🇨🇦 Canadian households insolvencies rising
“Consumer insolvency filings are expected to rise through end of year as household support measures… have started to expire, while employment remains below pre-pandemic level”#Canada #economy #recessionhttps://t.co/lqVaxNiv0P pic.twitter.com/t5eHBeyOYV
— GnS Economics (@GnSEconomics) November 5, 2020
Euro-area economy is at risk of slipping back into a recession (below forecasts without)
GDP growth 2021 lowered to 4.2%. Risk of rising company failures and long-term unemployment.
🇪🇺#EuroZone 🇩🇪#Germany 🇫🇷#France 🇮🇹#Italy 🇪🇸#Spain #economy #recessionhttps://t.co/TChH0cDkgl pic.twitter.com/bkMaYxD1Zr
— GnS Economics (@GnSEconomics) November 6, 2020
#Indonesia Slips Into #Recession In Q3 https://t.co/NnXTS5DX0n
— BartDay (@BartDayCom) November 5, 2020
The #UK #economy is heading back into #recession https://t.co/8JC0S0Vsdn
— Oden (@Gjallarhornet) November 5, 2020
Double-Dip Recession Coming Soon Near You
Alternative, high-frequency data show that economic activity in advanced economies is dropping again
🇺🇸#US 🇯🇵#Japan 🇩🇪#Germany 🇫🇷#France 🇮🇹#Italy 🇪🇸#Spain 🇬🇧#UK 🇨🇦#Canada 🇳🇴#Norway 🇸🇪#Sweden #economy #recessionhttps://t.co/dPF0Poth9l pic.twitter.com/vfidTcJNJ3
— GnS Economics (@GnSEconomics) November 6, 2020
The @nytimes on Election Night four years ago:
"So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened."https://t.co/3qjTVxSLQb
— James DePorre (@RevShark) November 7, 2020
Stimulus creating a false sense of security
“There is real economic damage happening to several industries and the liquidity in the stock market and everything else is making it feel really safe"#economy #stimulus #recessionhttps://t.co/Xfng5UEJJb pic.twitter.com/ele5deCUvP
— GnS Economics (@GnSEconomics) November 7, 2020
As the IMF urges an “agile policy response”, young people too must be agile as the future itself is shredded by uncertainty. If our research is anything to go by, young people are approaching the future with a dark optimism – with @DrRosBlack #recession https://t.co/h48DRH9Bip
— Lucas Walsh (@ProfLucasWalsh) November 4, 2020
Commercial and industrial loans at all commercial banks decrease by $11.6 billion to $2.698 trillion in the week ended Oct. 28. See @federalreserve H.8 – Assets and Liabilities of Commercial Banks in the United States release tables in FRED: https://t.co/G25GBrXpY5 pic.twitter.com/DeZHEJWfla
— St. Louis Fed (@stlouisfed) November 9, 2020
The second wave of Covid and the new lockdowns all but guarantee the onset of a European banking crisis, of which possibility the World Bank recently also warned. #economy #pandemic #LockDown #recession #crisishttps://t.co/9PQ7aI2tsX
— GnS Economics (@GnSEconomics) November 6, 2020