๐จ๐ฆ Canadian households insolvencies rising
โConsumer insolvency filings are expected to rise through end of year as household support measures… have started to expire, while employment remains below pre-pandemic levelโ#Canada #economy #recessiont.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.
๐ช๐บ#EuroZone ๐ฉ๐ช#Germany ๐ซ๐ท#France ๐ฎ๐น#Italy ๐ช๐ธ#Spain #economy #recessiont.co/TChH0cDkgl pic.twitter.com/bkMaYxD1Zr
— GnS Economics (@GnSEconomics) November 6, 2020
#Indonesia Slips Into #Recession In Q3 t.co/NnXTS5DX0n
— BartDay (@BartDayCom) November 5, 2020
The #UK #economy is heading back into #recession 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
๐บ๐ธ#US ๐ฏ๐ต#Japan ๐ฉ๐ช#Germany ๐ซ๐ท#France ๐ฎ๐น#Italy ๐ช๐ธ#Spain ๐ฌ๐ง#UK ๐จ๐ฆ#Canada ๐ณ๐ด#Norway ๐ธ๐ช#Sweden #economy #recessiont.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."t.co/3qjTVxSLQb
— James DePorre (@RevShark) November 7, 2020
Stimulus creating a false sense of security
โThere 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 #recessiont.co/Xfng5UEJJb pic.twitter.com/ele5deCUvP
— GnS Economics (@GnSEconomics) November 7, 2020
As the IMF urges an โagile policy responseโ, 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 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: 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 #crisist.co/9PQ7aI2tsX
— GnS Economics (@GnSEconomics) November 6, 2020