Following the trend of all major economies, the UK economy shrank by a quarter in the March-April period as entire sectors remained inactive by the coronavirus lockdown.
Category: Features
Storm clouds gathered over the U.S. economy as hopes for swift recovery from the coronavirus pandemic have now been dashed after the FED meeting.
Investors stayed on the sidelines ahead of the Fed meeting and caution took hold as policymakers might announce yield curve control measures.
The US economy concluded its longest expansion in history in February and since then has entered recession because of the coronavirus pandemic.
The world markets rally halted amid ECB stimulus expectations which had supported investor confidence in a global financial recovery from the coronavirus pandemic.