OPEC said to seek as much as 5 mbpd in cuts from G20 nations. Will cut for 2 months
OPEC+ outline deal is for 10 million bpd cut to production
OPEC+ STILL WORKING ON DEAL, TARGET MAY CHANGE: DELEGATES
OPEC+ and other are to discuss cuts as big as 20mbpd, according to on Russian source
When businesses can reopen, the Fed expects a fairly quick rebound in the second half of this year. The Fed can keep providing support to the economy as long as needs arise, no limit to how long it can do it. Inflation is not a first-order concern for us today. The m...
OPEC video conference begins
Powell: - Expecting Q2 to be very weak - Recovery should be quick when people start returning to work
Actual: 71.0 Forecast: 75.0 Previous: 89.1
Fed Chair Powell economic update in 10 minutes
Kremlin spokesman Dmitry Peskov said a new deal on output cuts was hardly possible without others participating
Federal Reserve are to provide USD 2.3trillion in loans
Actual: 7.8% Forecast: 7.2% Previous: 5.6%
Actual: 1.4% Forecast: 1.2% Previous: 1.4%
Actual: 6.606K Forecast: 5.250K Previous: 6.867K
The global economy will experience the worst downturn since the Great Depression this year but could see a partial recovery in 2021 if the coronavirus pandemic eases after June, It is already clear, however, that global growth will turn sharply negative in 2020, Governments ar...
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