In this webinar replay, Mark Zandi and the Moody’s Analytics team examine the economic impact on the national and regional economy, including the effect on GDP, corporate profits, gas prices, as well as property damage estimates for infrastructure, real estate and vehicles.
Hurricane Harvey is poised to become one of the costliest natural disasters in U.S. history. It will take a significant toll on Southeast Texas, but is unlikely to be a macroeconomic event. Harvey could leave a small but temporary mark on U.S. GDP that likely won't be enormous unless there are significant disruptions to the energy industry.
Chief Economist Mark Zandi discusses the economic impact of Hurricane Harvey including:
- What is the hurricane's immediate impact on the regional and national economies?
- What are the implications for the U.S. energy industry?
As inferred from May-to-date's average 2.56-million initial state jobless claims per week, another outsized shrinkage of payrolls is likely following the loss of 881,000 jobs in March and the mind-boggling disappearance of 20.54-million jobs in April.
Across all rating categories, the recent $7.830 trillion of nonfinancial-corporate debt of North American nonfinancial companies rated by Moody's Investors Service was divided among $5.994 trillion of outstanding corporate bonds, $1.392 trillion of outstanding loans, and $444 billion of revolving credit facilities.
The COVID-19 virus continues to spread and the economic damage is mounting. Recorded May 2020.
With the rapid deterioration in the global economy as a result of the COVID-19 pandemic, Moody's Analytics presents an update to our economic outlook for the US & Canada.
In March 2020, the issuance of US$-denominated investment-grade (IG) corporate bonds soared to a record $268 billion, which far surpassed January 2017's erstwhile zenith of $193 billion.
In this webinar, Mark Zandi and the Moody’s Analytics team answer wide-ranging questions from audience participants stemming from the economic impact of COVID-19.
April will be home to the most pronounced monthly shrinkage of U.S. payrolls since January 1939 at least.
The apex of the economic blow from the coronavirus in the U.S. is occurring now.
Thus far in April, earnings-sensitive financial markets have improved despite what is likely to be a wretched month for both U.S. business activity and the labor market.
The Federal Reserve's performance in reaction to the COVID-19 recession has been superb.