Strict COVID-19 lockdowns may speed up economic recovery: IMF

WASHINGTON (Reuters) – Early lockdowns in an epidemic can substantially reduce infections, and policymakers should be wary of lifting them to jumpstart their economies when infections remain high, the International Monetary Fund said on Thursday. FILE PHOTO: International Monetary Fund logo is seen outside the headquarters building during the IMF/World […]

French Economic Recovery Is Stuck

(Bloomberg) — French economic output is plateauing at 5% below pre-crisis levels, according to the Bank of France, adding to signs the country’s recovery from lockdown is faltering. The central bank’s monthly survey of some 8,500 companies showed little change between August and September in the level of activity in […]

Israel’s second lockdown carries a hefty economic price

JERUSALEM/TEL AVIV (Reuters) – Restaurateur Tamir Barelko has had enough. A youth wearing a protective face mask sits on a pavement near shuttered shops amid Israel’s second national coronavirus disease (COVID-19) lockdown in Ashkelon, Israel October 7, 2020. Picture taken October 7, 2020. REUTERS/Amir Cohen Israel’s decision last month to […]

UK economic growth slows despite restaurant boost

Related Topics Coronavirus pandemic image copyrightReuters The UK economy continued its recovery in August, growing by 2.1%, as the Eat Out to Help Out scheme boosted restaurants. But the figure was below expectations and the economy is still 9.2% smaller than before the pandemic struck. It marked the fourth consecutive […]

Australia rushes through tax cuts in COVID-19 economic stimulus

FILE PHOTO: Construction workers go about their day near scaffolding at a construction site in central Sydney, Australia, September 11, 2018. REUTERS/David Gray SYDNEY (Reuters) – Australia’s parliament approved A$17.8 billion ($12.78 billion)in personal tax cuts on Friday, quickly pushing through measures announced earlier this week to support the country’s […]

Joe Biden: The Economic Growth Candidate?

Oct. 8, 2020 3:02 pm ET Joe Biden speaks during the presidential debate in Cleveland, Sept. 29. Photo: Matthew Hatcher/Bloomberg News Regarding Jason Furman’s “Biden’s Tax Plan Would Spur Economic Growth” (op-ed, Oct. 6): What Mr. Furman fails to prove is the idea that state redistribution of resources grows the […]