Economies that reopened sooner are not better off: Summers

About This Source - Bloomberg Markets and Finance

Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Recent Bloomberg Markets and Finance Items:

  • Global Oil Demand Has Yet to Peak, IEA Predicts
  • UBS CIO Haefele Likes Investment Grade, U.S. High Yield-Bonds
  • Cyclical, Value Stocks May Gain as Virus Fears Wane: UBS
  • May.22 — Lawrence H. Summers, former U.S. Treasury Secretary, looks at Sweden as an example of an economy that did not see any material benefit from keeping its businesses open through the outbreak. He also cautions that people’s fear to go shopping or dine in a restaurant could be a bigger threat to the economy than the lockdowns themselves.

    Leave a Comment