It was a tough year for countries all over the world, and Japan is not an exception. The third-largest economy in the world was struggling to cope with challenges even before the coronavirus pandemic. However, the pandemic created additional problems and it would take time to deal with all of them. Interestingly, Japan’s economy expanded …
The U.K. has one of the largest economies in Europe as well as around the world. However, even for the U.K., the coronavirus pandemic created a lot of challenges. It won’t be easy to solve all problems in 2021, as it would take time to return to pre-coronavirus results. Unfortunately, the country’s economy contracted by …
Climate change is one of the most discussed topics all over the world. It won’t be easy to solve this issue in a short period of time. As a reminder, the oil industry is crucial for many countries. According to a new report, oil and gas producing countries face a multi-trillion-dollar hole in their government …
Oil-Producing Countries, Climate Change, and Economy Read More »
The coronavirus pandemic caused a lot of problems for the world’s largest economy. Unfortunately, the pandemic is not over yet and it won’t be easy to solve all issues in a short period of time. People all over the country are trying to cope with the situation. Lawmakers from both parties understand the importance of …
U.S. Economy, Stimulus Checks, and Interesting Details Read More »
The U.S. has the largest economy in the world, but millions of workers across the country are struggling to deal with financial problems. One of the main obstacles is what do with the federal minimum wage. Let’s have a look at the report prepared by the Congressional Budget Office (CBO). Interestingly, the Biden administration wants …
Federal Minimum Wage and its Impact on the Labor Market Read More »
The world’s largest economy suffered serious losses in 2020 and it is not surprising as the coronavirus pandemic affected many industries. Unfortunately, millions of people across the country lost their jobs in 2020, and some of them are still looking for a job. It won’t be easy to solve this problem in a short period …
Jobless Claims Fell to the Lowest Point in Two Months Read More »
It is no secret that the coronavirus pandemic created a lot of issues and it would take time to deal with all challenges. Importantly, it was a tough year for the eurozone. Unfortunately, its economy dropped by 0.7% in the final quarter of 2020 as governments implemented measures to contain the second wave of Covid-19 …
Euro Zone Economy Fell by 0.7% in the Fourth Quarter Read More »
Countries located in different parts of the world are trying to deal with challenges caused by the coronavirus pandemic. It is no secret that millions of people around the globe are looking for a job. According to the Congressional Budget Office (CBO), U.S. economic growth will recover in a short period of time. Moreover, the …
Congressional Budget Office and the Labor Market Read More »
The countries around Taiwan suffered huge losses in 2020. However, despite the challenges, Taiwan became Asia’s top-performing economy last year. The country outgrew China for the first time in decades more precisely in 30 years. People should keep in mind that the global demand for the island’s tech exports outweighed the problems caused by the …
The U.S. has the largest economy in the world. Nonetheless, even for the U.S., the pandemic caused a lot of issues. It is worth noting that, the country’s economy grew at an annualized and seasonally adjusted rate of 4% in the fourth quarter of 2020. However, that result did not make up for a really …
U.S. Economy Fell for the First Time in More than a Decade Read More »
Countries all over the world are trying to adapt to the ever-changing environment. There are many developing countries around the globe. The coronavirus pandemic created a lot of problems for developed as well as developing countries. On Tuesday, the International Monetary Fund (IMF) published its latest World Economic Outlook. It is worth noting that the …
IMF Expects the Global Economy to Grow 5.5% in 2021 Read More »
The International Labor Organization (ILO) released an important report. As a reminder, the International Labor Organization is part of the United Nations. According to the report, the coronavirus pandemic erased 8.8% of global working hours, equivalent to 255 million full-time jobs, causing a crisis of unprecedented inequality. This is not the end of the story, …
On Monday, a recovery in global market sentiment weighed on the dollar, while other riskier currencies strengthened. Significantly, the optimism about U.S. President Joe Biden’s stimulus plans took precedence over the impact of coronavirus. Additionally, market sentiment had become more cautious at the end of the past week as European economic data revealed that lockdown …
A recovery in global market sentiment weighed on the dollar Read More »
Millions of people across the country lost their jobs due to the problems caused by the coronavirus pandemic. Unfortunately, some people are still out of work and it won’t be easy to solve this issue in a short period of time. Based on the information provided by the Labor Department, jobless claims totaled 900,000 for …
Coronavirus and its Impact on Weekly Jobless Claims Read More »
The aviation industry suffered heavy losses in 2020 and it could take several years to return to pre-coronavirus levels. Airlines are working hard to adapt to the ever-changing environment. The International Airlines Group (IAG) had agreed to buy Spain’s Air Europa for 500 million euros ($606.7 million). Interestingly, the coronavirus pandemic cut the price in …
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