The United States is in recession, events affecting the global stock as the World Bank predicts a decline in global production by 5.2% during the current year 2020, although the Nasdaq remains at its highest level ever.
Regarding oil prices, it is expected that Crude Oil will give up some of its recent gains.
While the IPO market is preparing to receive shares Vroom During this busy week.
Here’s what you should know in the financial markets during today’s Tuesday.
events affecting the global stock
The United States of America is officially experiencing a recession
The United States has been officially declared to be in recession as a result of the social divergence measures taken by the country following the spread of the Coronavirus, which began to be applied during February, ending the longest period of economic expansion in the United States of America.
Late Monday, the National Bureau of Economic Research, which represents the governing body for business cycles in the United States of America, stated that ” the unprecedented size of the decline in the rate of employment and production, and its widespread penetration in all aspects of the economy, requires recognition of the country’s entry into a phase Stagnation, even if it turns out to be shorter than previous contractions. “
This recognition was not surprising. In the end, the GDP of the United States of America decreased by 4.8% year on year during the first three months of the year, and the coming quarter is expected to be much worse. At the same time, the unemployment rate rose from the record low level by 3.5% during the month of February, to reach 14.7% during the month of April, and 13.3% during the last month.
Feasibility for a plant
The feasibility study for a factory, which is a study prepared by the owner of the factory or assigning someone who trusts them to prepare this study, as the success of any project depends on the development of the feasibility study established and its efficiency, and the more realistic a feasibility study is drawn up and is familiar with the most important elements, the success of the project is more achieved.