Monday, December 23, 2024
The post-Covid ‘zombification’ of advanced economies is here to stay, EIU warns- oil and gas 360

The post-Covid ‘zombification’ of advanced economies is here to stay, EIU warns

CNBC LONDON — The coronavirus pandemic is likely to cause a long-lasting “zombification” of the global economy, a prominent research firm warns. Agathe Demarais, global forecasting director of the Economist Intelligence Unit, suggested that those “zombie” features previously associated with the “Japanese economy — slow growth, low inflation and high debt — will become common across advanced economies” following the

Dow extends losses as tech and energy lead drop, oil hits $37 per barrel level- oil and gas 360

Dow extends losses as tech and energy lead drop, oil hits $37 per barrel level

Fox Business Stocks extended losses on Wednesday as COVID-19 lockdown fears gripped investors across the globe. Oil slipped nearly 6% to the $37 per barrel level. The Dow Jones Industrial Average dropped over 900 points or 3%, before bouncing off that low, while the Nasdaq Composite and S&P 500 declined more than 3%. Both the S&P 500 and Nasdaq are now negative for the