The U.S. Federal Reserve is the most famous central bank in the world. It makes sense, as the U.S. dollar isn’t just America’s money. Moreover, it is the world’s money. Central banks in different parts of the world need dollars to stabilize their financial systems. The coronavirus pandemic had a dramatic impact on the global …
The Importance of “Swap Lines” to the Global Economy Read More »
The coronavirus pandemic became the biggest threat to the global economy. Moreover, for some countries, it would be even harder to minimize the damage caused by the coronavirus. One such country is Argentina. The local economy was struggling to cope with numerous challenges even before the coronavirus. However, ongoing pandemic created additional problems for Argentina. …
Creditor Groups, Debt Crisis and the Economy of Argentina Read More »
The aviation industry in the U.S. is trying to survive as most of the airports are almost empty. In this situation, it is very tough to stay afloat and to survive airlines decided to accept the financial aid from the government. Major U.S. airlines accepted the government’s terms to receive billions of dollars in aid. …
The coronavirus created additional pressure on the oil industry. Governments around the world are working round the clock to minimize the damage caused by the coronavirus. As a result, hundreds of millions of people have to adapt to a new reality. The ongoing situation is a serious challenge to the economy. On Sunday, members of …
The coronavirus continues to dominate the headlines for several months. This virus that originated in China reached all regions of the country as well as other countries. Currently, the U.S. has the largest number of confirmed cases. There are more than 600,000 patients across the country. As stated above, the country is struggling to cope …
Coronavirus and Its Impact on the U.S. Labor Market Read More »
The oil industry is an integral part of the economy. However, the ongoing coronavirus pandemic had a huge impact on the oil prices and oil industry in general. Recently, the International Monetary Fund (IMF) released its latest regional economic report. This report highlighted the problems the Middle Eastern and North African economies have to deal …
Middle Eastern, North African Economies, and Regional Report Read More »
The People’s Republic of China is an economic superpower. The country has the second-largest economy in the world. However, the coronavirus pandemic had a dramatic impact on the local economy. Authorities across the country imposed strict measures to minimize the damage caused by this virus. The first quarter of 2020 was tough for China’s economy. …
China’s General Administration of Customs and Local Economy Read More »
This week, the International Monetary Fund (IMF) prepares to hold virtual spring meetings. The IMF will release forecasts showing the deepest contraction for the global economy since the great recession. It is worth mentioning that, according to the latest Brookings-FT tracking index, the global economy has to deal with the worst collapse since the Second …
Oil maker OPEC and its partners neglected to thoroughly tie down the latest conference. Unfortunately, the arrangement to take a historic amount of crude off the market on Thursday had no conclusion. The incident took place after Mexico recoiled from the proposed production cuts. The energy production partnership of the world’s most powerful oil makers, …
The U.S. Federal Reserve is one of the most famous central banks in the world. It is not surprising as the U.S. has the largest economy. It means that the central bank, as well as other institutions, are constantly monitoring the situation. Moreover, ongoing coronavirus crisis is a serious challenge to the Federal Reserve. The …
U.S. Federal Reserve is Ready to Boost the Economy Read More »
On Wednesday, the Euro zone’s finance minister failed to reach an agreement. Importantly, finance ministers representing the 19 countries that use the Euro currency are struggling to agree on new ways to support the economy. Moreover, ministers suspended negotiations regarding a new rescue package after 16 hours of talks. However, the finance ministers will continue …
At the moment, one of the biggest challenges is how to reopen the economy affected by the coronavirus pandemic. Moreover, countries should take into account that pandemic is not over, so governments should be careful when dealing with such issues. European governments are starting to think about how to reopen factories, offices, and so on …
How to Reopen the Economy with Minimal Disruptions Read More »
Mexico has a large economy. For example, the country is part of G-20 (or Group of Twenty). As can be seen from this example, Mexico has the potential to achieve even better results. Moreover, Mexico is an upper-middle-income country. However, as in the case of many countries around the globe, the coronavirus pandemic created additional …
President of Mexico Unveiled a Plan to Support the Economy Read More »
The world’s largest economy is struggling to deal with various problems created by the coronavirus pandemic. It is worth mentioning that before the pandemic unemployment level was low. Nevertheless, authorities in the U.S. imposed restrictions to limit the spread of the virus. It was the right decision but as officials introduced strict measures millions of …
Coronavirus continues to dominate the headlines. It makes sense as this virus created so many problems for various sectors. Unfortunately, even some of the largest economies are struggling to cope with coronavirus. Moreover, the two largest economies U.S. and China are among the countries affected by the virus. Currently, the U.S. has the largest number …
Italian Government Plans to Unveil Several Stimulus Packages Read More »
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