PYMNTS

JANUARY 18, 2019

18) that the shutdown has become a hindrance for the economy, Financial Times reported. With an audience of the New Jersey Bankers Association, Williams noted that policymakers at the Fed had noticed “some emerging headwinds to growth from the partial government shutdown ” in addition to “geopolitical uncertainties.”

Shutdown 49

Shutdown Fed Federal Reserve Economy 49

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.

Shutdown 46

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 Government Governance 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.

Shutdown 52

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.

Shutdown 90

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

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

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 Governance Government 60

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

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 Consumer 60

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

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.

Shutdown 82

Shutdown Economy On-Demand Government 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.

Shutdown 57

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.".

Shutdown 112

Shutdown NOV Adjustments Rules 112

PYMNTS

JULY 30, 2020

economy contracted by almost a third (32.9 economy shrank 5 percent in Q1.). i.e., how much the economy would shrink if conditions observed during Q2 carried on for a year. Let’s check it out: Shutdowns Beget Mass Unemployment . economy added a record 4.8 percent) during the second quarter. percent as the U.S.

Economy 114

Economy Federal Reserve Government Governance 114

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.

Federal Reserve 73

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.

Shutdown 107

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.

Central Bank 76

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.

Shutdown 100

Shutdown On-Demand Economy Product 100

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

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.

Shutdown 92

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? .

Interoperability 126

Interoperability Digital Currency Cross-Border Regulations 126

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

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

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

PYMNTS

JUNE 2, 2020

As a result, some local government have looked at instituting caps on the fees allowed, at least until pandemic shutdowns are eased. COVID-19 shutdowns have increased the demand for meal delivery, with many restaurants otherwise shuttered around the country. However, coronavirus shutdowns have damaged the economy.

Shutdown 56

Shutdown Regulations Caps Economy 56

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 15, 2020

According to Gallagher, the Coronavirus Aid, Relief and Economic Security (CARES) Act, passed for $2 trillion in aid to various parts of the economy, didn’t impose any restrictions on how banks could act in processing the loans, and Congress didn’t rule that businesses could bring civil suits against lenders over those processes.

Shutdown 89

Shutdown Rules Process Economy 89

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

NOVEMBER 20, 2019

In today’s digital economy, clients must scale quickly into new markets to remain competitive,” said Citi Global Head, Payments and Receivables Manish Kohli in a statement. “At government shutdown as a key factor behind a corporate banking slowdown. The Financial Times reported in May that Citi had pointed to the U.S.

Cross-Border 83

Cross-Border Accounts Multi-Currency Reconciliation 83

Payments Source

MAY 13, 2020

retail sales dropped in April by the most in at least a quarter of a century, according to industry figures that outline the impact of the shutdown on stores.

Shutdown 70

Shutdown Economy 70