The German economy is likely to shrink by 6.6% this year as a consequence of the coronavirus crisis before growing by 10.2% in 2021, the Ifo Institute said on Thursday in its latest update. Ciara Lee..
The European Commission on Wednesday unveiled a plan to borrow on the market and then disburse to EU countries 750 billion euros in grants and loans to help them recover from their coronavirus slump...
Britain's inflation rate sank in April to its lowest since August 2016 as the coronavirus pandemic pushed down global oil prices and clothing stores slashed prices, bolstering the prospect of more Bank..
Equity benchmark indices gained for the second consecutive day on Wednesday as heavy buying was witnessed in pharma and financial stocks. The BSE SandP Sensex closed 622 points or 2.06 per cent higher..
· Most global stocks rose on Thursday, shrugging off the approval of a new security law in Hong Kong, which many fear will allow Beijing to rule the semi-autonomous region with greater control,.. Business Insider - Published
Covid-19 has disrupted all of our lives in countless ways, and mandatory closures have been a gut punch for many small businesses. The lucky ones have found ways to reimagine themselves, to keep afloat.. bizjournals - Published
Although the government and NBS said a recession is imminent, experts say it can be cut short and growth quickly restored with the right policies
The post Coronavirus: How Nigeria can reduce impact.. Premium Times Nigeria - Published
Turkey begun operating intercity trains on Thursday after a two-month gap, as it gradually eases coronavirus curbs in a bid to restore normal life and reopen an economy facing the threat of recession. Reuters India - Published Also reported by •Reuters
The death toll from the novel coronavirus in the US has crossed one lakh, the highest for any country in the world, as the COVID-19 pandemic wreaks havoc across the globe by upending life and.. Mid-Day - Published
In recent weeks, Ryan Toth has been relieved to see several new construction projects come up for bid. But top of mind for him is something Peter Beck, executive chairman of Beck Group, once told him... bizjournals - Published
Alcorn Construction Inc. has weathered a downturn before. But much has changed since Chris Alcorn and his wife, Amy, founded the company in a basement during the height of the Great Recession in 2008... bizjournals - Published
The founders and owners of Packrite in High Point know a little something about navigating a challenging economy. The majority woman-owned corrugated paper packaging maker was founded by.. bizjournals - Published
The profits of Europe's biggest listed firms are expected to halve in the second quarter, as lockdowns implemented across the continent to curb the spread of the COVID-19 pandemic triggered a massive.. Reuters India - Published
Japanese Prime Minister Shinzo Abe's cabinet approved on Wednesday a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world's.. Reuters India - Published
Singapore's exports of pharmaceutical products have surged this year as the coronavirus pandemic prompts worldwide stockpiling of drug ingredients, providing a much needed salve for an economy facing.. Reuters India - Published
India's fourth recession since independence, the first since liberalisation and perhaps the worst to date, is here, CRISIL said on Tuesday as it predicted the economy to shrink by 5 per cent in the.. IndiaTimes - Published
Singapore rolled out its fourth multi-billion-dollar stimulus package in as many months on Tuesday, as it forecast a deeper recession than previously expected with the COVID-19 pandemic battering the.. Reuters India - Published
Singapore downgraded its 2020 gross domestic product forecast for the third time on Tuesday, the trade ministry said, as the bellwether economy braces for its deepest ever recession. Reuters India - Published
A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed on Monday, giving a glimpse of the damage caused by.. Reuters India - Published
Japan's central bank unveiled its own version of the U.S. Federal Reserve's "Main Street" lending programme on Friday, to channel nearly $280 billion to small businesses hit by the coronavirus and stop.. Reuters India - Published
Britain is enduring its deepest recession in centuries but the havoc wrought by the coronavirus pandemic will not be enough to push the Bank of England to adopt negative interest rates, a Reuters poll.. Reuters India - Published
Japan's central bank will create its own version of the U.S. Federal Reserve's "Main Street" lending programme to channel more money to small businesses, in a bid to keep the coronavirus pandemic from.. Reuters India - Published
Japan may lift the state of emergency in Tokyo as early as next week if new coronavirus infections remain low, Prime Minister Shinzo Abe said on Thursday, raising hopes that the world's third-largest.. Reuters India - Published
Argentina is racing to avoid a messy ninth sovereign default as it firefights recession, stubborn inflation and increasingly wary investors, who have pushed the South American grain giant's bonds into.. Reuters India - Published
Against the backdrop of a global pandemic, steep recession, intensifying U.S-China tensions and rising protectionism, the WTO needs to name a leader. Only the resilient should apply. Reuters India - Published
Japan's exports fell the most since the 2009 global financial crisis in April as the coronavirus pandemic slammed world demand for cars, industrial materials and other goods, likely pushing the world's.. Reuters India - Published
Crude prices rose and a gauge of global equities broke out of a three-week trading range on Wednesday as investors bet on a rapid recovery from the coronavirus-induced recession. Reuters India - Published
Lowe's Cos Inc warned on Wednesday that high spending on do-it-yourself projects by people hunkered down at home due to coronavirus lockdowns would taper off in the coming months, as a deep economic.. Reuters India - Published