U.S. consumer spending rises by a record 8.2% in May
Despite the increase, risks to the economic outlook are tilted to the downside, economist says
- June 26, 2020 June 26, 2020
- 10:20
Despite the increase, risks to the economic outlook are tilted to the downside, economist says
The pandemic is spotlighting how companies are doing on ESG issues
Working from home and online shopping result in weak demand for office space
Pent-up demand was unleashed from April to May
The U.S. central bank says it will also keep buying bonds
Medium-term risks to inflation “remain firmly to the downside,” paper warns
Some economists say it could take two years or more
The job gain stores and companies may be starting to rehire
The bank said it expects the eurozone economy to shrink by 8.7% this year
Population thresholds have been eased