Economic Contraction
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Albania has the opportunity to build a more sustainable growth model
The Western Balkans region is recovering from the 2020 recession induced by COVID-19, thanks to a faster-than-expected recovery in 2021, says the latest edition of the ... -
A real-time revolution will revolutionize the practice of macroeconomics
23 October 2021 DOES EVERYONE really understand what’s going on in the global economy? The pandemic has left many observers distraught. Few predicted $ 80 worth ... -
Companies re-hire when states reopen: treasurer
Treasurer Josh Frydenberg said companies were rehiring as coronavirus restrictions eased, indicating a strong economic recovery. The National Skills Commission vacancy report for September confirmed that ... -
Treasurer confident of a strong recovery | Magnet
Treasurer Josh Frydenberg is confident Australia’s economy will rebound strongly from its virus lockdown setbacks by the end of this year and through 2022. His optimism ... -
Improvement of the service sector but the contraction of Covid remains
The service sector remains in contraction but activity has recovered. BusinessNZ chief executive Kirk Hope said that despite improvements in the sector, Covid-19 and its associated ... -
Buy these stocks to protect yourself against a winter of discontent
Rising energy bills, labor shortages and winding lines at gas stations have made inflation a favorite topic of dinner conversations across the country. But the debate ... -
Vietnam to slow global supply chains despite lockdown lifted
After nearly three months of lockdown, Vietnamese towns and villages, offices and factories are slowly coming back to life after social distancing restrictions were relaxed in ... -
The Philippines among the least attractive FDI destinations in APAC
The Philippines remains one of the least attractive destinations for foreign direct investment in the Asia-Pacific region due to poor infrastructure. – PHILIPPINE STAR / MICHAEL ... -
Contradictions in Nigeria’s Jobless GDP Growth
October 10 (THEWILL) – Nigeria’s GDP growth does not indicate an increase in production that could spill over into job creation. Positive growth in gross domestic ... -
US to meet with Taliban representatives in Qatar: reports
A delegation of US officials will meet with representatives of the Taliban in Doha, Qatar this weekend, the first face-to-face meeting between officials from the two ... -
Hutchins Roundup: racial disparities, the Phillips curve and more
What’s the latest thinking in fiscal and monetary policy? The Cackling Roundup keeps you up to date with the latest research, graphics and speeches. Would you ... -
Asian stocks rise as debt pullback fears boost Wall Street rally
TOKYO (AP) – Asian stocks rose on Thursday, following a rally on Wall Street after signs of progress in resolving the congressional deadlock over the debt ... -
Lopez sees recovery in late 2022 or early 2023
Commerce Secretary Ramon Lopez said on Wednesday that some subsectors of the economy would return to pre-pandemic levels in late 2022 or early 2023. During the ... -
As deadline approaches, Wheeler’s recall campaign takes legal action against town to extend deadline
As the campaign to recall Portland Mayor Ted Wheeler nears its Oct. 6 deadline for collecting signatures, it is once again trying to stay alive, filing ... -
Weaker PMI amid concerns over supply disruptions
THE PORT CONGESTION: Uncertainty persists over supply chain unrest and port blockages, leading index to slowest advance in 14 months By Crystal Hsu / Journalist The ... -
‘Time to lift curfew,’ says Dr Githinji as he pushes for mass vaccination
According to Amref Health Africa Global CEO Dr Githinji Gitahi, for example, curfews should be lifted and moved as needed across Africa, to tackle localized outbreaks ... -
As pandemic crashed economy, some made money – The New Indian Express
The recently released Hurun List for India’s Richest shows that the pandemic was inconsequential for a whole bunch of people. To slow down. Demand paralysis. It ... -
Merchandise exports jumped 21% year-on-year in September to $ 33.4 billion
New Delhi: Gireesh Chandra Prasad [email protected] New Delhi India’s merchandise exports jumped to $ 33.44 billion in September, a jump of 21.35% from the level seen ... -
