Receive our newsletter – data, insights and analysis delivered to you

Economic crisis looms for US due to Covid-19 driven unemployment

By Paul Dennis

16 July

Economic crisis looms in the US, the UK is set to suffer a major GDP decline, and the Eurozone recovery will be impacted by the end of subsidised jobless schemes.

Macroeconomic influencers tracked by GlobalData share the latest updates on the Covid-19 impact on global economies.

Claudia Sahm, a policy analyst, opines that the US government must continue Covid relief measures to the unemployed until they find work and adds that jobless benefits must be enhanced.

Sahm also says that funding for the CARES Act needs to be increased three-fold because economic crisis looms in the US, causing income loss to 40% of American families, some 20% of which have lost the major income earner due to the coronavirus pandemic.

Read more

Content from our partners
The importance of reference products in biosimilar trials, and how to source them
Africa’s last mile: Building viable vaccine supply chains
Why this global life sciences COO believes relocation to Charleston, SC, was key to achieving next-level success

Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Key drug pipeline and competitive landscape changes based on the latest clinical activity, sent every Tuesday. Curated analysis and data-driven insights on clinical trials strategy and operations, sent every Thursday. The pharmaceutical industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU