from Boom Bust
World Health Organization officials addressed the possibility of lifting COVID-19 coronavirus measures on Monday. In the United States, there is a push to lift restrictions by May 1st in an effort to mitigate the economic impact of the pandemic. U.S. President Donald Trump tweeted that it is up to him, not individual states, to set a timeline for reopening the economy. Meanwhile, the world’s top oil producers managed to pull off a historic deal in an agreement to cut output by 9.7 million barrels per day for the next two months. After days of discussions and negotiations, OPEC members and allied non-members, including Russia and Mexico, finalized the deal. Plus, there is no lack of frustrations for small business owners who have been repeatedly promised that financial help is on the way. There are multiple programs that Washington insists would provide emergency funding to small businesses. But it seems that nothing has been provided.
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