Ending unemployment benefits was premature – the Bowdoin Orient
Juliana Vandermark Despite the rationale for ending extended unemployment benefits, there is little evidence to prove that it will reduce unemployment. In response to the COVID-induced ... -
Manufacturing in China unexpectedly decreases, services offer support
BEIJING (Reuters) – Chinese factories’ activity unexpectedly declined in September amid tighter restrictions on electricity use and high input prices, while services resumed expansion as epidemics ... -
A fair economic recovery is possible and affordable; it’s time for billionaires and businesses to get involved | Chroniclers
Worse yet, the richest 1% of earners avoid $ 163 billion in taxes each year. A recent survey revealed how the nation’s wealthiest people pay far ... -
Janet Yellen warns US default would trigger crisis and recession
US Treasury Secretary Janet Yellen has said that a default linked to the failure to raise the debt ceiling would be a “manufacturing crisis” that could ... -
Mexico’s economic activity rebounded 7.1% per year in July
Mexico City, Sep 27 (EFE) .- Mexico’s economic activity rebounded 7.1% year-on-year in July 2021 compared to the same month a year earlier due to higher ... -
Building a healthy e-commerce industry requires strong action
Mon Sep 27, 2021 12:00 AM The e-commerce sector in Bangladesh has immense potential; it must be protected from unscrupulous business practices. Photo: Collected “> The ... -
Coronavirus expected to slow growth in some Asian economies
Developing economies in Asia are likely to experience slower-than-expected growth due to protracted coronavirus outbreaks and uneven progress in vaccinations, the Asian Development Bank said in ... -
Progressive taxation for our time
As developing countries struggle to cope with the pandemic, they risk being further slowed down by restrictive fiscal policies. These were imposed by the rich countries ... -
How technology plays a big role in boosting the Indian economy
Read the article According to a recent World Bank report, India’s economy is expected to grow 8.3% in 2021, 7.5% in 2022 and by 2023 India’s ... -
Second-quarter domestic production up by N $ 500 million
The Namibian economy produced goods and services to the tune of N $ 43.3 billion between April and May this year, the Namibia’s statistics agency (NSA) ... -
Much remains to be done to revive UP’s economy
A recent report on the economy of Uttar Pradesh released by the State Planning Institute (Economic and Statistical Division) does not paint a rosy picture of ... -
5 brand stocks to buy put your fists in if the market collapses
For 18 months, investors have benefited from a historic rebound in the S&P 500. Since reaching its bear market low in March 2020, the widely followed ... -
Absa says she is about to implement a new B-BBEE transaction …
Absa’s first empowerment deal has long raised eyebrows as to whether it was true empowerment. (Photo: Waldo Swiegers / Bloomberg via Getty Images) Absa is no ... -
India performs well in EM ranking as Asian peers battle covid-19
Spurred on by a rapidly improving covid-19 vaccination campaign and declining infections, India’s economy was largely able to maintain its growth advantage over other key emerging ... -
Disney World won’t be cheaper anytime soon
When Disney (NYSE: DIS) announced prices for its new Space 220 restaurant, a richly themed dining experience located in a space station overlooking panoramic projections of ... -
New York Saddles With $ 9 Billion Unemployment Debt | New
ALBANY (TNS) – The New York Unemployment Insurance Trust Fund has about $ 9 billion in debt, more than double what the state took four years ... -
Transparent and Efficient Debt Discovery is Key to Deepening India’s Debt Markets
Traditionally, the state of economic development of a market is a function of the depth of its debt market. This is mainly due to the fact ... -
New Internet and Taxes on Phone Calls Increase Collections by 31%
Economy New Internet and Taxes on Phone Calls Increase Collections by 31% Monday, September 20, 2021 By CONSTANT MUNDAMore from this author Summary The Kenya Revenue ... -
Explaining the economic crisis in Lebanon today
TACOMA, Washington – Over the past 18 months, Lebanon has been in turmoil. From the devastating explosion in Beirut in August 2020 to the COVID-19 epidemic, ... -
