Leslie Joannides-Burgos – Staying Open During a Pandemic
Brookline Bank’s EVP of Retail and Business Banking, Leslie Joannides-Burgos discusses how, as an essential service, the bank has remained open through the Covid-19 pandemic. Hear how Brookline Bank adapted daily operations to continue to meet customers’ needs, while providing a safe environment for both customers and employees. Leslie’s interview with with Ann Murphy, of […]
Economic News – February 2021
It’s shaping up to be a cold winter for the U.S. economy, as the pandemic continues to rampage throughout the nation and wreak havoc on all forms of activity that involves in-person transactions. State and local governments are tightening business restrictions and urging residents to more diligently adhere to social distancing protocols.
Economic News – January 2021
We’ve always said that the health crisis would determine the path of the economy, and the latest news on the pandemic is concerning. Cases of the virus, hospitalization and mortality rates have surged to unfathomable levels, and health experts believe this distressing trend will accelerate after the holidays.
Economic News – December 2020
Like his former boss, President Barack Obama, Joe Biden will be inheriting a damaged economy when he takes office on January 20, 2021. The Covid-19 pandemic has not only sent the nation into its deepest recession since the 1930s, it is leaving indelible scars that will restrain activity for some time to come.
Economic News – November 2020
To say that uncertainty is rising would be an understatement. Political and policy uncertainties are surging with questions surrounding the next round of fiscal aid, questions around the outcome of the elections, questions around a peaceful transfer of power
Economic News – October 2020
Despite being portrayed as dismal scientists, we economists are not always pessimistic about economic prospects. In fact, we are happy to report that things are looking up in many respects.
Economic News – September 2020
The rebound in jobs, production and consumer spending in recent months strongly indicates that the recovery from the harsh Covid-19 recession is underway.
Economic News – August 2020
Just as government-mandated lockdowns sent the economy into a tailspin in March and April, the lifting of restrictions and the reopening of businesses propelled activity higher in May and June.
Economic News – July 2020
The healing process has begun. With important economic data for May now in the books, it looks like the economy hit bottom in April.
Economic News – June 2020
The coronavirus recession has hit the U.S. with tremendous force. Following the sizeable 4.8 percent contraction in GDP during the first quarter – putting an end to the longest expansion on record—activity is poised to plunge by a depression-like 30-40 percent annual rate in the second quarter.
Economic News – May 2020
The Covid-19 recession continues to wreak havoc on all sectors of the U.S. economy. Assuming 10-12 weeks of social-distancing and shelter-in-home restrictions from mid-March, the economy is poised to suffer the worst contraction during the second quarter than any time World War 11.
Economic News – April 2020
It won’t be confirmed for at least several months, but the U.S. is almost certainly hurtling into a recession. A little over a month ago, when the Covid-19 coronavirus first hit the headlines we, along with most economists, thought the nation could weather the storm if proper policies were quickly implemented