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Goldman Sachs Cuts US GDP Estimates

Goldman Sachs cut its forecast for GDP growth in the United States by 34% in the second quarter on an annual basis compared to its previous estimate for a decrease of 24% and also reduced its estimates for the first quarter to 9% from its previous forecast, down...

Trump Administration Plan to tackle Coronavirus

A Trump administration official said today that US President Donald Trump is planning to meet Treasury Secretary Stephen Mnuchin and other members of his economic team to discuss possible action to address concerns about the impact of the Corona virus outbreak on the...

IMF: global growth for 2020 less than 2019

The International Monetary Fund expects global growth for 2020 to be lower than the 2.9% rate for 2019 and the revised forecasts will be issued in the coming weeks, the International Monetary Fund Director Christina Georgieva said at a press conference today.Georgieva...

Fed Agrees to keep interest rates Unchanged

All 12 regional banks in the Federal Reserve voted to keep interest rates imposed by commercial banks on emergency loans unchanged before the US central bank monetary policy meeting.The Federal Reserve left the exchange rate unchanged at 2.25% at its meeting from...