As suddenly as the economy shut down in March and unemployment levels spiked, any recovery will likely occur in phases, experts say. And with the possibility of high unemployment continuing, the mortgage industry could see effects from the coronavirus pandemic lasting a year or longer.
The United States’ top infectious disease expert said Sunday that the economy in parts of the country could have a “rolling reentry,” but many state leaders are skeptical.
Massachusetts restaurants face a menu of unappetizing choices as they seek to stabilize their finances to offset steep declines in revenues from indoor dining bans.
The unemployment rate will likely rise at least as high as it did in the wake of the 2008 financial crisis and the country’s GDP appears on track for two quarters of negative growth as the coronavirus pandemic continues to take its toll, the head of the Federal Reserve Bank of Boston said Wednesday.
Economic disruption associated with the COVID-19 pandemic will hit the hotel sector hardest of any commercial real estate sector with nearly 35 percent of mortgages likely to default by 2024, according to an analysis released this week.
Realtors may be among the most optimistic professions in America, but there comes a time in any economic crisis where even the sunniest agent struggles to maintain their income if homes aren’t selling.
Our lack of medical preparation has now put us on our economic heels. One way out is an emergency income that lets us put the outside world on pause.
Top congressional and White House officials say they expect to reach a deal Tuesday on a nearly $2 trillion measure aimed at easing the economic damage inflicted by the coronavirus pandemic.
Gov. Charlie Baker is throwing small businesses a $10 million lifeline as their sales shrink dramatically amid concerns over the spread of COVID-19.
The escalating coronavirus emergency Thursday sent stocks to their worst losses since the Black Monday crash of 1987, extending a sell-off that has now wiped out most of Wall Street’s big run-up since President Donald Trump’s election.
A gyrating stock market is seizing headlines as the coronavirus threatens corporate profits and economic growth. Yet it’s in the normally temperate bond market, where companies go to borrow money, where the gravest dangers may lurk.
