icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

US economy shrinking while unemployment expanding

Markets are still on the rise despite mass unemployment in the United States. As stay-at-home orders persist, some economists estimate the economy could shrink between 30 and 40 percent for the second quarter of 2020. Plus, US President Donald Trump has readied an executive order aimed at social media giants following fact-check labels on his Twitter feed. Meanwhile, the Covid-19 outbreak has caused a major disruption in the travel industry, particularly airlines. A new report from the United Nations World Tourism organization says global tourism is going to drop by 70 percent in 2020 due to the pandemic.

US economy shrinking while unemployment expanding
The boom/bust cycle is as old as Western banking itself. Our hosts break through the mainstream headlines to find the stories that matter, and help you navigate the booms and the busts.