Tag: Stronger

New economic recovery plan for Bay County aims to make the community stronger

BAY CITY, MI – A group of area leaders gathered online this week to present a plan to address economic recovery in Bay County following the coronavirus pandemic.

Bay Future, Inc. hosted its 2020 annual meeting on Wednesday, Sept 23. Members of the Bay Future Economic Recovery Task Force presented information about the ‘Bay Future: Drive. Forward. Strategic Action Plan’ which aims to set a roadmap for recovery of the Bay County economy in the next two years.

The original Bay Future plan was launched in 2019 as a five-year, $2.5 million campaign in hopes of adding jobs and investment to the Bay County area. The original plan focuses on the areas of helping existing businesses and entrepreneur development, new business recruitment and job growth, workforce development, marketing available “shovel ready” locations and sites, and promoting local and regional communication and collaboration.

But times have changed as the economic situation

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ECB Confronts Weaker Economy, Stronger Euro: Decision Day Guide

(Bloomberg) — European Central Bank President Christine Lagarde will have to walk a fine line on Thursday as she portrays a euro-area economy that’s recovering as hoped from the coronavirus pandemic yet still in need of massive support.

While new economic projections will confirm that the worst downside risks haven’t materialized, they’ll still be bleak and subject to high uncertainty. Lagarde also now has to deal with a stronger euro that could hamper the upturn.

Christine Lagarde with his mouth open: European Central Bank President Christine Lagarde Announces Rate Decision

© Bloomberg
European Central Bank President Christine Lagarde Announces Rate Decision

Christine Lagarde

Photographer: Alex Kraus/Bloomberg

Read more: ECB Forecasts Said to Show More Confidence in Economic Outlook

The Governing Council is expected to keep its 1.35 trillion euro ($1.6 trillion) emergency bond-buying program and record-low interest rates unchanged for now. But the president will be quizzed in her press conferences on market expectations for more stimulus later this year.

a screenshot of a cell phone: ECB Timeline

© Bloomberg
ECB Timeline


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