BALTIMORE — President Donald Trump has been telling voters that the U.S. economy will leap back to life “like a rocket,” stronger than ever after its bout with the coronavirus. But there is a reason economics is called the “dismal science.” There are emerging signs that any recovery will fail to match the speed and severity of the economic collapse that occurred in just a few weeks.

BING NEWS:
  • Key is downbeat on U.S. economy, upbeat on its own outlook
    The Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.
    04/18/2024 - 2:49 pm | View Link
  • Retail sales rose sharply in the first quarter — and could boost U.S. GDP
    Sales at retailers rose a robust 0.7% in March and outlays in February were also stronger than initially reported, indicating the economy got a decent boost from consumer spending in the first quarter ...
    04/15/2024 - 1:35 am | View Link
  • China's economic success in face of growing U.S., EU protectionism
    Yet if the United States and Europe turn strongly protectionist against China, then the best response for China is to hasten its successful and growing trade and financial relations with the emerging ...
    04/8/2024 - 5:12 pm | View Link
  • Biden visits Baltimore to assess bridge collapse damage
    President Joe Biden visited Baltimore to survey damage from last week's collapse of the Francis Scott Key Bridge. He met with local officials and some of the relatives of the six construction workers ...
    04/5/2024 - 10:11 am | View Link
  • U.S. Job Growth Much Stronger Than Expected
    The continuing strength, labor market analysts say, may increase confidence among investors and the Federal Reserve that the U.S. economy has ... which rapidly raised interest rates in 2022 ...
    04/5/2024 - 3:53 am | View Link
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