No evidence yet that political leaders in DM or EM will see popularity suffer due to pandemic policies
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Economic output in US is expected to fall 4.6%. GDP would decrease by 4.2% in Brazil, 3.4% in Russia and South Africa. Japan would experience 3.3% recession
There are mounting concerns currently being voiced by prominent organisations, such as the International Monetary Fund (IMF) and the Bank of International Settlements, over the long-term impact of the slow growth rate reported across all major economic regions from the latter part of 2015 to early this year. Significant losses in the global financial and …
Government data has confirmed that Canada officially fell into recession in the first half of this year. Prime Minister Stephen Harper is doing his best to avoid using the term ahead of a general election next month
Merill Lynch, the Bank of America’s (BofA) wealth management division, released on Tuesday the results of its Fund Manager Survey for August. It showed a weakening outlook for the global economy amid fears over China, recording low sentiment towards emerging markets and the energy sector. While the concern over a Chinese recession continues, global investors …
According to economists, any country that experiences a revolution should have an economic recession within six months. For anyone who has followed our news, this was not the case in Egypt, and curiously, still isn’t. One of the strangest economic facts that very few people cite about this country is that it hasn’t suffered a …
The All-Share Index on west Africa’s leading bourse closed up nearly a third over the year, to 41,329.19 points.
Analysts welcomed the figures, which reinforce other survey findings, but were also cautious as the debt crisis continues to sap the economy and unemployment runs at record highs.
A representatives from within the Al-Minya supply directorate, said the governorate’s bakeries possessed enough flour rations to last four days.
Regarding Egypt’s request for a $4.8b loan from the International Monetary Fund (IMF), Toulba said negotiations will definitely be put on hold given the current lack of clear political leadership.
Arab investors nevertheless label Egyptian banking sector ‘promising’
Planes include three Airbus 340 and four Boeing 777/200 models
PM promises to reduce prices by cutting salaries of ministers and officials
As Spain seems closer to a sovereign bailout, Catalonia reach out for a $6.3b government rescue
Like the eurozone’s political leaders, analysts are also divided
Washington (AFP) — The US Congress’s budget analysts said Wednesday that current plans designed to slash the budget deficit after January 1 will plunge the country into recession and push up joblessness. The Congressional Budget Office said the poison-pill political deal on the budget last year — sharp cuts to spending and tax increases that …
Frankfurt (AFP) — Germany long appeared immune to Europe’s debt crisis, as deep reforms undertaken years ago helped steel the economic powerhouse against the current financial storms lashing its neighbours. But a raft of new economic data suggest that Germany, too, is slowly succumbing to the crisis fevers and could even fall back into recession …
Paris (AFP) — France is headed back into recession for the second time in three years, its central bank warned Wednesday in a setback for the recovery prospects of the stricken eurozone. In a downbeat survey of the outlook for Europe’s second biggest economy, the Bank of France predicted a 0.1 percent contraction in gross …