Despite all the praise on how Germany has handled the COVID-19 crisis, the country is not immune to the economic impact either. Germany’s Economy Slumps As a result of the pandemic’s effects, the German economy shrank by 2.2 percent in...
March 11, 2020 marked the official end of the longest bull market in history. The Dow Jones went down 20.3% from the record high of 29,568 points it had reached exactly a month ago. Panic and uncertainty engulfed the markets...
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...
Coronavirus is pushing the UK to the brink of recession according to Goldman Sachs, a leading global investment banking, securities and investment management firm. The American firm is predicting the UK’s economy to shrink by -0.2 by the end of...
Hong Kong is officially in a recession, according to third-quarter results released Thursday. It contracted 3.2 per cent from July to September, a stark contrast to the 0.5-per cent downturn in the previous three-month period. On a larger scale, the...
For many economists and political commentators, Latin America was the utopia in the mid-2000s when the region was experiencing unprecedented growth and democracy seemed to have more or less consolidated in several countries. From Brazil – which saw its aggregate...
“The economy is booming”, a Trump tweet read on Friday, just before the Treasury Department announced the latest deficit figures. One of President Trump’s promises had been to reverse the federal deficit within eight years. After his second completed fiscal...
We’re in the calm before the storm. Soon, dark clouds of economic misery will burst, and a tidal wave of poverty will consume the planet. That’s what the experts are saying, anyway. A new global recession is in the offing,...
The last few years of this decade have seen some surprises in terms of political victories, and 2019 is no exception. Australian Prime Minister Scott Morrison’s victory in Saturday’s elections prove that yet again, conservatives have defied the polls and...
Not long ago, the French Finance Minister mouthed off about the “recession in Italy and its threat to Europe“. Italy is technically in a recession, but not by very much. Meanwhile, the European Central Bank (ECB) is sabre-rattling about the...
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