Economy – Page 95 – THE OVAL CIRCLE

Worst three months in decades: China’s economy plunges almost 7% amid coronavirus battle

Posted on April 17, 2020April 17, 2020By Editor

The world’s second largest economy, China, took a huge hit due to the Covid-19 outbreak, according to data from the National Bureau of Statistics. It showed a 6.8 percent drop in the first quarter of 2020 from a year earlier. … Read More >Worst three months in decades: China’s economy plunges almost 7% amid coronavirus battle

More than half of French industry restarts after Covid-19 shutdown – Finance Ministry

Posted on April 15, 2020April 15, 2020By Editor

A large part of France’s economy “is functioning,” according to Finance Minister Bruno Le Maire, who said that close to 60 percent of the country’s industry has restarted after being shut down due to the coronavirus pandemic. … Read More >More than half of French industry restarts after Covid-19 shutdown – Finance Ministry

France facing worst economic downturn since WWII – Ministry of Finance

Posted on April 6, 2020April 6, 2020By Editor

France is likely to see its worst post-war economic slowdown this year due to the coronavirus pandemic, much worse than it faced in 2009 after the global financial crisis, said the country’s Finance Minister Bruno Le Maire. … Read More >France facing worst economic downturn since WWII – Ministry of Finance

Recession ‘INEVITABLE’ in Germany, Bundesbank chief warns as country mulls lockdown amid coronavirus pandemic

Posted on March 21, 2020By Editor

he coronavirus pandemic will trigger a serious downturn in the German economy, European Central Bank (ECB) Governing Council member and Deutsche Bundesbank chief Jens Weidmann has said. … Read More >Recession ‘INEVITABLE’ in Germany, Bundesbank chief warns as country mulls lockdown amid coronavirus pandemic

USA

Coronavirus calls US’ ‘world’s richest country’ bluff: Will it cling to busted myths or evolve under pressure?

Posted on March 17, 2020March 17, 2020By Editor

The coronavirus containment measures the US has (belatedly, reluctantly) taken are revealing enormous fissures in its first-world facade, from legions of hungry schoolchildren to their broke parents left to fend for themselves. … Read More >Coronavirus calls US’ ‘world’s richest country’ bluff: Will it cling to busted myths or evolve under pressure?

European tourism losing €1 BILLION a month as holiday makers stay home due to coronavirus

Posted on March 8, 2020March 8, 2020By Editor

Fears over the spread of Covid-19 are rising across Europe, threatening its tourism industry. Data shows the sector has already taken a serious hit and could be hurt even more. … Read More >European tourism losing €1 BILLION a month as holiday makers stay home due to coronavirus

China’s economy to grow 15% in Q2 as it recovers from coronavirus – JPMorgan

Posted on February 27, 2020February 27, 2020By Editor

The world’s second largest economy, China, will recover from the COVID-19 crisis to emerge stronger than ever, according to JPMorgan Chase’s global economist Joseph Lupton … Read More >China’s economy to grow 15% in Q2 as it recovers from coronavirus – JPMorgan

UK

‘What are they hiding?’: UK govt slammed for destroying reports into people who committed suicide after welfare benefits stopped

Posted on February 26, 2020February 26, 2020By Editor

The UK Department for Work and Pensions (DWP) has admitted shredding reports on around 50 people who killed themselves following social security payments being withdrawn, promoting accusations of a “cover-up.” … Read More >‘What are they hiding?’: UK govt slammed for destroying reports into people who committed suicide after welfare benefits stopped

France’s economy caves under pressure of massive protests

Posted on February 1, 2020February 1, 2020By Editor

The French economy, one of the largest in the EU, has failed to meet expectations and contracted for the first time under the presidency of Emmanuel Macron in the final quarter of 2019. … Read More >France’s economy caves under pressure of massive protests

Africa needs development, improvement in quality of life & Russia has much to offer – economy minister

Posted on October 23, 2019October 23, 2019By Editor

The volume of trade between Russia and the African continent has doubled over the past five years, according to Russian Economic Development Minister Maksim Oreshkin. … Read More >Africa needs development, improvement in quality of life & Russia has much to offer – economy minister