Economic Contraction
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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 ... -
Acadia Realty Trust Provides Leasing & Operations Update and Presenting at NAREIT’S REITweek®: 2021 Investor Conference
RYE, NY – (BUSINESS WIRE) – Acadia Realty Trust (NYSE: AKR) (“Acadia†or the “Companyâ€) provided an update on leasing and operations and announced that it ... -
Two Cubans dead, 10 missing after capsized raft off Key West as growing numbers flee economic crisis
The U.S. Coast Guard said on Sunday it was suspending the search for 10 Cuban migrants, who were lost at sea after their ship capsized 16 ... -
5 actions that can help you achieve your financial freedom
Today, as we gather with friends and family, or just enjoy a day off, let us not forget the millions of people who have fought valiantly ... -
India’s economic record is drenched in red ink
Launched in October 2018, Mint’s macro tracker provides a monthly report on the state of the economy based on trends in 16 high-frequency indicators in four ... -
France’s budget deficit is expected to reach $ 268.16 billion this year
A view of the financial district of La Defense as seen from Paris, France. Reuters France’s budget deficit is expected to reach around 220 billion euros ... -
States appeal for federal aid to support jobless funds – Finance & Commerce
Businesses could be saved billions of dollars in higher taxes in the years to come – potentially freeing up money to spend on employees or invest ... -
Latest wave of virus deepens economic uncertainty in Southeast Asia
The region’s poor and working classes are bearing the brunt of the economic fallout from the latest wave of COVID-19. Long-term social protection schemes could help ... -
Economic contraction predicted due to second wave – FBC News
The Reserve Bank of Fiji says the second wave of COVID-19 currently wreaking havoc in Viti Levu is concerning and that there will certainly be an ... -
Indian stocks end higher with M&O expiration; financial, IT stocks lead to gains
MUMBAI: Indian stock markets closed slightly higher on Thursday amid the F&O expiration, with Nifty closing at a record high, as computer and financial stocks lead ... -
GLOBAL MARKETS – Equities, dollar rise as Fed officials downplay inflation concerns
By Chibuike Oguh NEW YORK, May 26 (Reuters) – Global equity markets rose and the US dollar rallied against major currencies on Wednesday for the first ... -
“ Most SMEs and SMIs urgently need help getting back on their feet ”
Through In view of Majola 2h ago Share this article: ShareTweetShareShareShareE-mailShare DURBAN – Most of South Africa’s small, medium and micro enterprises (SMEs) were in distress ... -
The pandemic has worsened inequalities between and within countries
More than a year after the outbreak of the Covid-19 pandemic, the virus has not only affected 190 countries, causing the global economy to contract 4.3%, ... -
The state has the worst economy – 24/7 Wall St.
The COVID-19 pandemic has sent an economic shockwave through the U.S. economy, tripling monthly unemployment to nearly 15% and leading to a quarterly drop of more ... -
The contraction in the first quarter of the German economy was slightly larger than initially estimated
By Maria Martinez The German economy contracted in the first quarter more than what the first statement indicated, German statistics bureau Destatis said on Tuesday. Gross ... -
How Georgia’s economy compares to other states
2021-05-20 The COVID-19 pandemic has sent an economic shock wave through the US economy, tripling monthly unemployment to nearly 15% and leading to a quarterly drop ... -
Turn closed stores into homes? It will be the developers who will benefit from the good deals | Rowan moore
Land owners of Great Britain, rejoice! Your government has not forgotten you. Magnanimous and generous as she is, she has devoted the vast public resources at ... -
Bangladesh beats India in per capita income
Contrary to statements by the Indian government, the country is currently facing a serious economic crisis. If we talk about the current situation, an average citizen ... -
#MateshipAndBayanihan amid COVID-19: Working together to support education for children in Bangsamoro – Philippines
