Top economists see slowing economic recovery
“Since the pandemic is still raging, there’s a high degree of uncertainty about the future direction of the economy,” says Mark Hamrick, Bankrate’s senior economic analyst. “But we have reason for hope. Some improvement is expected over the coming year, but the recovery will be uneven with respect ...
Why the US economy will take off in 2021?
The American economy was jolted by three major things in 2020 - COVID 19, the racial unrest, and an election that created a huge divide. This put the US economy to a screeching halt making it difficult for people from all walks of life. However, the story of 2021 could be very different. It could b ...
US economic restart, recovery will continue into 2021
The economic outlook and employment rate has been severely affected by the virus-induced lockdown and restrictions. With the resurge in the cases, things don't seem to go back to how one would have anticipated any time soon. The Kelley School of Business forecasted in November the U.S. economy rest ...
Entrepreneurs and Small Businesses Are Vital to Our Economy
While the operational aspects and thinking might vary between entrepreneurs and small businesses, both have somewhat similar needs. Both of them also play a vital role in the economy. We're at that stage where entrepreneurs and small businesses contribute significantly in terms of job creation as w ...
The unexpected boom in startups
The country is trying to get back on its feet after the horror show the virus unleashed on the globe. There's an interesting trend to notice here though. Despite the rising number of cases and people losing jobs, there's also a rising trend of startups. Some are also calling it a startup boom. The ...
The end of US dollar's dominance?
The US dollar has been dominant for decades. It is the primary global reserve currency and plays a significant role in global trade financial flows. A single dominant currency has important implications for global financial stability. The US dollar funding conditions became tense in March but were ...
The U.S. lost over 60 million jobs
The country is already ravaged by a lot of things, right from division to a rising number of cases to job losses to an unstable economy. Robots, tech, and AI could add another problem. The World Economic Forum (WEF) concluded in a recent report that “a new generation of smart machines, fueled by ra ...
Can shoppers save the economy?
With a looming recession knocking on the doors of every economy across the globe, the crisis is no different here in the US as a lot is riding on the willingness and ability of Americans to go out there and spend again. The economy here is powered by consumer spending, and the small and recent sign ...
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