Trump has also proposed tax relief for airlines and other industries hit by the virus, as well as a payroll tax cut to combat the effect of a coronavirus outbreak on the economy.Ī recession could be short and followed by a recovery in the second half of the year if the outbreak of COVID-19, the illness caused by coronavirus, peaks in the next few months, according to the report. On Friday, President Trump signed an emergency coronavirus package, giving $8.3 billion to government efforts to contain the outbreak. In addition, Fels expects further fiscal easing by governments to support spending and prop up the economy. He also thinks that central banks around the world will follow with their own actions to ease monetary policy in the next few weeks, according to Bloomberg. Last week, the Federal Reserve issued its first and largest emergency rate cut since the financial crisis to protect the US economy and calm markets - still, investors continued to snap up haven assets and equities kept falling.įels expects the Fed to slash interest rates by at least another 50 basis points and says there's a possibility that rates could return to zero. Markets have plummeted as investors pile into long-term US Treasury bonds, pushing yields to record lows amid panic that the coronavirus outbreak that originated in Wuhan, China, will hinder global growth. Fels also cited concerns about the travel market and China's manufacturing slip, according to the report. Previously, PIMCO said there was a 35% chance of a recession in the next 24 months, according to Bloomberg. "The worst for the economy is still to come over the next several months," Fels wrote. The US and Europe face the "distinct possibility" of a technical recession in the first half of 2020, according to a note from Joachim Fels, global chief adviser at Pacific Investment Management Co., Bloomberg reported. It's also setting up the US and Europe for a recession, according to PIMCO. I am sure that the collection will give a great overview of the special and beautiful American Trucks.The coronavirus outbreak has weighed on supply and demand and sent markets into a tailspin as investors flee to safe-haven assets. If that is the case please tell me and I will immediately remove the picture or change the source. It is however possible that I do not know who originally made a picture or that a picture has copyrights that I am not aware of. If you send me information I will ofcourse explicitely mention your name or the source of information. I will publish my own pictures or pictures that I have in my own collection. If you have any additional information, pictures, prints or documentation, please send a reaction via one of my messages and I will add it, after contacting you by mail. Macks, Kenworths, Peterbilts, Freightliners and other trucks from especially Europe, but also Asia, Africa, North and South America will be added to this log to give a complete overview and impression of the american trucks. In this Blog I will try to give an overview of American Trucks driving on all continents of the world. Welcome to the Blog with pictures of the most beautiful American Trucks.
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