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 »
The Organization for Economic Cooperation and Development (OECD) released its latest economic outlook, which contains many interesting details. It is worth mentioning that, OECD expects the global economy to gain strength over the coming two years. The real gross domestic product (GDP) growth is projected to reach pre-pandemic levels by the end of 2021. According …
OECD, its Latest Economic Outlook, and Global Economy Read More »
In less than two months, Joe Biden will replace Donald Trump. It is not surprising that journalists, investors, as well as analysts would like to learn more about Biden and his economic policies. It is worth mentioning that, president-elect Joe Biden and his transition team announced on Monday several nominees and appointments for the incoming …
The coronavirus emerged in the Chinese city of Wuhan, and the coronavirus pandemic is not over yet. Hopefully, the country’s government worked hard to cope with the coronavirus, but many countries are still struggling to stabilize the situation. It is worth noting that manufacturing activity in China expanded for the ninth month in a row …
China’s Economy and National Bureau of Statistics Read More »
Australian companies are trying to adapt to the new reality, but the coronavirus is not the only problem. Another serious issue also affected their plans. Importantly, Australian winemakers have received another blow from China as tensions continue to rise between the countries. On Friday, Chinese regulators made an important announcement. According to this announcement, they …
How Tensions between China-Australia Affected Winemakers Read More »
Millions of people from New York to Los Angeles lost their jobs and some of them are still out of work. Importantly, the pace of first-time fillings for jobless claims picked up last week. The coronavirus pandemic continues to affect the labor market. It is not surprising as the country, has the highest number of …
India is the second-most populous country in the world and the country has one of the largest economies in Asia. However, the country is unlikely to join the world’s largest free-trade bloc in the nearest future. This is because India remains more inclined toward bilateral agreements. As a reminder, 15 Asia-Pacific countries signed the Regional …
China has the second-largest economy in the world and this fact once more underlines the strength of the local economy. President Xi Jinping aims to double the size of the economy by 2035. However, to reach this goal, the Chinese economy must grow annually by just 4.7% on average for the next 15 years. As …
President Xi Jinping Wants to Double the Size of Economy Read More »
People take loans to buy an apartment or a car and for other reasons as well. However, sometimes it is quite hard to repay the debt on time due to various challenges. Importantly, low-interest rates helped fuel a boom in the U.S. housing market. It is worth noting that last quarter Americans’ mortgage debt reached …
The coronavirus pandemic continues to dominate the headlines, as governments are working round the clock to cope with this challenge. Hopefully, Japan’s economy grew at the fastest pace on record in the third quarter. Importantly, improved exports, as well as consumption, helped the country to recover from the problems caused by the coronavirus pandemic. The …
The new report helps to understand the impact of the coronavirus pandemic on the luxury market. It is not surprising that people around the world are trying to spend less money on luxury goods. However, China’s domestic market is still expected to grow. The country’s wealthy residents stayed close to home due to the coronavirus …
China is set to Become the World’s Biggest Luxury Market Read More »
Millions of people across the U.S. and elsewhere lost their jobs. Moreover, some of them are still out of work. Hopefully, U.S. retail sales increased in October. However, retail sales missed expectations. However, this is not the end of the story. Retail sales could slow further, affected by rising new Covid-19 infections and declining household …
U.S. Retail Sales, Economy, and Commerce Department Read More »
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