This year was full of challenges, even for the biggest economies in the world. Hopefully, the U.S. economy grew at a record pace in the third quarter, fueled by more than $3 trillion in pandemic relief. However, the situation remains quite complicated, as it appears to have lost momentum as the year comes to an …
U.S. Economy Grew by More than 33% in the Third Quarter Read More »
The U.S. economy suffered heavy losses due to the coronavirus pandemic. Millions of Americans are struggling to cope with problems. Hopefully, Congress passed a huge coronavirus relief and the government spending package on Monday. Interestingly, Congress as well Senate approved the more than $2 trillion legislation in votes that dragged late into the night. Congressional …
Coronavirus Relief Package and the State of the U.S. Economy Read More »
China has the second-largest economy in the world and this fact underlines the significance of its economy. Importantly, China’s manufacturing recovery, fuelled in part by demand from COVID-constrained from abroad, surpassed expectations in 2020. Moreover, factories are struggling to find employees to deal with mounting orders. Interestingly, China’s output of industrial robots, computer equipment, as …
China’s Manufacturing Sector Benefited from Strong Demand Read More »
Poverty is a serious challenge not only for developing countries but for the developed countries as well. Unfortunately, people are struggling to deal with financial problems. It is worth mentioning that, nearly 8 million Americans fell into poverty since June. This is due to a combination of rising coronavirus cases as well as dwindling federal …
The U.S. economy suffered losses due to the coronavirus pandemic, and unfortunately, the pandemic is not over yet. It is worth mentioning that, U.S. retail sales fell more than expected in November, weighed down by the number of coronavirus cases. As well as decreasing household income. People should take into account that, retail sales declined …
U.S. Retail Sales, Coronavirus Pandemic, and Challenges Read More »
Millions of people around the world lost their jobs due to the coronavirus pandemic, and many of them are still looking for a job. Importantly, Britain’s jobless rate rose again in three months to October. Notably, redundancies reached a record level as companies suffered losses as a result of new coronavirus restrictions. Moreover, companies prepared …
Germany has the biggest economy in the European Union and one of the biggest in the world. As can be seen from the information stated above once more underlines the strength of the local economy. However, the coronavirus pandemic created problems for the country. However, Germany’s decision to tighten a second coronavirus lockdown increased the …
Germany, its economy, and the Coronavirus Pandemic Read More »
The U.K. has one of the largest economies in the world. However, a no-deal Brexit has the potential to cause serious problems for local as well as foreign companies. According to the European Commission, President Ursula von der Leyen, talks will be extended beyond Sunday’s deadline. It is worth noting that, she spoke with British …
The Chinese Communist Party controls wide swaths of the economy, including business. This fact once more underlines the importance of the party. It is worth mentioning that, Chinese government-owned companies are starting to default on their debts. This is a serious problem that could ripple through the country’s financial system, threatening to slam the brakes …
Chinese Government-Owned Companies and State of the Economy Read More »
The trade war between the U.S. and China is one of the most famous trade conflicts in the modern world. However, there are other important conflicts well. For example, the trade conflict between the U.S. and the European Union (EU). However, the U.K. wants to de-escalate a damaging international trade conflict. It is worth mentioning …
U.K. Wants to Solve an International Trade Conflict Read More »
Japan has one of the most developed economies in the world. It is worth noting that Japan announced a fresh $708 billion economic stimulus package on Tuesday. The country’s government is working hard to speed up the recovery from the country’s coronavirus-driven slump. It is not surprising that the country is ready to spend hundreds …
World’s Third-Largest Economy and Post-Covid Growth Read More »
Argentina was struggling to cope with problems even before the coronavirus pandemic. However, the pandemic created additional problems for the local economy. Recently, the country passed a new wealth tax to help the government pay for health supplies as well as economic relief measures amid the ongoing coronavirus pandemic. It is worth noting that lawmakers …
How Argentina Plans to Accumulate Additional Funds Read More »
Countries around the world are trying to minimize the damage caused by the pandemic, and it is not an easy task. However, the world’s second-largest economy continues to gain strength, as can be seen from the data. It is worth noting that China’s exports rose at the fastest pace in almost three years in November. …
China’s Exports Rose at the Fastest Pace in Almost 3 Years Read More »
The unemployment rate in the U.S. was low, but the coronavirus pandemic changed the situation. Unfortunately, millions of people all over the country lost their jobs. This is not the end of the story, as some of them are still out of work. Hopefully, initial jobless-claims applications last week reached their lowest level of the …
Initial Jobless Claims Dropped to the Lowest Level Read More »
Australia’s economy was growing for decades, but the coronavirus pandemic changed the situation. Fortunately, the country’s economy grew by 3.3% in the third quarter, rebounding from its first recession in nearly three decades. The local economy recovered from pandemic-related shocks. According to Treasurer Josh Frydenberg, it would take a lot to get the economy back …
Australia’s Economy Grew by 3.3% in the Third Quarter Read More »
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