The Bundestag has introduced unprecedented measures in an attempt to mitigate the coronavirus crisis. Companies, the self-employed, and Hartz IV recipients are the primary beneficiaries of the package for which parliament even revoked Germany’s constitutional debt limit. What Do Merkel’s...
So far, Africa has suffered less coronavirus deaths and infections compared to other continents. However, the continent will not escape the looming economic slump as the pandemic continues to cripple economies around the world. On March 13, the Economic Commission...
As the US becomes crippled by the economic effects of Covid-19, the fiscal package that Congress is trying to implement to rescue the economy is being hampered by numerous obstacles. Political Disagreements are Blocking Stimulus Package The third coronavirus response...
Saudi Arabia has introduced a stimulus plan to counter worsening economic conditions. On Friday, it announced a $32 billion two-part emergency plan necessitated by low oil prices and the Covid-19 coronavirus global health crisis. Details of the Saudi Stimulus Package...
With the coronavirus wreaking havoc across the globe, slamming healthcare systems, forcing the closure of borders and causing an economic collapse, the world truly is unaware of which direction it’s headed in. While Italy, China and Iran remain the worst-affected...
As the US approaches the brink of an unprecedented recession caused by the novel coronavirus and an ongoing oil price war, blue collar workers and those in the service industry are struggling especially hard. Fully 18% of working Americans have...
The Chinese economy is a beast that’s not easily tamed. Through the most tumultuous of times — bloodshed at Tiananmen Square, the global financial crisis, Trump’s trade war — it has continued to grow. But now, in the face of...
As the coronavirus continues to impact upon the global economy, the President of the European Central Bank (ECB) Christine Lagarde has launched an emergency €750 billion package to ease the impact of the pandemic. It will buy government and company...
Facing plummeting oil prices and the spread of Covid-19, the United States may be on the cusp of a recession much like the one in 2008, and possibly worse. A series of events — all unrelated — have aligned to...
On March 15 the US Federal Reserve announced that it will slash interests rates to zero to cushion the American economy from the impact of the coronavirus pandemic. This will put interest rates in the range of 0 to 0.25...