Atlantic City halfway to ease the debt burden | Local News
“This is the very definition of a competent government,” said Oliver. “As the city’s debt service is further reduced, the state and city will continue to ... -
Economic prosperity awaits SA on the horizon, adviser says
Botha, who was the guest speaker at a business breakfast presented by Church Unlimited on Friday, September 10, told the Mbombela business community that South Africa ... -
Winning the Workers: How Federal Parties Plan to Create Jobs as Closures Lift
TORONTO – As Election Day approaches, CTV News Toronto takes a closer look at the issues most important to local voters, breaking party promises as they ... -
Main unemployed cite skills mismatch and COVID-19 concerns as top barriers to employment
Sept. 16 – There is a shortage of workers in Maine’s economy, but job seekers are struggling to re-enter the workforce because jobs don’t match their ... -
China, Turkey back G-20 as second-quarter growth surpasses pre-pandemic level
The economic growth of G-20 member countries during the April-June period exceeded pre-pandemic levels, the Organization for Economic Co-operation and Development (OECD) said but warned that ... -
India’s economy is firmly on track for long-term recovery and renewal, says Vice President Naidu
The vice president also echoed comments by Chief Minister MK Stalin that the history of the Indian subcontinent needs to be “rewrittenâ€. (To file) India’s economy ... -
Fact Check: Have GHG Emissions Increased Under Trudeau?
The NDP attacked Justin Trudeau and the Liberals’ climate change record on Tuesday, saying that despite big promises, the Grits have failed to reduce greenhouse gas ... -
Recession averted, risk again this year | County Chief of St George and Sutherland
Australia’s economy may have avoided the immediate threat of a second recession in as many years, but there remains a risk of a slowdown until the ... -
Frydenberg warns states to stick to roadmap amid recession fears
“The world will open, Australia will open … Opening up as a single country and according to plan will not only give people hope, but will ... -
June quarter GDP may not be so rosy | Wellington Hours
Much of the recent attention among the fraternity of economists has been on Australia’s economic performance during the September quarter, and whether an expected contraction will ... -
Stocks open higher ahead of economic data
US stocks edged higher on Monday as investors wait for data on the manufacturing and service sectors. The S&P 500 rose 0.6%, pointing to the broad ... -
Consultants charge $ 550,000 for six weeks of work on the NSW rail entity
A Herald An investigation in June revealed that TAHE was created in 2015 to allow the government to hide the costs of the rail system by ... -
“The Malaysian economy is still far from a full recovery”
The shrinking political space and limited budgetary resources could push the government to temporarily raise the self-imposed statutory debt ceiling, this time to 65 percent, observes ... -
GDP figures mask tough year for Ireland’s domestic economy
The Irish economy has weathered the global recession caused by the Covid-19 pandemic better than most, thanks to a strong performance from its multinational sector which ... -
CIMBT: Contraction probable this year
A bureau de change on Khaosan Road. CIMBT expects the baht to continue to depreciate against the greenback next week. CIMB Thai Bank (CIMBT) expects the ... -
Indonesia’s economic recovery is heading in the right direction, SOE minister says
This growth shows that the direction of economic growth is on the right track Jakarta (ANTARA) – Indonesia’s economic recovery is heading in the right direction ... -
How a fight for the economy could shape the GOP’s post-Trump future
The debate centers on the lessons to be learned from Donald Trump, who spoke like a populist but ruled – with the exception of trade policy ... -
GCC countries back on track for economic growth after pandemic contraction
More reforms are needed to achieve economic diversification and improve competitiveness Riyadh, August 4, 2021 – After a year of economic crisis, the economies of the ... -
In a year of resumption of growth, food production could experience a contraction
