According to the official forecast, the economy would have contracted between 6 percent and 6.5 percent.
The move came after Treasury Secretary Steven Mnuchin asked the Fed to end five emergency Covid-19 lending facilities.
The US economy would shrink 1 percent in Q1 next year due to worsening pandemic across the country, JP Morgan said in a...
Prime Minister Yoshihide Suga had called for a third extra budget last week amid fears that recovery and growth could...
RCEP accounts for around 30 percent of the global population, the world's gross domestic product (GDP) and global trade
Key Covid-19 metrics including daily case count, seven-day average daily increase and hospitalizations rise in the US.
With the world in a global liquidity trap it is time for a global synchronised fiscal push to lift up prospects.
A decline of four percent year-over-year amid global response to Covid-19 was reported by Germany-based software giant...
'We remain at an impasse' says Pelosi, citing serious issues, while Trump blames the House Speaker.