut its economy down by closing workplaces and other public spots over COVID-19, over 120 million Indians lost their jobs. report noted that some 70 percent of working women are employed in the informal economy “with few protections against dismissal or for paid sick leave and limited access to social protection.

Shutdown 57

Shutdown Economy Participant Risk 57

Payments Source

APRIL 28, 2020

While the entire economy will slow due to stay-in-place orders and temporary economic shutdowns, payments fintech is expected to fare much better than other investment sectors due to these trends.

Shutdown 90

Shutdown Economy FinTech Payments 90

PYMNTS

NOVEMBER 24, 2020

With restaurant dining rooms closed and Americans forced to rely on their own abilities as home chefs over the last eight months, meal kits have caught a second wind in the pandemic economy. Grocery retailers and restaurants hit hard by the pandemic have also looked to meal kits as a potential business to pursue during the shutdowns.

Economy 85

Economy On-Demand Shutdown Consumer 85

PYMNTS

JULY 3, 2020

Small- and medium-sized businesses have been hit hard by the pandemic, but most are scrambling into digital pivots to blunt the impact of physical stores’ shutdowns, Colleen Taylor , executive vice president and head of merchant services at Wells Fargo , told Karen Webster during a recent conversation. economy will make it through.

Economy 98

Economy Push-to-Card Small Business Shutdown 98

PYMNTS

FEBRUARY 12, 2020

The annual event generally brings 100,000 visitors to Barcelona, and its sudden cancellation will reportedly cost the Spanish economy roughly $500 million. MWC is the latest bite that COVID-19 has taken out of the global economy, but it isn’t the first and, more likely than not, will not be the last. 24 through Feb.

Economy 57

Economy Small Business On-Demand Shutdown 57

PYMNTS

MAY 8, 2020

I think when we’re in a position where we’re struggling as an economy and as a community, leaning on each other and helping each other is the best way to pay it forward and pay it back,” Cohen said.

Economy 74

Economy Security Fraud Prevention Shutdown 74

PYMNTS

NOVEMBER 2, 2020

Concerns are growing that given the international surge in cases, shutdowns starting up in the U.K. “We want to be in a position where we can — and I believe that this is likely to be the case — have an approach where if we bring down the rate of infection sufficiently, we can reduce measures nationally and also reduce measures regionally.”.

Shutdown 52

Shutdown Consumer Government Governance 52

PYMNTS

MAY 4, 2020

economy since governors began asking their citizens to #stayathome in mid-March, and even well before that. Over the last two weeks, consumers have added 47 days to how long they think it will take for them to return to normal, and when they think the economy will truly reopen. Most aren’t in much of a rush.

Economy 83

Economy Consumer Risk Returns 83

PYMNTS

NOVEMBER 1, 2020

Amazon is suspending advertising related to pre-Black Friday campaigns in France after coming under fire from at least one government official who said it was unfair for the online giant to flex its digital retail muscle just as a new pandemic shutdown forces small shops and restaurants to close, Reuters reported.

Shutdown 82

Shutdown Economy On-Demand Governance 82

PYMNTS

JULY 15, 2020

will likely dampen the economy as well, Reuters reported. Brainard said the economy’s apparent well-being in June was mostly artificial, stemming from the efforts from the government such as the CARES Act to keep the economy afloat during the lockdown period. Harker said the impact could be twofold in its damage.

Federal Reserve 73

Federal Reserve Shutdown Economy Fed 73

PYMNTS

MAY 8, 2020

For the last several weeks speculation has run rampant on what the real effects of the COVID-19 pandemic and resultant shutdown would end up being by the numbers when the Q1 earnings officially hit the wires. Airbnb and the Gig Economy .

Economy 75

Economy PayPal Payments Push-to-Card 75

PYMNTS

JULY 1, 2020

In terms of percentage losses, Jamaica is expected to take the biggest hit, with an 11 percent decline in gross domestic product (GDP) from the shutdown of the international tourism trade, followed by Thailand with a 9 percent decline in GDP, Croatia at an 8 percent decline and Portugal, expected to take a 6 percent hit. billion), Spain ($44.1

Shutdown 67

Shutdown Economy Product 67

PYMNTS

SEPTEMBER 20, 2020

While trade is still below pre-pandemic levels, it recouped about half of this year’s historic loss by June, according to the Kiel Institute for the World Economy, an independent, nonprofit economic think tank based in Kiel, Germany, per the report. It is on track to be the only major economy to grow this year, researchers said.

