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.

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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.

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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.”.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.”.

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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.

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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.

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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 .

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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

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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%

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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.

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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.

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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.

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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.".

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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

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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.

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PYMNTS

FEBRUARY 6, 2019

trillion, despite threats from a trade war with China and the recent government shutdown. “We We believe the underlying state of the economy is sound,” NRF President and CEO Matthew Shay said in a press release. The biggest priority is to ensure that our economy continues to grow and to avoid self-inflicted wounds.

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PYMNTS

AUGUST 31, 2020

India’s gross domestic product (GDP) fell by 24 percent in the second quarter (Q2) as the pandemic took its toll on the nation’s economy, according to a press release from the Ministry of Statistics & Programme Implementation (MOSPI). In May, India announced a $266 billion stimulus package to help taxpayers and businesses.

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PYMNTS

JUNE 7, 2020

As the coronavirus pandemic unfolds across America, with the country moving toward reopening after months of shutdowns that roiled the economy, many Chuck E. Lenders and bond-holders have been working on a deal to help the company stay out of bankruptcy. Cheese locations haven’t yet reopened.

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