Economics

Waiting for the Next Historic Number: Global Economy Week Ahead

  • U.S. set to report jobless claims, Fed releases minutes
  • Weekly take on events in the world economy and their fallout
PGIM CEO Says Economic Shutdown Could Turn Into a Significant Credit Crisis
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As the true economic impact of the coronavirus pandemic becomes clear, economists seeing unprecedented data releases on an almost daily basis are gearing up for even worse to come.

In the U.S. and the rest of the world, reports showing historic spikes in joblessness and declines in activity have been accompanied with warnings that even more concerning data will follow once the full impact of the lockdown in much of the world becomes clear.