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US economy

Iranpress: White House advisor warns second-quarter US GDP fall could be biggest ever

White House advisor warns second-quarter US GDP fall could be biggest ever

Wednesday, 22 April 2020 01:16

White House economic adviser Kevin Hassett warned on Tuesday a reduction in second-quarter U.S. gross domestic could be the biggest in the history of the country.

Iranpress: Amazon workers group calls for strike over virus and environmental concerns

Amazon workers group calls for strike over virus and environmental concerns

Friday, 17 April 2020 12:39

Along with workers of other giant firms in the US, Amazon tech workers are calling for a virtual one-day strike to pressure the online retail giant over warehouse safety conditions during the Coronavirus pandemic.

Iranpress: Parts of US economy will shut down due to coronavirus outbreak

Parts of US economy will shut down due to coronavirus outbreak

Monday, 13 April 2020 07:43

Minneapolis Federal Reserve Bank President on Sunday said that the US economic recovery from the disruptions caused by the novel coronavirus outbreak will likely be a "long, hard road" in which some parts of the economy will periodically shut down and restart.

Iranpress: World in worst recession since great depression, IMF says

World in worst recession since great depression, IMF says

Friday, 10 April 2020 05:05

The coronavirus pandemic will push the global economy into the deepest recession since the Great Depression, with the world’s poorest countries suffering the most, the head of the International Monetary Fund said Thursday.

Iranpress: US unemployment skyrockets as coronavirus crashes economy

US unemployment skyrockets as coronavirus crashes economy

Thursday, 26 March 2020 23:48

More than three million Americans lost their jobs last week, the worst ever recorded, as the coronavirus shutdown hits the US economy

Iranpress: GDP could shrink 24 percent in second quarter

GDP could shrink 24 percent in second quarter

Saturday, 21 March 2020 07:39

The US economy may have entered a recession and Americans could see the economy shrink by an annualized 6 percent in the first quarter and an astonishing 24 percent in the second quarter.

Iranpress: Fed slashes rate to near zero, eases lending rules

Fed slashes rate to near zero, eases lending rules

Sunday, 15 March 2020 23:49

The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak.

Iranpress: Global stock is hit by Covid-19, entering a bear market

Global stock is hit by Covid-19, entering a bear market

Thursday, 12 March 2020 04:31

Global shares were set for a rocky ride on Thursday as investors tally the economic damage of coronavirus, a day after the U.S. Dow Jones industrials entered bear market territory and world health officials declared the virus a pandemic.

Iranpress: Coronavirus: US death toll rise to 26, fear batters economy

Coronavirus: US death toll rise to 26, fear batters economy

Tuesday, 10 March 2020 04:51

The U.S. death toll rose to 26 and several members of Congress and officials are in self-quarantine after possible exposure while Trump dodges responsibility and accusing Democrats on inflaming the issue.

Iranpress: Covid-19 hits markets, creating Black Monday

Covid-19 hits markets, creating Black Monday

Monday, 09 March 2020 23:12

Shares around the world are facing their worst day since the 2008 financial crisis with the dramatic falls leading to the day being dubbed 'Black Monday' due to the impact of coronavirus on the global economy.

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