Although some parts of the country are affected by devastating floods, monsoons have been erratic and insufficient in many areas. As a result, planting during India’s ... -
BSP: Timely and wider vaccination to avoid deeper economic scars
Lawrence Agcaoili (The Philippine Star) – July 24, 2021 – 12:00 am MANILA, Philippines – Rapid and widespread access to vaccines is crucial to preventing deeper ... -
The pandemic recession was the shortest on record in the United States
NEW DELHI: While the Covid-19 pandemic is far from over, as the growing number of cases in various countries sadly illustrates, the recession it has caused ... -
Glynn’s Take: RBA Bonds Rise Buy Glass-Only Option
By James Glynn SYDNEY – It’s not too far to imagine Reserve Bank of Australia Governor Philip Lowe in the wheelhouse of a squeaky machine called ... -
Clarity of need and strength of intention
Winston Churchill, Mahatma Gandhi, Adolfo Suarez, Nelson Mandela, Lee Kwan Yew and our own Manuel L. Quezon are among the transformative leaders of the 20th century. ... -
Should central banks have a green mandate? by Robert Skidelsky
Involving central banks in allocating money on the basis of “greening†forces them to make political decisions for which governments should be held accountable. The UK ... -
Philippines confirms 5,411 new cases of COVID-19
ABS-CBN Data Analysis Group MANILA – The Philippines confirmed 5,411 new cases of COVID-19 on Sunday, bringing the country’s total to 1,507,775. The Department of Health ... -
As Lebanon crumbles, Riad Salameh faces questions
The coronavirus pandemic and a huge explosion in the port of Beirut last August have further devastated the economy. Estimates put the central bank‘s losses at ... -
Scott Morrison urges Apec leaders to increase mRNA vaccine production, brags about Australian economy | Scott Morrison
Scott Morrison urged world leaders to increase production of mRNA vaccines such as Pfizer’s during an Apec meeting to discuss recovery from the Covid-19 pandemic. New ... -
Analysis: when Erdogan’s Turkish economic miracle began to fail
Electoral test scheduled for 2023, centenary of the Republic of Turkey 2013 marked a turning point after a decade of gains Declining equality, prosperity and employment ... -
Leechiu: The pogos are coming back
The exodus of Philippine Offshore Gaming Operator (Pogo) companies that characterized Metro Manila’s office sector woes in 2020 is over and demand for new space is ... -
NH is ready to attract more foreign investment
Despite the lingering effects of a global pandemic and the Trump administration’s trade wars, foreign markets and foreign business investment remain a vital part of NH’s ... -
Private workforce losses show economic decline in Montgomery County
Montgomery County’s long economic decline is accelerating, and if residents and businesses aren’t alarmed yet, they should be. Despite an educated workforce, proximity to the nation’s ... -
Russian Economy Ministry raises 2021 GDP and inflation forecast
MOSCOW, July 9 (Reuters) – The Russian Economy Ministry has raised its outlook for economic growth and oil prices in 2021 and is now looking at ... -
SwedCham presents the results of the 2021 business climate survey
Earlier this year, Team Sweden asked members of the Swedish Hong Kong Chamber of Commerce what they think of the business climate in Hong Kong. The ... -
In the Indian states, economic activity resumed in June
Early data from June suggests India’s economy picked up speed after a lockdown-induced collapse in May, and the economic damage was less severe than during the ... -
3 decades of reforms: the Cup is only half full
Manmohan Singh’s budget speech of July 24, 1991 is seen as the harbinger of economic reforms in India, although many believe the process began on June ... -
Cement sales volume increases 10-30% sequentially in June
MUMBAI : Cement demand surged sharply in June with the ease of economic restrictions in several states. However, extreme rains in some pockets, especially in the ... -
Macro readers say Fy22’s bumpy start could drag on
Economic disruption due to the COVID-19-induced pandemic forced the Indian economy to contract 7.3% in the previous fiscal year. The contraction was not homogeneous, however – ... -
S&P 500 winning streak extends to sixth consecutive record
