Bouncing from a three-year low on Tuesday on hopes of a major fiscal stimulus, Wall Street is looking to recover from the economic damage the coronavirus pandemic has caused.
Los tres índices más importantes de EEUU subieron más del 5% recuperándose de una caída masiva a causa de miedos recurrentes de una recesión a medida que países enteros continúan cerrando fronteras para prevenir que el virus continúe propagándose.
The S&P 500 has lost more than USD 9 trillion from its value in mid-February.
Also hopes are running high now that the U.S. Senate is looking forward to pass a USD 2 trillion stimulus bill aimed at providing financial aid to Americans out of work and help affected industries.
Also, there’s a separate proposal from Democrats in the U.S. looking to grant airlines and contractors a USD 40 billion bailout.
Industries worldwide continue to plummet as coronavirus continues to take its toll on international markets and its up to national banks to look for new ways to reactive economies as virus doesn’t look like stopping in the next few weeks.
Source:
Uday Sampath Kumar, Medha Singh (Reuters)
Ecuador Economic Indicators:
Nominal GDP (USD millions): 108,398 (2018) 107,562 (2018)
Monthly Inflation: 0.09 (Ju-2019) -0.15 (Feb-2020)
Quarterly Urban Unemployment Rate: 5.57 (Jun-2019) 4.95 (Dic-2019)
Monthly Reference Active Rate: 8.74 (Aug-2019) 8.77 (Mar-2020)
Monthly Reference Passive Rate: 5.92 (Aug-2019) 6.24 (Mar-2020)
Balance Trade Balance% Accumulated GDP: 0.10 (Jun-2019) 0.12 (Ene-2020)
Public External Debt% Monthly GDP: 36.04 (Jun-2019) 38.08 (Ene-2020)
Balance of the Internal Public Debt of the Central Government (USD million): 16,626.16 (Jun-2019) 16,790.32 (Ene-2020)
Dow Jones Index: 26,135.79 (08-19-19) 20,116,19 (24-03-20)
Country Risk: 737 (08-18-19) 6,063 (23-03-20)
Source:
Banco Central del Ecuador (BCE)
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