Tag Archives: World economy

Germany’s economic recovery loses momentum as daily cases spike above 5,000

Advertising figures with a protective face masks in Munich, Germany. Lennart Preiss | Getty Images News | Getty Images Germany’s economic prospects for 2020 are looking increasingly bleak, with the country’s leading research institutes downgrading GDP (gross domestic product) forecasts for this year and beyond. Publishing a joint economic forecast Wednesday, Germany’s prominent economists warned… Read More »

Britain’s Boris Johnson pressured to introduce ‘circuit breaker’ lockdown to stop the coronavirus

Bars open their doors on the final night in Liverpool, north west England on October 13, 2020, before new local lockdown measures are introduced. PAUL ELLIS | AFP | Getty Images Pressure is mounting on the U.K. government to impose a strict, short, mini lockdown to act as what’s been called a “circuit breaker” on… Read More »

How the U.S. election could affect Europe’s markets, economy and trade

President Donald Trump waves to the crowd as he leaves after speaking during a campaign event at the Orlando Sanford International Airport on October 12, 2020 in Sanford, Florida. Joe Raedle | Getty Images News | Getty Images The forthcoming U.S. election matters not only for the American people and the country’s economy; the outcome… Read More »

Singapore’s economy contracted by 7% year-on-year in the third quarter, official estimates show

A man wearing a protective face mask walks past an indoor waterfall at Jewel Changi Airport in Singapore. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore’s economy contracted by 7% in the third quarter compared with a year ago, according to official estimates released by the Ministry of Trade and Industry on Wednesday.… Read More »

‘Very unethical’: Russian sovereign wealth fund chief slams criticism of his country’s coronavirus vaccine

Criticisms of Russia’s coronavirus vaccine are unhealthy, unethical and unproductive, according to Kirill Dmitriev, chief executive of Russia’s sovereign wealth fund RDIF — which is backing the controversial vaccine named “Sputnik V.” “We’re completely transparent and open. There is very negative narrative in some of the Western nations, and frankly we feel it’s very sad… Read More »

Europe’s economy would be back to pre-crisis levels quicker if we work together, Germany says

[ad_1] LONDON — German Finance Minister Olaf Scholz said he is confident the economy can return to pre-crisis levels by 2022, but that European leaders needed to work together. “If I look to the data, we could be quite confident about the future, we have an increase in economic growth, we will have a chance… Read More »