PYMNTS

JANUARY 30, 2020

Data indicate that the three biggest economies in the eurozone, France, Germany, and Italy, all report higher-than-expected consumer morale as shoppers continue to open their wallets and spend to support expanding a strong overall economy. In Italy, consumer confidence in January 2020 grew to 111.8 from 110.8 in December of last year.

Economy 56

Economy Consumer Shutdown Central Bank 56

PYMNTS

JANUARY 29, 2019

A new report says that the government shutdown has cost the country about $11 billion in gross domestic product, and will impact the United States’ economic growth for the rest of the year. Earlier this month, Federal Reserve Chairman Jay Powell warned that an extended government shutdown could be damaging to the U.S.

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Shutdown Federal Reserve Economy Fed 46

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

AUGUST 20, 2020

The shutdowns and fears of the virus caused India’s gross domestic product (GDP) to fall by around 20 percent in the quarter ending in June as opposed to last year. The shutdowns hit Indian women especially hard in the economic department, offsetting years of gains made for women in employment in the country.

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Shutdown Consumer Economy Returns 52

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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Shutdown Economy FinTech Payments 90

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

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 Government 71

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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Shutdown Economy Governance Government 60

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

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

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

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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Economy Consumer NOV Shutdown 57

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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Economy Federal Reserve Fed Shutdown 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

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

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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Consumer Shutdown Risk Economy 111

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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Economy Shutdown Volume Research 95

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 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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Shutdown Economy On-Demand Governance 82

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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Shutdown Economy Participant Risk 57

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

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 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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Federal Reserve Shutdown Economy Fed 73

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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Shutdown Payments Breach Laws 107

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

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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Central Bank Small Business Shutdown Economy 76

PYMNTS

APRIL 9, 2020

In that case, the economy could rebound by around 23 percent in the third quarter and another 13 percent in the fourth, with a 10 percent decline in the first quarter. ” In general, economists have not been able to fully calculate the eventual effects of the pandemic and the shutdown.

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Shutdown On-Demand Economy Product 100

PYMNTS

DECEMBER 16, 2020

Main Street SMBs across the board are fairly optimistic about the return to normal in the economy – largely premised, it seems, on the recent news of vaccine development. Another quarter plan to borrow more money to keep their businesses afloat in the event of shutdowns. SMBs Have Remade Themselves Digitally .

On-Demand 112

On-Demand Shutdown Returns Economy 112

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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Shutdown Economy Product 67

PYMNTS

JUNE 29, 2020

As COVID-19 forced the shutdown of the nation’s economy, the share of the population employed fell from a high of 61 percent at the start of the year. The massive job losses mean the economy isn’t out of the woods yet.”. The employment-population ratio, the number of employed people as a percentage of the U.S.

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Shutdown Economy Payroll Continuity 92

PYMNTS

AUGUST 4, 2020

What Visa witnessed worldwide within the pandemic’s first 60 days of shutdown was SMBs embracing new channels during “that really critical time,” he said. But Phalen said that what is surprising is how good SMB owners worldwide are feeling as they come out of mandated shutdowns and more or less get back to business.

Small Business 126

Small Business Shutdown Point-of-Sale (POS) Contactless Payments 126

PYMNTS

OCTOBER 21, 2020

The pandemic has shifted priorities in regulatory policy tied to the financial services industry — and for Europe, it is heralding the emergence of a data-driven economy. The trends toward modernizing the banking system were only accelerated by lockdowns and shutdowns of brick-and-mortar locations. “If Ready for Digital Currencies? .

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Interoperability Digital Currency Cross-Border Regulations 126

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

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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Shutdown Economy Finance Consumer 67

PYMNTS

MAY 4, 2020

said they have had their credit limit slashed or their card closed in the past month as lenders move to minimize their risk amid the COVID-19 shutdown, a new study revealed. Nearly 50 million credit card customers in the U.S.

Credit Limit 97

Credit Limit Credit Cards Card Issuer Shutdown 97

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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Shutdown Consumer Governance Government 52

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 Government 48