PYMNTS

JANUARY 29, 2019

A new report says that the government shutdown has cost the country about $11 billion in gross domestic product, and will impact the United States’ economic growth for the rest of the year. Earlier this month, Federal Reserve Chairman Jay Powell warned that an extended government shutdown could be damaging to the U.S.

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PYMNTS

JULY 3, 2020

Small- and medium-sized businesses have been hit hard by the pandemic, but most are scrambling into digital pivots to blunt the impact of physical stores’ shutdowns, Colleen Taylor , executive vice president and head of merchant services at Wells Fargo , told Karen Webster during a recent conversation. economy will make it through.

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PYMNTS

AUGUST 5, 2020

Consumer spending data from J.P. Morgan Chase shows the economy at a standstill, according to a report by CNBC. Age was also a factor, with millennial and Generation Z consumer spending down 4 percent and baby boomer spending down as much as 18 percent. The Fed cited data from scheduling firm Homebase.

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PYMNTS

MARCH 23, 2020

Possible home buyers are reportedly expected to delay their purchases and open houses have been called off, as consumers remain in their residences to slow the coronavirus, Yahoo Finance reported. Many individuals in the United States are also worried about what the economy will signify for their jobs or finances.

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PYMNTS

SEPTEMBER 4, 2020

As India’s economy has shrunk to its worst level in 40 years in the second quarter (Q2), the nation’s businesses raised $31 billion in equity capital this year, according to global data provider Refinitiv. Reuters reported the record amount of cash stemmed from banks strengthening their balance sheets to prepare for an uncertain economy.

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PYMNTS

JUNE 12, 2020

consumers, according to data from a University of Michigan consumer survey released Friday (June 12). The widely-watched gauge of consumer sentiment posted its biggest gains in four years, showing a jump of 9.1 Few consumers anticipate the reestablishment of favorable economic conditions anytime soon,” Curtin said. “Few

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PYMNTS

MAY 7, 2020

I think it has changed the way consumers are thinking about their purchase decisions,” Recurly CEO Dan Burkhart noted in this week’s On The Agenda Digital Discussion with Karen Webster, along with FabFitFun CEO Daniel Broukhim and Handy Technologies CEO Oisin Hanrahan. “In Consumers, the panel noted, don’t want or need fewer things.

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PYMNTS

OCTOBER 16, 2020

Direct-to-consumer (D2C) selling has taken wing with the ascendance of eCommerce to retail’s throne. How consumer packaged goods (CPG) brands and subscription-based businesses respond to this important trend will be make-or-break for many. percent of consumers have bought CPG through these channel.”. They have to be creative.

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PYMNTS

NOVEMBER 22, 2020

Consumers freed by a COVID-19 vaccine from the last eight months of disease-related restrictions could unleash enough spending on services such as travel and dining to drive inflation to levels not seen in years, economists told the Wall Street Journal. Inflation is reported monthly as a year-over-year percentage change.

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PYMNTS

OCTOBER 1, 2020

Showfields was faced with either closing its operation or changing its business model to shift its business online during the statewide shutdown. Three weeks following the declared shutdown, Showfields began streaming live video shopping sessions on its new website. see all the things that they’re going to talk about.

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PYMNTS

JULY 30, 2020

economy contracted by almost a third (32.9 economy shrank 5 percent in Q1.). i.e., how much the economy would shrink if conditions observed during Q2 carried on for a year. Let’s check it out: Shutdowns Beget Mass Unemployment . economy added a record 4.8 percent) during the second quarter. percent as the U.S.

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PYMNTS

AUGUST 4, 2020

To say that consumers have shifted dramatically toward digital commerce — or that small- to medium-sized businesses ( SMBs ) all over the world have been rapidly pivoting to keep up with them — is almost an understatement. The consumer and the small business have to think about safety in ways they would have never done pre-COVID,” he said.

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PYMNTS

MAY 8, 2020

But in the new landscape, consumers, workers, and big and small businesses have all gone online, and are interacting in a largely digital way. It is a target-rich environment, he noted, and the fraudsters are actively pursuing it.

