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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The majority of respondents will provide hand sanitizer, cleaning materials for workspaces, masks, and gloves for their frontline employees.
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.
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.
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.
Economists’ forecasts are based on the public health models projecting that the U.S. COVID-19 pandemic peaks in May.
Since 2007, banks have more than doubled the balance of the FDIC insurance fund that protects deposits to a record $110.3 billion.