The U.S. has the largest economy in the world. Nonetheless, even for the U.S., the pandemic caused a lot of issues. It is worth noting that, the country’s economy grew at an annualized and seasonally adjusted rate of 4% in the fourth quarter of 2020. However, that result did not make up for a really …
U.S. Economy Fell for the First Time in More than a Decade Read More »
China has the second-largest economy in the world and many people may think that its economy outperformed other economies. However, the situation is more complicated as Vietnam is likely the top-performing economy in 2020. People should take into consideration that, not every Asian economy reported a fourth-quarter as well as full economic numbers. Based on …
Countries all over the world are trying to adapt to the ever-changing environment. There are many developing countries around the globe. The coronavirus pandemic created a lot of problems for developed as well as developing countries. On Tuesday, the International Monetary Fund (IMF) published its latest World Economic Outlook. It is worth noting that the …
IMF Expects the Global Economy to Grow 5.5% in 2021 Read More »
The International Labor Organization (ILO) released an important report. As a reminder, the International Labor Organization is part of the United Nations. According to the report, the coronavirus pandemic erased 8.8% of global working hours, equivalent to 255 million full-time jobs, causing a crisis of unprecedented inequality. This is not the end of the story, …
Countries around the world are struggling to deal with the problems created by the coronavirus pandemic. However, the world’s second-largest economy brought in more foreign direct investment than any other country in 2020. Interestingly, China brought in $163 billion in inflows last year and this fact once more underlines the strength of its economy. For …
Millions of people across the country lost their jobs due to the problems caused by the coronavirus pandemic. Unfortunately, some people are still out of work and it won’t be easy to solve this issue in a short period of time. Based on the information provided by the Labor Department, jobless claims totaled 900,000 for …
Coronavirus and its Impact on Weekly Jobless Claims Read More »
The aviation industry suffered heavy losses in 2020 and it could take several years to return to pre-coronavirus levels. Airlines are working hard to adapt to the ever-changing environment. The International Airlines Group (IAG) had agreed to buy Spain’s Air Europa for 500 million euros ($606.7 million). Interestingly, the coronavirus pandemic cut the price in …
North Korea is one of the most if not the most isolated countries in the world. It has retained this status for decades. It is worth noting that, North Korea is struggling to deal with various challenges. As a reminder, the state of the local economy was far from being ideal even before the coronavirus …
The coronavirus pandemic continues to dominate the headlines for more than 10 months. Moreover, the pandemic is not over yet and it would take at least several months to deal with all hotspots. Hopefully, the public, as well as private companies, are working hard to vaccinate people in a short period of time. Nevertheless, in …
World’s Second-Largest Economy Grew 2.3% in 2020 Read More »
The world’s second-largest economy wants to become less reliant on foreign markets. Importantly, China’s commerce ministry will focus on domestic consumption this year. The trade war with the U.S. fell down the list of priorities. It is worth noting that, China is the most populous country in the world. Interestingly, last year was a good …
Japan has the third-largest economy in the world and this fact underlines the strength of its economy. Several weeks ago, on December 25 the trade ministry released a roadmap to steer the local economy from fossil fuels, and foster growth in green energy industries. This way it will be easier to fulfil Prime Minister Yoshihide …
How Japan Plans to Make its Economy More Eco-Friendly Read More »
The state of the local economy is far from being ideal. However, Iranian companies are working hard to adapt to the ever-changing reality. However, it is not an easy task as the U.S. sanctions created many problems for Iran. Interestingly, local companies are increasingly producing the sorts of goods that Iran had long imported from …
U.S. Sanctions, Iran and its Large Domestic Economy Read More »
The state of the childcare system was not perfect even before the coronavirus pandemic, but the coronavirus pandemic created additional problems. Importantly, it will be all but impossible to rebuild the U.S. economy without first repairing the childcare system. It is worth noting that, fixing the childcare system is expensive. Interestingly, Joe Biden’s caregiving plan …
This year is coming to an end and millions of people would like to forget all challenges associated with 2020. Hopefully, public and private organizations are working hard to cope with the coronavirus pandemic. It is no secret that pandemic created a lot of problems for the global economy. This week, the United Kingdom became …
AstraZeneca Vaccine and its Impact on the Global Economy Read More »
The airline industry suffered heavy losses due to the coronavirus pandemic. Nevertheless, investors are willing to invest in this business. For example, Tata Group increased its stake in AirAsia India, as the Indian multinational conglomerate looks to increase its share of India’s airline industry. This week, Tata Group made an important announcement. According to the …
How Tata Group Plans to Conquer India’s Airline Industry Read More »
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