Economics | Manufacturing.net

Two women walk over a bridge with the European Central Bank in background in Frankfurt, Germany, as the sun rises Monday, March 30, 2020.

Germany Says Rebound May Be Quick

The base scenario is a V-shaped recovery, with a sharp downturn and quick rebound.

In this March 17, 2020, photo, Theresa Malijan, a registered nurse, has hand sanitizer applied on her hands.

Relief Package Can't Fix Shortages

In this March 27, 2020 file photo, President Donald Trump signs the coronavirus stimulus relief package in the Oval Office at the White House.

How to Spend Your Government Check

In this April 19, 2018 file photo, trainees work at Snowtex garment factory in Dhamrai, near Dhaka, Bangladesh.

Garment Workers Going Unpaid

In this Feb. 14, 2020 file photo, Kristalina Georgieva, Managing Director of the International Monetary Fund, attends a session on the first day of the Munich Security Conference in Munich, Germany. Georgieva said Friday, March 27, it is clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn. She said the 189-nation lending agency was forecasting a recovery in 2021, saying it could be a “sizable rebound.” But she said this would only occur if nations succeed in containing the coronavirus and limiting the economic damage

IMF: Economy in Recession

President Donald Trump speaks before he signs the coronavirus stimulus relief package in the Oval Office at the White House on Friday, March 27 in Washington.

Trump Signs $2.2T Stimulus

Washington moved urgently to stem an economic free fall caused by widespread restrictions meant to slow the spread of the virus.

House Speaker Nancy Pelosi of Calif., arrives on Capitol Hill in Washington on Friday, March 27.

House Debates $2.2T Virus Relief Bill

One maverick conservative threatened to delay passage until most lawmakers return to Washington for a vote.

A technician works at the Ferrari department factory in Maranello, Italy.

Italy Shuts Most Factories

Economists grow dizzy speculating on the possible economic drag in a country that never fully recovered from back-to-back recessions the last two decades.

In this photo released by Xinhua News Agency, workers labor at an assembly line for Dongfeng Passenger Vehicle Company in Wuhan, in central China's Hubei Province, March 24, 2020.

Housing Disruption; a Call for Robots

A look at the coronavirus' impact on the global economy, particular economic sectors, and the workplace.

Cattle rancher Mike Filbin stands on his property in Dufur, Ore., after herding some cows and talks about the impact the new coronavirus is having on his rural community.

Virus Fears Grow in Rural America

Residents from rural Alabama to the woods of Vermont to the frozen reaches of Alaska fear the spread of the disease from outsiders.

Senate Majority Leader Mitch McConnell of Ky. gives a thumbs up as he leaves the Senate chamber on Capitol Hill in Washington, Wednesday, March 25, 2020

Airlines to Benefit from Rescue Bill

The deal includes $25 billion in direct grants and up to another $25 billion in loans or loan guarantees to passenger airlines.

In this Nov. 11, 2014 photo, Ron Hudgins welds a 2015 Ford F-150 cab at the Dearborn Truck Plant in Dearborn, Mich.

Major Autos Push for Factory Restart

Ford, Fiat Chrysler, Honda and Toyota took steps to re-open their plants by mid-April.

The dining section is closed off at East Side Pockets, a small restaurant near Brown University on Wednesday March 25 in Providence, RI. President Donald Trump wants the country open for business by mid-April, but some experts warn it's not as easy as flipping a switch: Economies run on confidence, and that is likely to be in short supply for as long as coronavirus cases in the United States are still rising.

Businesses Cautious to Restart Amid Virus

President Donald Trump wants the country open for business by mid-April, but some experts warn it's not as easy as flipping a switch.

Visitors are unable to gain access to the Department of Labor due to closures over coronavirus concerns, Wednesday, March 18, 2020, in New York. Applications for jobless benefits are surging in some states as coronavirus concerns shake the U.S. economy. The sharp increase comes as governments have ordered millions of workers, students and shoppers to stay home as a precaution against spreading the virus that causes the COVID-19 disease.

3.3M US Jobless Claims Break Record

The number surged past anything recorded during the 2008 recession.

In this Jan. 27, 2020 file photo a clothes washer, left, and dryer, center, are on display at a Home Depot store location, in Boston. Orders to U.S. factories for big-ticket manufactured goods rose by a solid amount in February 2020, but the gain came before the coronavirus had shut down much of the country. The Commerce Department said Wednesday, March 25, durable goods orders rose 1.2% last month, rebounding from January when orders had shown a tiny 0.1% gain.

Durable Goods Up Pre-Virus

Despite a surge in February, economists are looking for weak reports in coming months.

Federal Reserve Chair Jerome Powell speaks during a news conference, Tuesday, March 3, 2020, to discuss an announcement from the Federal Open Market Committee, in Washington.

Q&A: Understanding Fed Actions on Virus

The Federal Reserve took several aggressive steps Monday to support an economy ravaged by the effects of the coronavirus.

I Stock 901847120

Softbank to Buy Back Assets

The company's founder, Masayoshi Son, said the move reflected “the firm and unwavering confidence we have in our business.'

Federal Reserve Chair Jerome Powell pauses during a news conference in Washington.

Fed to Buy Government Debt

The Fed's announcement Monday removes any dollar limits from its plans to support the flow of credit.

A pedestrian walks past a boarded up Wine and Spirits store in Philadelphia on Friday, March 20. Pennsylvania Gov. Tom Wolf directed all 'non-life-sustaining' businesses to close their physical locations late Thursday and said state government would begin to enforce the edict starting early Saturday.

Economy Screeches to Halt

“We went from full throttle to 90% revenue loss in three weeks,’’ said one New Jersey business executive.

In this Feb. 13, 2020, photo released by Xinhua News Agency, workers wearing masks labor at a factory for Chinese telecommunications company OPPO.

Chinese Factories Face New Threat

The shock threatens to set back the ruling Communist Party's efforts to revive the world’s second-largest economy.

Federal Reserve Ap

3rd Emergency Lending Program Launched

More moves attempt to help unclog a short-term credit market that has been disrupted by the viral outbreak.

TP Makers Call Events 'Uncharted’

No single consumer product has been more impacted by the COVID-19 scare than toilet tissue.

A man looks at train departures boards in a nearly empty Central station in Brussels, Wednesday, March 18, 2020.

World Locks Down As Virus Spreads

Furloughs and job cuts, from dog walkers, to oilfield workers, have begun.

A sign advises of the closure of a restaurant at Pike Place Market on Tuesday, March 17, 2020, in Seattle. Many shops in the landmark market continue to remain open, though business has dropped considerably in recent weeks.

Fed Launches Recession-Era Programs

They aim to ease the flow of credit to businesses and households.

In this Nov. 29, 2019, file photo customers shop at a Kohl's store in Colma, Calif. Retail sales fell 0.5% in February 2020 indicating the consumer sector was slowing even before the coronavirus struck with force in the United States. The Commerce Department reported Tuesday, March 17, 2020 that the February drop in sales followed a solid 0.6% gain in January.

Retail Sales Fall 0.5% in Feb

Economists said they were looking for even weaker numbers in coming months.