Vox EU: “Covid Economics”: A new kind of publication. “From early March, it became clear that economists around the world, like everyone else, were mesmerised by the Covid-19 pandemic and trying to make sense of the unfolding events. This column describes how the tradition of pre-prints in physics and the medical sciences inspired the creation […]
BBC: Canada unveils largest economic relief package since WW2. “Canada’s federal government will spend C$100bn ($77bn, £58bn) to kick start the country’s post-pandemic economy. It is ‘the largest economic relief package for our country since the Second World War’, Finance Minister Chrystia Freeland said on Monday.”
Opportunity Insight: The Economic Impacts of COVID-19: Evidence from a New Public Database Built Using Private Sector Data. “We build a publicly available database that tracks economic activity at a granular level in real time using anonymized data from private companies. We report daily statistics on consumer spending, business revenues, employment rates, and other key […]
American Economic Association: Epidemiology’s Time of Need: COVID-19 Calls for Epidemic-Related Economics. “The COVID-19 pandemic has catapulted scientific conversations and scientific divisions into the public consciousness. Epidemiology and economics have long operated in distinct silos, but the COVID-19 pandemic presents a complex and cross-disciplinary problem that impacts all facets of society. Many economists have recognized […]
CNN: Retail sales grew less than expected in October, as economists worry about a ‘difficult winter’. “US retail sales grew at a slower pace than economists had predicted last month — prompting worries about a ‘difficult winter’ with lower consumer spending before a recovery next year. Retail sales increased by 0.3% to $553.3 billion on […]
BBC: Vietnam economy is Asia’s shining star during Covid. “Vietnam has minimised the economic damage from Covid-19 and is the only country in South East Asia on track for growth this year. Its economy is expected to grow 2.4% this year, according to latest figures from the International Monetary Fund.”
Washington Post: Raging virus triggers new shutdown orders and economy braces for fresh wave of pain. “The uncontrolled coronavirus outbreak is prompting government officials across the nation to impose new restrictions on consumers and businesses, sapping the economy’s momentum and delaying the recovery of millions of jobs lost during the recession. Washington’s failure to provide […]
BuzzFeed News: People Have Nothing Left — Literally $0 — Because Of The Pandemic. “When 2020 began, C. Adams started a new job at an engineering firm that paid $65,000. He had already downsized to a three-bedroom home in Georgia to help save for his two teenage daughters’ college funds. Expenses were manageable. When the […]
Reuters: Analysis: As COVID persists and U.S. election nears, China growth lifts Asia. “Asia is starting to see signs of economic recovery as it rides on the back of an upturn in China, which is entering a new expansion phase less than a year after it recorded the world’s first cases of COVID-19.”
EurekAlert: Relieving the cost of COVID-19 by Parrondo’s paradox. “The health and well-being of the population will be affected if the community is kept open, but the lockdown strategy also incurs economic and financial impacts. Each strategy on its own will increase the total ‘cost’ to society. Can both losing strategies be combined in a […]
ZDNet: Open-source use goes up while the economy goes down. “This is pretty simple really. Open source works, and it’s cheap. And when the Main Street economy is going rotten, smart businesses turn to open source. Tidelift, a major commercial support, and maintenance company for community-led open-source, found the proof for this idea in its […]
BBC: China’s economy continues to bounce back from virus slump. “China’s economy continues its recovery from the Covid-19 pandemic according to its latest official figures. The world’s second-biggest economy saw growth of 4.9% between July and September, compared to the same quarter last year. However, the figure is lower than the 5.2% expected by economists.”
Washington Post: U.S. budget deficit breached $3.1 trillion in 2020 as pandemic slammed economy. “The U.S. budget deficit eclipsed $3.1 trillion in the fiscal year that ended Sept. 30, according to government data released Friday, by far the biggest one-year gap in U.S. history. The data are a stark reflection of the staggering blow that […]
Reuters: U.S. economy contracts at 31.4% annualized rate in second quarter “Gross domestic product plunged at a 31.4% annualized rate last quarter, the deepest drop in output since the government started keeping records in 1947, the Commerce Department said in its third estimate of GDP.”
Washington Post: Top CEOs call for ‘major’ coronavirus stimulus to keep economy from backsliding. “Roughly 1 in 4 chief executives of some of the nation’s largest companies say their businesses have recovered or will have by year end, despite the lingering ill effects of the coronavirus recession, according to a survey. But the economy remains […]