Weekly jobless claims drop more than expected Didi Global jumps to the second trading day Walgreens tumbles on COVID-19 vaccine forecast Rising indices: Dow 0.38%, S&P ... -
Ecuadorian economy fell 5.6% in first quarter, central bank says
QUITO, June 30 (Reuters) – Ecuador’s economy contracted 5.6% in the first quarter of 2021 compared to the same period a year earlier, the country’s central ... -
Indian economy: India will be second fastest growing economy after China this year
Even though inflation concerns weigh heavily and the jury is still out on the impact of the second wave of infection, India is expected to become ... -
Markets likely to be volatile; diagnosis, focus on banking values
MUMBAI: Markets are expected to be volatile on Monday as trends from SGX Nifty suggest a flat opening in Indian benchmarks. On Friday, the two benchmarks ... -
Guyanese president ready to cooperate in efforts to fight climate change – NationNews Barbados – nationnews.com
Posted on June 26, 2021 President of Guyana, Irfaan Ali. (PF) Georgetown – Guyana on Friday warned that unless targets set in the Paris Agreement in ... -
Buenos Aires Hours | Unemployment edged down to 10.2% in the first quarter
Unemployment reached 10.2 percent in the first quarter of this year (down slightly from 10.4 percent in the same period last year), INDEC’s statistics office reported ... -
A recipe for business success | Business Observer
When Peter Kreuziger set foot in the building that would become Bon Appétit, his first restaurant, he wanted to turn around. “The place was so run ... -
Five things to know about the Thai economy and COVID-19
Like many countries, Thailand’s economy was hit hard by the COVID-19 pandemic last year. The country’s GDP fell by more than 6% in 2020 and many ... -
Foreign investments in Latin America cut by almost half during pandemic
Foreign direct investment in Latin America fell 45% last year, according to a report released this week by the United Nations Conference on Trade and Development ... -
COVID-19 surge will hamper second-quarter GDP growth, says Sri Mulyani – Business
Vincent Fabian Thomas (The Jakarta Post) PREMIUM Jakarta â— Tue 22 June 2021 The finance ministry has acknowledged that the recent surge of COVID-19 in Indonesia ... -
Government assistance to businesses ends as insolvencies increase
An increase in business bankruptcies has triggered a warning for businesses to prepare for the phasing out of government support for Covid. The latest figures show ... -
Absa Bank 2021/2022 budget review: financial sector anxiously watching
By Samuel Sejjaaka After last week’s budget speech, we were welcomed to a budget review meeting by Absa Bank Limited. After the events of 2020 in ... -
Central bank stress test shows UAE banking sector remains strong
The UAE’s banking system remains resilient despite a challenging operating environment due to the fallout from the COVID-19 pandemic, according to the results of the latest ... -
Uganda imposes new anti-coronavirus measures to stem raging pandemic
KAMPALA (Reuters) – Ugandan President Yowreri Museveni on Friday introduced sweeping new anti-coronavirus measures, including a ban on all vehicle movements, except essential workers, to help ... -
Singapore’s Youth Unemployment Rate Higher in 2020 Compared to Previous Economic Downturns | Singapore
The youth unemployment rate was 10.6% in 2020, compared to 8.8% during the global financial crisis and 9.3% during the Sars pandemic. TODAY photo file SINGAPORE, ... -
New Zealand economy bolstered by property wealth effect and low interest rates – Update
By Stephen Wright WELLINGTON, New Zealand – New Zealand’s economy grew rapidly in the first quarter as the Kiwis – unable to travel abroad due to ... -
Critical reforms needed to protect the economy from a deeper recession
As the government took steps to protect the economy from a much deeper recession, it would be essential to lay the political foundation for a strong ... -
Economic rebound observed this year
MANILA – The prospects for an economic recovery are up for the Philippines, but uncertainties therefore remain, the increased need for political discipline and preparedness at ... -
Country Report France | Massive stimulus will boost economic recovery
