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U.S. President Donald Trump said on Monday that the U.S. economy may begin reoperating soon as his administration heads towards a concrete plan. The economy was shut after restrictions were implemented to combat the further spread of the novel coronavirus.
Trump emphasized that the death toll in the United States remained unchanged, indicating that “social distancing” measures were effective. Meanwhile, some state governors are planning to resume market sessions without input from the Trump administration.
Nine states said on Monday they are on their way to reopen their economies and ease lockdown orders slowly. However, despite the efforts of the governors and the federal government, only the president can decide as he holds the ultimate authority.
“The president of the United States calls the shots,” Trump said. “That being said, we’re going to work with the states.”
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
On Tuesday, United States Federal Reserve officials warned a "thick fog of uncertainty" on the U.S. economy as it slowly recovers amid the surge in coronavirus cases. The U.S. central bank stated that the pandemic's second wave would cause ...
U.S. President Donald Trump’s administration said on Monday that the small business pandemic aid program worth $660 billion was as a “wild success.” The data showed that 51 Million jobs for America’s small businesses ...
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