Weekly Economic Briefings - Us Weekly Economic Briefing


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Weekly Economic Briefings - Us Weekly Economic Briefing

The economics of fear and the economics of sudden stops are now in plain sight. Initial jobless claims soared to an unprecedented 3.3 million last week, five times higher than the peak reached during the Great Recession, while consumer sentiment slumped by the most since 2008. Sadly, more pain awaits households and businesses as the economy plunges deeper into recession. The historic $2tn stimulus package passed into law this week will provide some much-needed relief via direct checks to low and middle-income families, an expansion of unemployment benefits, loans to businesses, and funding for state and local governments. While the measures will reduce the risk of an even deeper depression in activity – it won’t prevent the ongoing recession.


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US Weekly Economic Briefings
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