ABA Data Bank: EAC Expects Real GDP to Contract by 5.7% in 2020
However, economists expressed a wide range of views, with little clustering, reflecting the great degree of economic uncertainty of the times.
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ABA Data Bank: Plans to Safeguard Bank Employees
The majority of respondents will provide hand sanitizer, cleaning materials for workspaces, masks, and gloves for their frontline employees.
Households Will Be Key to Economic Recovery from COVID-19
With consumers in the economic driver’s seat, here’s a look at several key indicators of the hit they’ve taken during the coronavirus pandemic.
ABA Data Bank: PPP Loans Reach Nearly Half of all Small Business Establishments in each State
The number of PPP loans approved in each state in round one and two, through May 1, equals nearly half or more (48-84%) of the total number of small business establishments in each state.
ABA Data Bank: Banks of All Sizes Continue Making PPP Loans in Second Round of Funding
ABA Data Bank: Economic Impact Payments Extend a Lifeline to Households
More than three out of four respondents said the economic impact payments included in the CARES Act would either temporarily or significantly support them financially for the next one to two months. Over half have used their EIP funds to purchase necessities, pay down debt or pay rent or a mortgage.
ABA Data Bank: Bank Economists Expect Deep Q2 Contraction, Followed by Second Half Rebound
Economists’ forecasts are based on the public health models projecting that the U.S. COVID-19 pandemic peaks in May.
ABA Data Bank: FDIC Insurance Fund at Record-High Balance
Since 2007, banks have more than doubled the balance of the FDIC insurance fund that protects deposits to a record $110.3 billion.