A source who was present on a conference call of Senate Democrats on Tuesday tells me that Minority Leader Charles E. Schumer (N.Y.) told his colleagues that he has gotten no outreach from McConnell on the bill.That doesn’t mean we might not get some kind of agreement eventually. A drop of 20% from recent high signals a bear market. But uncertainty about the pandemic, geopolitical tensions and climate change-related events could cause more supply chain disruptions.There is a “high likelihood” of supply chain transformation leading to a reversal of international economic convergence, according to respondents. But as an economic stimulus, it’s utterly useless.Nor is McConnell showing any particular urgency about passing a bill at all. It will only be possible if public and private organizations work together and governments get actively involved in reshaping existing sectors and building new markets.These new frontier markets – which range from green energy and the circular economy to health, education and care – could have a transformative impact on economies and societies, the report says.Societies today have have a unique window of opportunity to move on to a more inclusive and greener growth path, according to the report.World Economic Forum articles may be republished in accordance with the The views expressed in this article are those of the author alone and not the World Economic Forum.Data from the World Travel & Tourism Council shows which countries stand the most to lose from a global downturn in travel, due to the COVID-19 pandemic.According to data from the World Bank and IMF, China is expected to take over the U.S. as the largest economy in 2024. But it will probably take until after the enhanced UI benefits expire, delivering a vicious blow to the economy at the worst possible time.Trump certainly has. ET The economists Arthur B. Laffer and Stephen Moore, who informally advise Mr. Trump, have told him to focus on a payroll tax cut for workers and businesses — a move that few Republicans support and that economists say would do little to help the 30 million Americans without a job.Democrats in Congress say they are surprised to find themselves in the position of pushing Mr. Trump and his party to agree to a stimulus spending plan, given how central the economy has been to his presidency and the dire straits it is facing. No, China’s economy hasn’t gotten better.
By Jordan Weissmann. The report reveals that the economic impact of COVID-19 is dominating companies’ risks perceptions. Explore the latest strategic trends, research and analysisExplore the latest strategic trends, research and analysis If the stock market drops 10% in a day, that's a crash. Adapting tax architectures is seen as an urgent requirement, including continuing efforts to curb tax evasion, settling on an international agreement to fairly tax digital activity, as well as rethinking wealth taxes and higher marginal income taxes.As tough choices are made about how to pay off soaring debt levels accumulated by government support schemes during the recovery, there is a big opportunity for governments to regain the trust of citizens whose chances of advancing economically have been dwindling for many years.“A world in which coronavirus debts are repaid by a wealth tax or a global crackdown on corporate tax havens would look very different from one in which benefits are slashed and VAT is raised,” The pandemic has added to existing uncertainty in international trade caused by factors like trade disputes and tensions over technology standards.
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