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Tag Archives: recession

COVID economic recovery pace projected by banks

The only category in which spending had increased in April was groceries. In every other category—gas, travel, restaurants, retail and services, among others—spending was down by double digits. Retail and services, which together made up more than half of Discover customers’ spending last year, have fallen this month by 11 …

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Why Apple Could Be Slammed By a Recession

Apple (NASDAQ:AAPL) has long been a market darling, delivering huge gains for investors over its history. Shares of the iPhone-maker have marched higher over the last decade, driven by growth in its trademark smartphone, a highly profitable services business, and, more recently, an expanding wearables segment. However, like most consumer-facing companies, …

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‘Smart containment’ can save lives, shorten the recession

Selective quarantine can reduce the number of COVID-19 deaths while lessening negative economic impacts, say researchers in a working paper published recently by the National Bureau of Economic Research. In “The Macroeconomics of Epidemics,” Northwestern University economists Martin Eichenbaum and Sergio Rebelo,along with economist Mathias Trabandt of the Free University of Berlin, propose a solution …

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Why the COVID-19 recession will be different for brands

An anticipated global economic recession, hastened by the COVID-19 pandemic, will be different to anything brands have faced in modern times. Anna Hamill, Senior Editor – Brands, at WARC, assesses the lay of the land. While the greyer economic skies were anticipated in 2020, few could have foreseen the COVID-19 …

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