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28 Mar 2024 22:33
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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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     Today's News

    Business:
    The Government's made a new pay offer to Police 21:57

    Entertainment:
    Lily Allen was introduced to Mila Kunis and Ashton Kutcher as Rita Ora - and was too mortified to disclose who she really was 21:53

    Entertainment:
    Mel B's fiance visited her father's grave to "ask permission" to propose to her 21:23

    Accident and Emergency:
    State Highway 6 is blocked by a serious crash, South of Lake Paringa in the South Island's Tasman region 21:17

    Accident and Emergency:
    State Highway One is has now reopened between Kaikoura and Riverlands - after a two-vehicle collision at Kekerengu, north of Kaikoura, this morning 21:17

    International:
    Shopper swallowed as shopping mall floor collapses in eastern China 21:07

    Entertainment:
    Kris Jenner won't spend quality one-on-one time with her grandchildren because it would cost her too much time and money 20:53

    Law and Order:
    A person has died following an incident at a restaurant in Auckland's Browns Bay 20:27

    Entertainment:
    Halle Berry's perimenopause symptoms were mistaken for herpes 20:23

    Entertainment:
    Keke Palmer wants 10 kids 19:53


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