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PYMNTS

MAY 8, 2020

For the last several weeks speculation has run rampant on what the real effects of the COVID-19 pandemic and resultant shutdown would end up being by the numbers when the Q1 earnings officially hit the wires. Airbnb and the Gig Economy . In fact, by its own CEO’s description, times have been “harrowing.”.

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PYMNTS

JULY 15, 2020

will likely dampen the economy as well, Reuters reported. But I also worry about the psychological impact on consumer confidence.”. Brainard posited that the economy would instead continue to fluctuate, based on how the virus was progressing, with some industries doing better or worse than others.

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Federal Reserve Shutdown Economy Fed 73

PYMNTS

OCTOBER 21, 2020

Even before the shutdown announcement, Quibi had reportedly been working with outside advisers about the possibility of a sale or other strategic options to shore up the fledgling enterprise. While the study found that consumers are still using connected devices to shop and pay, they’re doing so differently now. Crushed By COVID-19 .

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PYMNTS

DECEMBER 27, 2018

27) that the economy on a global basis is headed for a slowdown next year. Reuters, citing the European Central Bank’s regular economic bulletin, reported the European Central Bank said the global economy will stabilize after a slowdown in 2019. That comes even with consumer spending and the U.S.

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PYMNTS

FEBRUARY 12, 2020

The annual event generally brings 100,000 visitors to Barcelona, and its sudden cancellation will reportedly cost the Spanish economy roughly $500 million. MWC is the latest bite that COVID-19 has taken out of the global economy, but it isn’t the first and, more likely than not, will not be the last. 24 through Feb.

Economy 57

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PYMNTS

MAY 4, 2020

said they have had their credit limit slashed or their card closed in the past month as lenders move to minimize their risk amid the COVID-19 shutdown, a new study revealed. Nearly 50 million credit card customers in the U.S. CompareCards commissioned Qualtrics to conduct an online survey of 1,039 credit cardholders from April 22-24.

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Credit Limit Credit Cards Card Issuer Shutdown 97

PYMNTS

APRIL 1, 2019

Retail sales fell in February, as consumers curbed their spending and the stimulus from the tax cuts began to disappear. Consumers may have reigned in spending because there has been a delay in processing taxes due to the recent partial government shutdown. In the fourth quarter, the economy grew 2.2 percent in February.

Consumer 43

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PYMNTS

OCTOBER 21, 2020

The pandemic has shifted priorities in regulatory policy tied to the financial services industry — and for Europe, it is heralding the emergence of a data-driven economy. The trends toward modernizing the banking system were only accelerated by lockdowns and shutdowns of brick-and-mortar locations. “If Ready for Digital Currencies? .

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PYMNTS

MARCH 3, 2019

Amid the biggest drop in consumer spending since 2009, personal incomes in the U.S. The moves began the early part of the first quarter by placing the economy on a path of weak growth, Reuters reported. Consumer spending, however, declined 0.5 economy slowed to an annual rate of 2.6 The economy grew 3.4

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PYMNTS

JUNE 25, 2020

In fact, for some people, the pandemic’s shutdown of the economy and normal life for several months provided time to breathe, with less stress from transportation or having to leave the house for work. That decline was matched by Gen Z respondents. But finances are a particular point of concern for both generations.

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PYMNTS

APRIL 23, 2020

As talk turns to reopening retail it’s becoming painfully clear that the business timeline and the consumer timeline don’t match. It shows that several conditions beyond simple government permission will be necessary for consumers to consider anything approaching non-essential normal shopping behavior. The survey showed that 48.8

Consumer 61

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PYMNTS

APRIL 20, 2020

PYMNTS’ Navigating the COVID-19 Pandemic: How the Paycheck-to-Paycheck Economy Is Beginning to Buckle reveals that the consumers who have already been hit hard by the epidemic, economically speaking, are bracing for an even harder future. Of the U.S. workers we spoke to, 48.8 mortgage holders who qualify for the loans.

