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India’s Consumers Struggle To Overcome Virus Shutdown

PYMNTS

The shutdowns and fears of the virus caused India’s gross domestic product (GDP) to fall by around 20 percent in the quarter ending in June as opposed to last year. The shutdowns hit Indian women especially hard in the economic department, offsetting years of gains made for women in employment in the country.

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Gov’t Shutdown Costs Creep To $11B

PYMNTS

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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What To Make Of The Gradual Return Of The In-Office Workforce

PYMNTS

But the cable cars are still sitting still, and ridership on public transportation remains down by 90 percent because even given the option to return to their offices by the state, local tech and office workers aren’t exactly enthused to return. percent of workers have left home to return to the office nationally.

Returns 60
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Latest Consumer Survey Doesn’t Show Good News For Shopping Malls

PYMNTS

consumers – found that customers won’t return to anything approaching “normal” shopping until several things happen beyond a simple government go-ahead. It turns out social distancing isn’t just a government order, but is also a real concern to consumers – and a potential hindrance to retail recovery. When asked for their No.

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Retail Reopening: Business And Consumer Timelines Do Not Match

PYMNTS

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

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Coronavirus Boosts Mom, Apple Pie And A Return To ‘Leave It To Beaver’ America

PYMNTS

The stock market, the unemployment tick-up, the uncertainty, the growing number of coronavirus cases, the concerns about the healthcare system, the small business shutdowns with uncertain futures – pick your poison in terms of bad news. They are time-consuming, they make for good team activities and they can be done on an ongoing basis.

Returns 73
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New COVID-19 Wave Crashes Through Global Economy

PYMNTS

The sudden spike and the possibility of hospitals being overwhelmed means Swiss officials will soon announce new national measures to curb the infection, and they’re under extreme pressure from doctors to impose a strict national shutdown. European shutdown measures have led to protests and even small riots in Italy.

Economy 71