downturn

Swedish govt sees milder downturn in 2020, slower growth next year | One America News Network

December 16, 2020 STOCKHOLM (Reuters) – Sweden’s economy has recovered more quickly from the coronavirus pandemic than expected, though the second wave of infections that has hit the country in recent weeks will slow the rebound next year, the government said on Wednesday. Gross domestic product is likely to shrink 2.9% this year, its revised …

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Yellen says urgent action needed to prevent self-reinforcing economic downturn | One America News Network

December 1, 2020 By Tim Ahmann and Nandita Bose WASHINGTON (Reuters) – U.S. President-elect Joe Biden’s treasury secretary nominee Janet Yellen said on Tuesday the country is facing a historic crisis from the pandemic and the subsequent economic fallout. “It’s an American tragedy and it’s essential that we move with urgency. Inaction will produce a …

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