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29 Mar 2024 21:00
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  •   Home > News > Business

    Effects of the coronavirus outbreak have led economists to forecast global growth will slip to 2.4 percent this year, the slowest since the Great Recession in 2009, and down from earlier expectations closer to 3 percent

    Effects of the coronavirus outbreak have led economists to forecast global growth will slip to 2.4 percent this year, the slowest since the Great Recession in 2009, and down from earlier expectations closer to 3 percent


    For the United States, estimates are falling to as low as 1.7 percent growth this year, down from 2.3 percent in 2019.

    Gus Faucher, an economist at PNC Financial, says if we start to see more cases in the United States, if we start to see people not travelling domestically, if we start to see people stay home from work and from stores, then the hit is going to get substantially worse

    © 2024 Newstalk ZB, NZCity

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    The Chiefs are backing young first-five Josh Jacomb to step up in tonight's Super Rugby clash against the Crusaders in Christchurch More...


    BUSINESS BUSINESS
    New Zealand Food Safety is supporting Matakana Smokehouse in its recall of a specific batch of two of its salmon products because of the possible presence of Listeria More...



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