Governments across the world are working round the clock to curb the spread of the coronavirus pandemic. Unfortunately, it is not an easy task as the pandemic is far from being over. It could take several months to stabilize the situation. Less than two weeks ago, the capital city of the U.K. made the decision …
Social Distancing and its Impact on the Global Economy Read More »
Countries in different parts of the world are trying to minimize the damage, caused by the coronavirus pandemic. However, in the case of many countries, it won’t be easy to handle all problems. Unfortunately, it could take years to stabilize the situation. Zambia is also struggling to cope with issues, as the country has only …
The world’s largest economy is struggling to cope with problems created by the coronavirus pandemic. Unfortunately, many people from New York to Los Angeles lost their jobs. Moreover, it won’t be easy to replace so many jobs lost in 2020. Hopefully, new filings for jobless claims in the U.S. totaled 787,000 last week. Interestingly, this …
Weekly Jobless Claims in the U.S. and Coronavirus Read More »
On Wednesday, the International Monetary Fund (IMF) released its latest Regional Economic Outlook report for Asia and the Pacific. This report contains interesting details. Let’s have a look at the report to learn more about the situation. Unfortunately, Asia’s economic contraction this year will be worse than expected. It makes sense as several emerging markets …
Latest Regional Economic Outlook and Risk Factors Read More »
Countries across the world have to deal with numerous challenges created by the coronavirus pandemic. Moreover, in the case of developing countries, it is even harder to solve all problems. Interestingly, the International Monetary Fund (IMF) downgraded its outlook for the Middle East and Central Asian economic recovery, projecting a 4.1% contraction for the region …
Airlines in Europe and elsewhere are trying to adapt to the new reality. It is not an easy task as it won’t be easy to return to the pre-coronavirus period. Moreover, the coronavirus pandemic continues to affect the industry, and countries in Europe are trying to cope with the second wave of coronavirus pandemic. Furthermore, …
The coronavirus pandemic and its impact on the economy is huge, and the pandemic continues to dominate the headlines. Importantly, the pandemic had a dramatic impact on Europe’s economy. Unfortunately, the coronavirus pandemic is far from being over. Moreover, a resurgence of cases once more underlines the severity of the problems. Governments are working hard …
How Governments are Trying to Deal with the Second Wave Read More »
The world’s second-largest economy continues to recover from the coronavirus pandemic. Interestingly, the People’s Bank of China is ready to increase loans to an already debt-laden system. The country is ready to do whatever it takes to boost its economy. According to the information provided by the People’s Bank of China, the data for the …
Rising Debt Level and its Impact on the Chinese Economy Read More »
The World Trade Organization (WTO) made an important decision. The WTO has ruled that the European Union can impose around $4 billion in tariffs on U.S. goods, including aircraft and ketchup. It is worth mentioning that, the decision from WTO is the latest in a long-running dispute, regarding the subsidies to Boeing and Airbus. As …
World Trade Organization Ruled in Favor of European Union Read More »
On Tuesday, the International Monetary Fund (IMF) changed its global gross domestic product (GDP) forecast. Hopefully, the IMF turned slightly positive on the global economy for this year. According to the updated forecast, the IMF expects the global economy to contract by 4.4% in 2020. As a reminder, several months ago in June, the fund …
International Monetary Fund and its Global GDP Forecast Read More »
Countries in different parts of the world suffered heavy losses due to the coronavirus pandemic. Unfortunately, the pandemic is far from being over. Moreover, nobody knows for sure how long it would take to cope with the pandemic. Interestingly, the world’s second-largest economy reported trade data in September. It makes sense as most business activities …
World’s Second Largest Economy and Strong Trade Data Read More »
Companies from New York to Los Angeles are trying to minimize the damage caused by the coronavirus pandemic. It is not an easy task, as the pandemic created a lot of problems for the companies. Unfortunately, the situation regarding another round of stimulus for small business is quite complex. It is worth noting that, 5 …
How Coronavirus Pandemic Affected Latino Companies Read More »
The U.K. has one of the largest economies not only in Europe but around the world. However, even before the coronavirus pandemic, the economy was struggling to cope with problems related to Brexit. It is worth mentioning that, U.K’s economy grew 2.1% in August on a monthly basis. Hopefully, the country’s gradual recovery from the …
State of British Economy and Coronavirus Pandemic Read More »
The trade deficit is a serious issue and governments around the world are working hard to cope with this problem. Importantly, the U.S. trade deficit rose in August and to reach the highest level in 14 years. According to the Commerce Department, the gap between the goods and services the country sells and what it …
U.S. Trade Deficit Reached More than $67 Billion Read More »
Governments and lawmakers are ready to do whatever it takes to boost the local economies. However, there are certain challenges as well. For example, in the case of the U.S. Democrats and Republicans still seem unable to reach an agreement regarding the enhanced unemployment benefits. Interestingly, the $600 weekly subsidy expired more than two months …
Unemployment Benefits, Donald Trump, and Negotiations Read More »
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