With the rapid deterioration in the global economy as a result of the COVID-19 pandemic, Mark Zandi and the Moody's Analytics team present an update to our economic outlook.
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.
The near-term outlook for the housing market is dark, but the lack of supply and strong underlying demand will provide support over the longer term, particularly in certain segments and geographies.
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 $444 billion of revolving credit facilities.
The COVID-19 virus continues to spread and the economic damage is mounting. Recorded May 2020.
With the rapid deterioration in the global economy as a result of the COVID-19 pandemic, Moody's Analytics presents an update to our economic outlook for the US & Canada.
Every crisis is unique and the dynamics at play in each is different. That's true of the coronavirus pandemic - the nightmare scenario of a health care emergency accompanied by entire industries shutting down globally.
In March 2020, the issuance of US$-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.