youThe Paycheck Protection Program (PPP) will inject liquidity into small businesses with fewer than 500 employees that the coronavirus or COVID-19 affects. PPP is part of the Coronavirus Aid, Relief, and Economic Security (CARES) that Congress passed and President Donald...
Ten million Americans filed unemployment claims in two weeks, according to the Labor Department reporting. Many economists believe that the US economy will continue to see historic jobless claims until there is a treatment or vaccine, or both for COVDID-19....
The global middle-class is going through its second economic recession in a decade. The International Monetary Fund (IMF) announced last week that the global economy is now in a recession. The middle class in many countries were still recovering from...
Consumer spending makes up to 70 percent of the United States’ nearly $19.4 trillion gross domestic product (GDP). For the first two months in 2020, consumer spending increased by 0.2 percent based on the Bureau of Economic Analysis’ data. Now...