The world’s largest oil exporter is trying to cope with numerous challenges. It is worth noting that, Saudi Arabia’s economy shrank 7% in the second quarter of 2020, from the same period in 2019. According to the government figures, unemployment jumped to a record high and this fact once more underlines the severity of the …
The world’s largest economy has to deal with numerous challenges. Importantly, the coronavirus pandemic had a tremendous impact on the U.S. economy. Unfortunately, companies are struggling to stay afloat as they have to cope with huge pressure. Moreover, the pandemic is far from being over and nobody for sure how long it would take to …
The coronavirus pandemic had a tremendous impact on people around the globe. Moreover, even the largest economies in the world suffered losses due to the pandemic. For example, the world’s second-largest economy is recovering as China has the potential to get its economy back on track. Based on the information provided by the country’s National …
China’s Manufacturing Activity and the Week-Long Holidays Read More »
Military conflicts have a colossal impact on the economy of any country, especially when it comes to the economies of developing countries. Several former Soviet Union republics suffered heavy losses due to internal and external conflicts. Unfortunately, there are several frozen conflicts and one of them is the conflict in Nagorno-Karabakh. Several days ago fighting …
Nagorno-Karabakh Conflict and its Impact on the Economy Read More »
The coronavirus pandemic created a lot of problems for countries around the world, and it is far from being over. Developed as well as developing countries are struggling to cope with numerous challenges. The economy of Saudi Arabia suffered losses due to coronavirus pandemic. Based on the report prepared by the Institute of International Finance, …
The world’s largest economy sustained considerable damage due to the coronavirus pandemic. Millions of people across the country lost their jobs. Moreover, people from New York to Los Angeles are struggling to cope with the coronavirus pandemic and its influence on the economy. It is worth mentioning that the number of first-time filers for unemployment …
Weekly Jobless Claims and its Impact on the Economy Read More »
The coronavirus pandemic continues to dominate the headlines as countries are struggling to deal with it and its impact on the economy. Notably, Europe is trying to cope with the second wave of infections. Unfortunately, it has the potential to create huge pressure on the region’s economy. People should keep in mind that, the economy …
Second Wave of Coronavirus Infections and Europe Read More »
Vietnam as well as other countries in the region are trying to deal with the economic impact of the coronavirus pandemic. Despite all challenges, the country’s government has targeted economic growth of 6.5% next year. It means the government wants to return to the pre-coronavirus level of economic growth. It is not an easy task. …
The U.S. has the largest economy in the world, but the country has to deal with numerous challenges as well. It is worth noting that federal debt is one of the most serious issues. Moreover, this problem will continue to affect the country for decades. According to the Congressional Budget Office (CBO), the federal debt …
Congressional Budget Office and Long-Term Budget Forecast Read More »
Countries around the globe are trying to minimize the damage caused by the coronavirus pandemic and Malaysia is not an exception. The local economy is expected to shrink by 6% in 2020 due to the coronavirus pandemic based on the information taken from the Global Economic Outlook. Interestingly, Oxford Analytics published this report on Monday. …
Malaysia’s Economy is Expected to Shrink by 6% in 2020 Read More »
On Wednesday, the Organization for Economic Cooperation and Development (OECD) upgraded its forecast for global economic output in 2020. According to OECD, the outlook improved slightly since June. It is no secret that the biggest economies in the world suffered heavy losses due to the coronavirus pandemic. However, the economic impact may not be as …
OECD Upgraded its Forecast For Global Economic Output Read More »
The world’s one of the largest economies in the world suffered losses due to the coronavirus pandemic. Importantly, Japan’s exports posted a double-digit slump for a sixth straight month in August. As a reminder, U.S. bound shipments declined due to a global demand slowdown caused by the pandemic. Japan is not the only country that …
Japan’s Exports in August and New Zealand’s Worst Recession Read More »
The coronavirus pandemic created a lot of challenges for many countries and India is not an exception. Unfortunately, the country has one of the highest number of coronavirus cases not only in the region but around the world as well. Currently, India has the second-highest number of cases after the U.S. This fact underlines the …
The Asian Development Bank (ADB) updated its outlook report. According to ADB, developing Asia which includes countries like India, China, Indonesia, and Singapore will contract in 2020 for the first time in about six decades. It makes sense as the coronavirus pandemic continues the economies around the world. The state of the global economy was …
Asian Development Bank and GDP in Developing Asia Read More »
Employers around the world are struggling to deal with the economic impact of the coronavirus pandemic. It is not surprising as the pandemic created a lot of problems for the companies. Importantly, the state of the global economy is far from being ideal. It is worth noting that, employers in Britain are planning more than …
How Employers in Britain Plan to Deal With Pandemic Read More »
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