Sources: CNN
The United Nations Economic Commission for Africa warns that the effects of the pandemic on Africa's economy could push the number of "extremely poor" Africans to 514 million people. The World Bank also announced a recession as the economies of African countries continue to shrink. 2021-12-24
President Joe Biden signs the PPP Extension Act of 2021, a bill that would extend the Paycheck Protection Program deadline from March 31 to May 31. 2021-03-30
Malaysia unveils an RM322.5 billion expansionary 2021 Budget to boost its domestic economic activity, according to government reports, as it grapples with the economic fallout of the pandemic and rising political uncertainty. 2020-11-6
The Reserve Bank of Australia slashes its official cash rate to a historic low 0.1%, in an attempt to boost spending in the economy and address the high rate of unemployment caused by the COVID-19 pandemic. It is also expected that the cash rate will not go up for at least another three years. 2020-11-3
The economy enters recession for the first time since 1987 after the country's GDP declined by 12.2% between April and June, amid a nationwide lockdown and travel bans due to COVID-19. 2020-09-17
Offshore drilling contractor Diamond Offshore Drilling files for bankruptcy due to the oil price collapse, following the reduction in oil demand during the global coronavirus pandemic. 2020-04-27
The 2020 Dayton Hamvention, the world's largest amateur radio convention, is cancelled due to the coronavirus pandemic. 2020-03-16
The bond market falls, in the first time since the financial crisis of 2007–08 that the stock and bond markets moved in the same direction, indicating a massive sell-off of portfolios as investors seek cash. 2020-03-11