Economy 95

Economy Shutdown Volume Research 95

PYMNTS

JANUARY 23, 2019

The economic slowdown that has been flagged this week by the International Monetary Fund (IMF) is one that may be sparked in part by a no-deal Brexit , and fanned by a consistently slowing Chinese economy. The IMF has pointed toward the struggles of emerging economies that borrowed when rates were low, right off the Great Recession.

Economy 48

Economy Push-to-Card Shutdown Governance 48

PYMNTS

MARCH 24, 2020

retailers that don’t want to pay rent in full due to the coronavirus ‘ effects on the country’s economy, Bloomberg reported, which could set up a brawl with landlords and officials in the coming weeks as the first of the month approaches. Mattress Firm and Subway are among the major U.S.

Shutdown 40

Shutdown Addressing Disputes Mitigation 40

PYMNTS

JUNE 25, 2020

In fact, for some people, the pandemic’s shutdown of the economy and normal life for several months provided time to breathe, with less stress from transportation or having to leave the house for work. That decline was matched by Gen Z respondents. But finances are a particular point of concern for both generations.

Shutdown 67

Shutdown Economy Finance Consumer 67

PYMNTS

JULY 1, 2020

In terms of percentage losses, Jamaica is expected to take the biggest hit, with an 11 percent decline in gross domestic product (GDP) from the shutdown of the international tourism trade, followed by Thailand with a 9 percent decline in GDP, Croatia at an 8 percent decline and Portugal, expected to take a 6 percent hit. billion), Spain ($44.1

Shutdown 52

Shutdown Economy Product 52

PYMNTS

SEPTEMBER 21, 2020

And nearly a quarter of SMBs (24 percent) report their financial situation has improved since COVID-19’s dark early days when widespread shutdowns were taking effect. economy hit another round of shutdowns as summer gives way to fall and colder temperatures sweep the country. But the good news comes with a few caveats.

Consumer 111

Consumer Shutdown Risk Economy 111

PYMNTS

MAY 7, 2020

They’re looking for value due to the severe economic hit many have taken from the shutdown. Consumers also want to feel safe from disease and possible infection due to the health crisis. And they are rethinking some of their former spending priorities, both now and going forward.

Consumer 61

Consumer Economy On-Demand Shutdown 61

PYMNTS

DECEMBER 23, 2020

Certain banks catering to small businesses will also continue to receive government support in the wake of a massive shutdown earlier this year due to the COVID-19 pandemic. China’s economy returned to growth in the second quarter and is now the only leading economy to show significant growth in 2020, with GDP growing 0.7%

Economy 69

Economy Returns Shutdown Small Business 69

PYMNTS

APRIL 29, 2020

A new study reveals that government-imposed shutdowns and social distancing could cut the economic impact of COVID-19 in half. Without any social distancing, the workforce would be highly impacted, and the economy would contract by as much as 30 percent per month as their industries bore the brunt of the virus, the study found.

Shutdown 54

Shutdown Federal Reserve Economy Research 54

PYMNTS

APRIL 27, 2020

It’s that day that several states, and now the federal government, have set as an unofficial day to begin reopening the economy. Friday, May 1 is shaping up as one of retail’s most important days since the COVID-19 crisis went down. The pressure on cash-strapped retailers is intense and potentially consequential.

Shutdown 77

Shutdown Economy On-Demand Consumer 77

PYMNTS

NOVEMBER 30, 2020

Census Bureau data indicating a seasonally adjusted decline in restaurant sales in October — the first slippage since the industry began to claw its way back from the damage inflicted by the first wave of shutdowns. are too commonly labeled as 'super-spreaders,' and have become a convenient scapegoat for reflexive shutdowns.".

Shutdown 112

Shutdown NOV Adjustments Rules 112

PYMNTS

DECEMBER 27, 2018

27) that the economy on a global basis is headed for a slowdown next year. Reuters, citing the European Central Bank’s regular economic bulletin, reported the European Central Bank said the global economy will stabilize after a slowdown in 2019. economy still showing signs of strength.

Central Bank 76

Central Bank Small Business Shutdown Economy 76

PYMNTS

JUNE 12, 2020

In a statement, Richard Curtin , chief economist and director of the University of Michigan survey, attributed the rise to last week’s surprising jobs report and to moves by states to reopen the economy after the coronavirus shutdown this spring. Bureau of Labor Statistics last week reported the U.S. had regained 2.5

Consumer 58

Consumer Economy Shutdown Posting 58

PYMNTS

FEBRUARY 28, 2019

economy slowed to an annual rate of 2.6 In the third quarter, the economy grew 3.4 Also hurting economic growth was a pullback in consumer spending due to concerns about a trade war with China and a government shutdown that was the longest in modern history. economy logged growth of 2.9 For all of 2018, the U.S.

Shutdown 43

Shutdown Economy Government Governance 43