Economic crisis – Page 6 – THE OVAL CIRCLE

The looming European banking crisis

Posted on September 28, 2020September 28, 2020By Editor

For many years all European banks have been in poor shape. The coronavirus pandemic has merely exposed the glaring fault lines of some of the world’s most clunky and inefficient banking systems. … Read More >The looming European banking crisis

Shows

Angrynomics

Posted on July 13, 2020July 13, 2020By Editor

A heady mix of precarious employment, stagnant wages, diminished opportunities and a contracting economic pie has pushed many people to the limit. … Read More >Angrynomics

Business

‘Worst since World War II’: Global economy to shrink more than 5% this year

Posted on June 10, 2020June 10, 2020By Editor

The Covid-19 pandemic and subsequent lockdown measures have thrown the global economy into turmoil, the World Bank says, projecting global GDP (gross domestic product) to contract 5.2 percent in 2020. … Read More >‘Worst since World War II’: Global economy to shrink more than 5% this year

Business

Around 2 BILLION people may lose their jobs in the next couple of months due to pandemic

Posted on May 30, 2020May 30, 2020By Editor

More than half of the world’s workforce (nearly two billion people) risk losing their jobs or moving to part-time work in 2020 as a result of the economic fallout from coronavirus outbreak. … Read More >Around 2 BILLION people may lose their jobs in the next couple of months due to pandemic

Shows

CrossTalk, QUARANTINE EDITION: Global depression?

Posted on May 29, 2020May 29, 2020By Editor

Counting the cost and charting the future. With the pandemic appearing to recede, it is time to assess the economic damage. How has the crisis changed the global economy and trade? If there is going to be a recovery, what will it look like? And, are there lessons to be learned? … Read More >CrossTalk, QUARANTINE EDITION: Global depression?

Shows

Four Horsemen: Chickens home to roost

Posted on May 25, 2020May 25, 2020By Editor

The team that brings you this program every week also produced Four Horsemen – a documentary that went in search of the real causes of the 2008 financial crash. The film pointed out that if fundamental economic issues weren’t addressed, another economic depression would be all but inevitable … Read More >Four Horsemen: Chickens home to roost

Latin America

Ecuador’s Moreno govt persecutes opponents as coronavirus catastrophe exposes its neoliberal war on public sector

Posted on May 7, 2020May 7, 2020By Editor

Sentencing former President Rafael Correa and Jorge Glas to eight years in jail and barring them from public office for an additional 25 years is a desperate move by a repressive administration trapped in a socio-economic crisis of its own making. … Read More >Ecuador’s Moreno govt persecutes opponents as coronavirus catastrophe exposes its neoliberal war on public sector

Business

EU economy set to contract 7.5% this year in worst economic shock since Great Depression

Posted on May 6, 2020May 6, 2020By Editor

The coronavirus pandemic will plunge most of Europe into its worst recession since the 1930s, according to a grim forecast released by the European Commission. … Read More >EU economy set to contract 7.5% this year in worst economic shock since Great Depression

Europe needs €1.5 TRILLION to recover or single market could ‘break in two’ – EU economy commissioner

Posted on April 20, 2020April 20, 2020By Editor

The European Union urgently requires financial injections to stay afloat and survive the coronavirus epidemic currently ravaging the continent, the European commissioner for economy, Paolo Gentiloni, has warned. … Read More >Europe needs €1.5 TRILLION to recover or single market could ‘break in two’ – EU economy commissioner

Scale of current economic downturn unprecedented since 1929 Great Depression, French economy minister says

Posted on March 24, 2020By Editor

France is facing an economic crisis that can only be compared to the Great Depression of 1929, the minister of the economy and finance, Bruno Le Maire, warned as he laid out government plans to mitigate the damage. … Read More >Scale of current economic downturn unprecedented since 1929 Great Depression, French economy minister says

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