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‘Truly horrifying’: 6 economic surveys show coronavirus is hammering the global economy

Flash composite PMI readings plunged to record lows in Germany, France, the UK, and the Eurozone, and services activity fell in Japan and Australia.

The IMF is ready to mobilize $1 trillion as nations fear a virus-driven global downturn

"The case for a coordinated and synchronized global fiscal stimulus is becoming stronger by the hour," the IMF's Kristalina Georgieva said.

US economy smashes estimates, adds 273,000 jobs in February amid coronavirus outbreak

Don't be misled by the strong number. The full impact of the coronavirus wasn't fully reflected in the February report.

Another global authority slashes its growth forecast to near-standstill levels, as experts brace for the worst economy since the financial crisis

The respiratory illness COVID-19 has spread to at least 76 countries, upending global supply chains and broader business activity.
Treasury Secretary Steven Mnuchin testifies before a Senate Finance Committee

Key Trump adviser claims tax cuts will still ‘pay for themselves’ even as coronavirus drags on US economy

Republicans have argued tax cuts would bolster enough growth to make up for steep losses in government revenue.

G7 countries could team up to shield the global economy from further coronavirus damage

Policymakers and businesses have scrambled to contain the spreading virus, which has raised serious red flags around the global economy.

Cash-strapped Chinese companies say they could collapse within months as coronavirus spreads

In a recent survey of small- and medium-sized businesses across China, one-third said they would be able to cover fixed expenses for only one month.

US economy beats estimates, adds 225,000 jobs in January as wages grow

The US labor market entered 2020 on a stronger than expected note, adding jobs for a record 112th month.
FILE PHOTO: Customers wear masks as they shop for instant noodles at a supermarket following the outbreak of a new coronavirus, in Hong Kong

How countries around the world are fighting to keep growth afloat as the coronavirus threatens the economy

The coronavirus could chip away as much as 0.3% from global GDP, which would bring annual growth to its slowest pace since the financial crisis.
A Toyota automaker employee moves an engine at the Toyota engine assembly line in Huntsville, Alabama November 13, 2009.

US manufacturing climbs out of contraction territory for the first time in 6 months

A key gauge of US factory activity rebounded more than expected in January, climbing out of contraction territory for the first time since July.