Coronavirus will wipe out corporate profit growth in 2020 and may trigger recession: Goldman Sachs

Strategists at Goldman Sachs just reminded investors why they are dumping stocks hand over fist right now. The coronavirus may wipe out corporate growth in 2020, perhaps completely. Goldman Sachs said Thursday in a note U.S. companies will generate no earnings growth in 2020. Underlying the call is Goldman’s view that the coronavirus is expected to spread around the globe and severely harm economic activity.

Former Fed chair warns coronavirus could throw the US into recession

Janet Yellen, who served as the first chairwoman of the Federal Reserve from 2014-2018, said on Wednesday that the concerning spread of the coronavirus across the world could put the U.S. economy on a path towards a recession."We could see a significant impact on Europe, which has been weak to start with, and it's just conceivable that it could throw the United States into a recession," Yellen said in Michigan, Bloomberg reports."If it doesn't...

World prepares for coronavirus pandemic; global recession forecast

Hopes the coronavirus would be contained to China vanished on Friday as infectio...

European stocks dive 3% as coronavirus raises recession fears

European shares slumped on Friday, on course for their biggest weekly decline si...

Roubini: A global recession sparked by coronavirus isn't 'totally farfetched'

Famed economist Nouriel Roubini believes the potential for a global recession stemming from spillover effects from the coronavirus (COVID-19) outbreak "doesn't look totally farfetched." There are many global tails risks out there, and the coronavirus has emerged as the most immediate. Known as “Dr. Doom” for his doomsayer economic predictions, Roubini told Yahoo Finance that in 2003 amid the severe acute respiratory syndrome (SARS) outbreak,...

Coronavirus pandemic would spark deep recession and pose a 'significant threat' to Trump's re-election top economist Mark Zandi says

Moody's Analytics Mark Zandi warns Wall Street is underestimating the economic damage from a coronavirus pandemic.

Shares slide as coronavirus raises recession fears

Stock markets around the world have just seen their worst week since the 2008 financial crisis.

Coronavirus And 'Recession Warning'

Italy faces recession as coronavirus hits economy

Will Coronavirus Cause Global Recession? Organization For Economic Development Issues Predictions

Will the Coronavirus Trigger a Global Recession?

Goldman Sachs Warns of Recession Risks From Coronavirus

Coronavirus recession? Expert modelling shows Australian economy could take huge hit

Warwick McKibbin, who has modelled previous pandemics, says GDP could fall in a worst-case scenario by nearly 8%

Global economy will 'stop just short' of recession from coronavirus Goldman economist says

Goldman's Jan Hatzius said on CNBC's "Closing Bell" that the world economy would likely shrink for "a quarter or so" but rebound before officially becoming a recession.

South Africa's rand retreats on fear of economy slipping into recession

Coronavirus pandemic and US recession aren't yet priced into markets fund manager says

Despite taking a beating last week as cases of the new coronavirus spread rapidly around the world, U.S. markets have yet to price in a full-scale pandemic and subsequent recession, a U.S. equity manager told CNBC Tuesday.

Is Fiscal Stimulus the Answer to Preventing a Coronavirus Recession?

Coronavirus Could Spark New Global Recession Says OECD

Entity that brings together rich countries estimates lowest growth since 2009; after week of losses, markets react

South Africa Slips Into 2nd Recession In Two Years

South Africa slips into 2nd recession in two years

Column: Prepare for coronavirus — and a likely recession

The coronavirus could sicken the economy as well as people.

Swiss National Bank mulls coronavirus response amid recession fears: Maechler

The Swiss National Bank (SNB) is mulling its response to the coronavirus outbrea...

South Africa slips into recession

In tonight's edition: South Africa slips into recession for the second time in two years. In Nigeria, motorcycle and tricycle taxis have been banned in Lagos. Drivers are suffering from the impact it has had on their lives. Finally, we hear from South African designer and 2019 LVMH prize winner Thebe Magugu. He's now exhibiting his creations at his first Paris Fashion Week.  

Coronavirus live updates: WHO warns protective gear 'rapidly depleting' amid recession fears

Spain confirms first death, as new cases identified in Europe, Africa, and South America. Follow the latest updates.

Fed's Surprise Rate Cut Part of Global Effort to Prevent Coronavirus-Induced Recession

The U.S. Federal Reserve took the unexpected step on Tuesday of cutting its target interest rate by half of one percentage point, joining policymakers across the globe in an effort to prevent the spreading coronavirus outbreak from plunging the world economy into recession. The action by the U.S.

OP Group: Novel coronavirus cuts growth forecast recession possible

Finland is among the European countries that may suffer the most from a global downswing, the financial group says.

Coronavirus Fed rate cut leaves little medicine for the next recession

Coronavirus is pushing Australia towards RECESSION with a high risk of a 'prolonged downturn'

The impact from the virus on the economy will be 'deeper, wider and longer,' than the SARS outbreak of the early 2000s, Mr Kennedy told a senate estimates hearing on Thursday morning.

Earnings Recession Risk Rising for Singapore on Virus Impact

Singapore’s globally lauded efforts to contain the deadly coronavirus may not be enough to help the nation’s companies avoid an earnings recession.

Will Coronavirus Push the World Into Recession? One CIO Isn’t Convinced Yet.

The coronavirus outbreak has rattled consumers and investors alike. But Sonal Desai, chief investment officer of Franklin Templeton’s fixed income group, isn’t convinced a global recession is inevitable.

Coronavirus could push UK to brink of recession says Goldman Sachs

Analysts at Deutsche Bank halve UK growth forecast for this year to only 0.5%

Goldman Sachs Says Coronavirus Will Push U.K. to ‘Edge of Recession’

Goldman Sachs called for a 50-basis point U.K. interest-rate cut to stave off a recession triggered by the virus.

Coronavirus Fallout Puts Italy at Risk of Recession

A sharp drop-off in foreign tourists and a cutback in spending by Italian households are raising concerns that a sustained fall in consumer spending would derail the EU’s third-biggest economy.