Crédito y Caución (Atradius) | In the first quarter of this year, French GDP grew 0.4% quarter-on-quarter, supported by the fact that another national lockdown was ... -
Soaring freight costs negatively impacting small and medium exporters, report finds
While the blockade of the Suez Canal in March 2021 highlighted various challenges faced by the shipping and logistics industry, SMEs in particular have been going ... -
Republican Governor Connects Economy to Relaxed Approach to Coronavirus – WJET / WFXP / YourErie.com
Jekyll Island, Georgia (AP) – Republican gubernatorial candidates begin to reverse the party’s more practical approach to the coronavirus pandemic, helping Democrats win the White House ... -
Zim’s finance minister optimistic about economic growth beating pandemic
JOHANNESBURG – Zimbabwe’s finance minister has presented a hard-hitting economic growth forecast that far exceeds international expectations for 2021 after years of contraction, dismissing concerns over ... -
Continuing Venezuelan exodus and COVID-19 underscore the need for global solidarity for the most vulnerable |
Since 2015, some 5.6 million Venezuelans have left the country to escape violence, insecurity and threats, as well as a long-standing economic crisis that has resulted ... -
A long way to go for the Philippine economy – The Diplomat
ASEAN Beat | Economy | South East Asia The World Bank has reduced its growth projections for this year, indicating that an economic recovery may take ... -
ATB improves Alberta economic forecast as vaccine spurs recovery
A faster than expected rollout of the vaccine led ATB Financial to raise its economic forecast for Alberta. The financial institution and state-owned company said Thursday ... -
Shaukat Tarin unveils an economic study today
ISLAMABAD: The Economic Survey for 2020-21 will be launched today (Thursday) by Federal Minister of Finance and Revenue Shaukat Tarin, not to mention the latest official ... -
(2nd LD) South Korea’s first quarter economic expansion faster than expected at 1.7%
(ATTN: ADDS BOK manager’s remarks to paragraph 9)By Kim Deok-hyun SEOUL, June 09 (Yonhap) – South Korea’s economy grew slightly faster than expected in the first ... -
Agricultural exports set to hit new record in 2021
The United States Department of Agriculture (USDA) expects to achieve a record agricultural exports for fiscal year 2021. According to the quarterly agricultural trade forecast, US ... -
Japan raises first quarter GDP due to less impact on domestic demand
A crane on a construction site is seen behind the national flag of Japan in Tokyo, Japan on August 12, 2016. REUTERS / Kim Kyung-Hoon / ... -
-Global Big Data Analytics in the banking market from 2016 to 2027
(MENAFN – Nxtgen Reports) As the world continues to grapple with COVID-19, economies enter recession, under multiple unfavorable factors, the GDP of European and American countries ... -
Conflict between left and right in elections in Peru, with an economic model at stake
LIMA, Peru – On paper, Peru’s presidential candidates on Sunday are a former leftist schoolteacher with no experience in government and the right-wing daughter of a ... -
Covid-19 has severely affected the Latin American economy and society
A UNECLAC report (March 2021) said an additional 22 million people fell into poverty as unemployment increased in the region. After more than a year of ... -
How the Twitter suspension may affect Nigeria’s fragile economic growth
On Friday, the federal government announced the suspension of Twitter, the microblogging and social networking service, in Nigeria. Lai Mohammed, the Minister of Information, who announced ... -
Italy | Increase in bankruptcies expected in the second half of 2021
Crédito y Caución (Atradius) | A partial economic rebound in 2021 after the severe recession of 2020 The strong economic rebound observed in the third quarter ... -
Closures impacted large and small states
Public movements have declined dramatically, reaching the same levels as in May of last year, when the country was under even tighter national restrictions. About 1.2 ... -
Virus disaster leaves deep scars on Indian economy
Expectations for India’s economic growth are revised sharply downward as an increase in the number of people losing their jobs and defaulting on debts suggests a ...
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