Avainsana: economy

New Zealand announced on Thursday that its public debt will more than double over the next three years as it unveiled a massive investment plan…

With about 30 million tourists visiting Portugal every year, the sector is of huge importance for jobs and economic growth. Despite coronavirus fears, authorities are…

Saudi Arabia is tripling its value added tax (VAT) as part of austerity measures to support its coronavirus-hit economy. The government in Riyadh also said…

As many parts of the world’s biggest economy begin to reopen after weeks of stay-at-home orders that slowed the spread of the coronavirus but gutted…

Economic activity in France picked up slightly over the last two weeks as the country prepares to emerge from a coronavirus lockdown, but it remains…

The coronavirus pandemic represents a major shock for the global and EU economies, with very severe socio-economic consequences, the Commission said in its Spring 2020…

The European Union is bracing itself for a ”recession of historic proportions” this year, with the coronavirus pandemic expected to cause a 7.4 per cent…

The European Union could use its seven-year budgetary plan to tackle inequalities exacerbated by the COVID-19 pandemic, leading European thinktank Bruegel says. The idea of…

Greece has recorded one of the lowest numbers of Covid-19 fatalities in Europe — a success largely attributed to the discipline of its population under…

Just weeks after unveiling a massive stimulus scheme in a late-night shock-and-awe move, the European Central Bank is under pressure to deploy even more firepower…

A new banking package, adopted Tuesday by the EU Commission, aims to ensure that banks can continue to lend money to support the economy and…

The Federal Reserve, which has pumped trillions in emergency funding into U.S. financial markets to stem the damage from the coronavirus pandemic, is expected on…

Global remittances are set to tumble by $142 billion in 2020, the sharpest fall in recent history, the World Bank estimates, as the coronavirus crisis…

EU leaders endorsed in a video call Thursday an agreement on safety nets for workers, businesses and sovereigns amounting to a package worth EUR 540…

The euro zone economy is already in its deepest recession on record, according to a Reuters poll of economists, who have stuck to a bleak…

Global business leaders are preparing for a drawn-out U-shaped recession due to the impact of coronavirus and many fear their companies won’t survive the pandemic,…

The Trump administration on Sunday said it would allow importers hit by the national health crisis to defer for three months any tariff payments they…

Indian states are set to resume limited commercial activities as the government relaxes some coronavirus restrictions. The nationwide lockdown, however, will continue until May 3….

China’s economy shrank 6.8% in the three months of 2020, the country’s first such contraction on record and a stark sign of the financial impact…

The looming global recession resulting from the COVID-19 pandemic could cause hundreds of thousands of additional child deaths this year, effectively reversing recent gains in…