Intercam News

The Day at a Glance | April 6 2020

Stimulus proposal in Mexico Yesterday, Mexico`s President Andrés Manuel López Obrador presented a series of measures to back the economy during the health contingency due to COVID-19, even though it was perceived as insufficient. The President announced there would be an increase in public investment to create up to 2 million jobs in the next

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The Day at a Glance | April 3 2020

Largest contraction in employment in the US since march 2009 Figures published by the US Bureau of Labor Statistics confirmed that 701 thousand jobs were lost in the US economy during the month of March, number way above the analyst consensus estimate (-100 thousand e.). This took the unemployment rate to 4.4%, a level not

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The Day at a Glance | April 2 2020

Initial jobless claims in the US continue to increase A new record of initial jobless claims in the United States was reached last week, after recording 6.5 million new claims for government support because of unemployment in the week of March 23-28. Figures exceeded expectations once more and adds to concerns of larger impacts of

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The Day at a Glance | April 1 2020

Manufacturing affected at a global level due to coronavirus Final economic activity figures at a global level in manufacturing confirmed that March was one of the worst months in many years for the sector, this after the closing of factories and damage seen occur in supply chains. In Europe, manufacturing activities deepened their contraction in

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The Day at a Glance | March 31 2020

Economic activity rebounds in China After the worst contraction in economic activity in February, China`s manufacturing sector (52 vs 35.7 prev.) along with its services sector (52.3 vs 29.6 prev.) recorded expansion in the month of March, exceeding analysts` expectations. The rebound in PMI`s is mainly attributed to the reactivation of economic activity in China,

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The Day at a Glance | March 30 2020

US economy will remain at a standstill President of the United States Donald Trump extended mitigation measures until April 30th, after being advised to do so by his council of experts. According to the president, resuming economic activities would risk increasing the number of deaths. It`s expected the US will record a decrease in new

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The Day at a Glance | March 27 2020

G-20 commits to a $5 trillion dollar stimulus Leaders of the 20 largest economies in the world had a videoconference meeting yesterday and talked about strategies that could mitigate the virus`s negative effects on health and the economy. The group of countries represents 80% of the global economy and they committed to injecting more than

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The Day at a Glance | March 26 2020

Historic increase in US jobless claims Unemployment claims on behalf of US citizens in order to receive benefits increased to 3.28 million, the highest level seen in the country`s history (vs 695 thousand in 1982), which is a sign that a recession in the world`s biggest economy has already begun. This reflects the shock`s severity

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The Day at a Glance | March 25 2020

Fiscal stimulus agreement reached in the US Congress and The White House have finally reached an agreement regarding a $2 trillion dollar fiscal stimulus to back the economy and American citizens in light of COVID-19`s negative economic effects. The Senate is expected to vote on it on Wednesday, for it then to be passed to

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The Day at a Glance | March 24 2020

Worldwide economic activity collapses in March The virus`s effects on the global economy have started to become evident after PMI`s were published in some of the world`s main economies. During March, economic activity came to an abrupt halt in Japan, Europe, and the United States, especially in the services sector. Manufacturing in Japan contracted for

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