Bitcoin highs, retail lows and 48 creatures saved from extinction
We round up the numbers to know from the week’s biggest economic and business news stories so you can impress yourself and your friends. The new Fed estimate expects the US economy to shrink 2.4 this year – a marked improvement over its September estimate for a 3.7 percent contraction. The Fed While unemployment is projected to fall to 5 percent next year, the Fed doesn’t expect it to return to its pre-pandemic level of 3.7 percent until 2023 – making for a few tough years for many unemployed workers and their families. Without more stimulus aid, many Americans are feeling financially insecure – and more than 10 million jobs lost at the start of the pandemic still haven’t come back yet. $900bn That’s the reported price tag on a proposed coronavirus relief aid package that’s wending its way through the US Congress as the clock ticks down to the end of the year.
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