The COVID-19 pandemic continues to strain nations around the world. Economies, jobs, education and the health system remain disrupted. Vulnerable sectors, especially those in developing countries ... -
Slow vaccine deployment hits LatAm as Covid-19 claims millions of lives
Published on: 05/22/2021 – 07:40Amended: 05/22/2021 – 03:46 Montevideo (AFP) Covid-19 has caused the deaths of more than a million people in Latin America and the ... -
Tourism bears the brunt of the Covid-19 pandemic in SADC – Researchers
Countries in the SADC region suffered economic contractions amid the Covid-19 pandemic in 2020. While the total incidence of Covid-19 infections in southern Africa has been ... -
Hontiveros calls for ‘special audit’ of Bayanihan funds amid COVID-19 outbreak
Volunteers repack truckloads of donated and purchased vegetables from the provinces on April 30, 2021 at Immaculate Heart of Mary Parish in Diliman, Quezon City. Goods ... -
Restoration by means of regional cooperation: a response to COVID-19 in Southeast Asia
Final month, the world celebrated the primary anniversary because the World Well being Group (WHO) declared the COVID-19 virus a pandemic. All year long, we’ve witnessed ... -
First quarter development positive aspects may very well be worn out by COVID surge
PHILIPPINE STAR / EDD GUMBAN GAINS made within the first quarter may very well be worn out by the rise within the variety of COVID-19 circumstances, ... -
First Belief Senior Floating Fee 2022 Goal Time period Fund Declares its Month-to-month Frequent Share Distribution of $0.0128 Per Share for April
First Belief Senior Floating Fee 2022 Goal Time period Fund (the “Fund”) (NYSE: FIV) has declared the Fund’s recurrently scheduled month-to-month frequent share distribution within the ... -
US Financial system Therapeutic However Not Absolutely Recovered: Federal Reserve Chief | Enterprise and financial information
Jerome Powell says the “excessive” unemployment charge of 6.2% “underestimates the deficit”, underscoring the stimulus insurance policies. The US economic system “has improved quite a bit,” ... -
The UK financial system: a 12 months after the beginning of the primary lockdown
A 12 months after Boris Johnson imposed the primary coronavirus lockdown, the UK financial system is getting ready to a fast vaccine-fueled restoration. However the legacy ... -
Volvo truckmaker hit by semiconductor scarcity, sees detrimental affect on income and money stream
Bloomberg Turkish Markets Slip As Agbal Stokes Exit Lira Turmoil (Bloomberg) – Turkey’s shares, bonds and the lira fell because the central financial institution chief’s shock ... -
Setting the stage for restoration
COVID-19 continues to unfold around the globe, with a second wave resurfacing. Mozambique has to date been spared the worst of the pandemic, however confirmed circumstances ... -
Delhi’s financial system is anticipated to contract 5.68% in FY21
Nonetheless, the anticipated estimate of Delhi’s State Gross Home Product (GSDP) at present costs throughout 2020-2021 is ₹7.98,310 crore, exhibiting a contraction of three.92% from the ... -
Contraction in energy demand and cronyism with pure fuel
USPLASH Primarily based on the common demand for electrical energy on the Luzon-Visayas grids in January and February, the GDP of the Philippines within the first ... -
UK Employer Legal responsibility Insurance coverage Market Outlook
TipRanks JPMorgan is betting on these 3 actions; Sees greater than 50% upside potential It’s time to examine the macroeconomic state of affairs, to get an ... -
BAYBANNFA Releases 2021 International Alternate Market Evaluation Report back to International Traders
There is no such thing as a assured steady revenue with out lack of forex funding, however the dangers will be managed to attenuate the speed ... -
Ashoka India Fairness Beats Benchmark, Says Majority of Inhabitants More likely to Be Vaccinated by Yr Finish
Ashoka India Fairness (AIE) carried out nicely on its interim outcomes as of December 31, 2020, with the share worth and NAV providing complete returns of ... -
Harnessing Girls’s Capital for New Development in Turkey
For nearly a century, Turkey has innovated within the areas of girls’s financial empowerment. Traditionally, the nation was among the many first nations to ratify legal ...
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