Tag: expected

Coronavirus: Hit to global economy ‘will be less than expected’ in 2020

Image copyright NOAH SEELAM The damage to the global economy this year will be less than previously expected, but still “unprecedented”, a leading international body says. The Organisation for Economic Cooperation and Development now predicts a decline of 4.5% in 2020, versus the 6% drop forecast in June. It means it no longer expects the UK to have the deepest… Read more →

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US jobless claims worse than expected despite reopening

Image copyright Getty Images A further 1.5 million Americans filed for unemployment last week, a higher-than-expected number that signals the economic damage caused by the pandemic is continuing. Although reopening is underway throughout the country, the number of new applications for benefits fell by just 58,000, the Labor Department said. It was the 13th week in a row the figures… Read more →

Coronavirus: Big sales expected when clothes stores reopen next month

Image copyright Getty Images Clothes stores are ramping up plans to reopen – and big discounts could be on offer. Some non-essential retailers will be able to begin reopening next month. One of the UK’s biggest fashion retailers, M&S, said: “We are working towards reopening more space from June.” But analyst Richard Lin of Retail Economics said stores “will have… Read more →