Business activity collapsed worldwide at a record pace in March as measures to contain the pandemic hit the global economy leading to a deep global recession.
Category: Features
The U.S. Federal Reserve said it would take step to bolster the economy and pass a stimulus package to offset the pandemic economic impact.
The dollar erased early losses on Monday as a global selloff intensified, boosting greenback’s safe-haven appeal.
The massive stimulus announced by governments and central banks in recent days to lift confidence helped settle some nerves.
World finance leaders tried to lift confidence with emergency measures by pouring unprecedented aid into panic-hit global financial markets.