Consumer 56

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PYMNTS

NOVEMBER 3, 2020

big-box supermarket chains where consumers go to purchase a week or so worth of food items are not the norm. But, as Jhina told PYMNTS in a recent interview, success not only means moving the needle in B2B eCommerce adoption, but also in digitizing India's largely-cash economy. Unlike the U.S., Tackling Unique Pain Points.

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B2C B2B Payments Economy 84

PYMNTS

JANUARY 23, 2019

The economic slowdown that has been flagged this week by the International Monetary Fund (IMF) is one that may be sparked in part by a no-deal Brexit , and fanned by a consistently slowing Chinese economy. The IMF has pointed toward the struggles of emerging economies that borrowed when rates were low, right off the Great Recession.

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PYMNTS

DECEMBER 23, 2020

Certain banks catering to small businesses will also continue to receive government support in the wake of a massive shutdown earlier this year due to the COVID-19 pandemic. China’s economy returned to growth in the second quarter and is now the only leading economy to show significant growth in 2020, with GDP growing 0.7%

Economy 69

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PYMNTS

JULY 2, 2020

But the economists found that pay cuts are still most prevalent among hourly workers who have seen their checks thin out as their hours diminished over the course of pandemic-related shutdowns. When PYMNTS polled consumers early in the pandemic about how the downturn was impacting their economic lives, a solid majority (59.2

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Shutdown Economy Consumer Posting 81

PYMNTS

AUGUST 31, 2020

India’s gross domestic product (GDP) fell by 24 percent in the second quarter (Q2) as the pandemic took its toll on the nation’s economy, according to a press release from the Ministry of Statistics & Programme Implementation (MOSPI). But consumer demand and manufacturing have not improved, the AP reported.

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PYMNTS

FEBRUARY 6, 2019

trillion, despite threats from a trade war with China and the recent government shutdown. “We We believe the underlying state of the economy is sound,” NRF President and CEO Matthew Shay said in a press release. The biggest priority is to ensure that our economy continues to grow and to avoid self-inflicted wounds. trillion. “We

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PYMNTS

MAY 29, 2020

The consumer savings rate hit a historic 33 percent in April, as Americans hunkered down amid COVID-19, the U.S. Analysts told CNBC while consumers account for more two-thirds of the economy, the recovery will depend upon whether the increase in savings stems from the shutdown or reflects a structural change in consumer habits.

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PYMNTS

OCTOBER 20, 2020

Until recently there was “a consumer” who industry felt it understood, and whose tastes it knew well enough to gauge the market of new products and services. In chronicling the digital shift since it went into high-gear last spring, PYMNTS has gathered valuable business intelligence on the demands of new digital-first consumers.

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PYMNTS

DECEMBER 31, 2020

As much as a click from the Kardashians helped spread the brand awareness and jump-start his company, Molnar said, as a spending trend among young consumers set the stage for BNPL's success. Although Edwards said that only 10 percent of consumers want to be paid by check, about 40 percent are still paid that way. That’s our No.

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PYMNTS

NOVEMBER 8, 2020

In June, airline industry insiders expressed limited optimism as it appeared consumers weary of having been pent-up for three months were eager — and possibly ready — to visit destinations around the world. Air travel appeared in July to be recovering from the first wave of pandemic-related shutdowns, but the recovery stalled.

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PYMNTS

NOVEMBER 1, 2020

Germany and France have enacted significant shutdowns expected to last about a month. data released Friday indicated the economy recovered more strongly than many experts had predicted. data released Friday indicated the economy recovered more strongly than many experts had predicted. In the U.S., In the U.S.,

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PYMNTS

APRIL 29, 2020

The housing market is temporarily grappling with the coronavirus-induced shutdown, which pulled down new listings and new contracts,” said Lawrence Yun, NAR’s chief economist, in a statement. . The housing market is temporarily grappling with the coronavirus-induced shutdown, which pulled down new listings and new contracts,” Yun said. “As

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