Avainsana: economy
U.N. warns economic downturn could kill hundreds of thousands of children in 2020
Hundreds of thousands of children could die this year due to the global economic downturn sparked by the coronavirus pandemic and tens of millions more…
EU sees ’Green Deal’ delays but keeps climate target plan: draft document
The pandemic and economic shock have forced the EU executive to review its plans for 2020, as the novel coronavirus demands an urgent focus on…
IMF approves debt relief for 25 poor countries
The International Monetary Fund on Monday announced immediate debt relief for 25 poor countries to help them free up funds to fight the coronavirus pandemic….
’Please, we are not animals’: virus fears weigh on Cambodia’s garment workers
Climbing onto a crowded truck each morning, Cambodian seamstress Sim Samphor cannot help but worry about catching the coronavirus that has closed down most of…
EU ministers make breakthrough on coronavirus economic response
Finance ministers of eurozone countries reached an ”excellent accord” on fighting the pandemic-triggered recession. Europe has proven itself to be ”a match” for the crisis,…
Coronavirus crisis could plunge half a billion people into poverty: Oxfam
The fallout from the coronavirus spread that has killed more than 83,000 people and wreaked havoc on economies around the world could push around half…
Global trade will plunge by up to a third in 2020: WTO
Global trade could plummet by a third this year due to the coronavirus pandemic, the World Trade Organization said Wednesday, warning the deepest recession ”of…
COVID-19: impact could see 195 million job losses, says ILO chief
The rapidly intensifying economic effects of COVID-19 on the world of work are proving to be far worse than the 2008-9 financial crisis, with cutbacks…
Jobless Americans to see extra payments as soon as this week
Americans who have lost their jobs due to the coronavirus outbreak will start getting enhanced jobless benefits as soon as this week as states deploy…
U.S. economy will eventually reopen but with big changes: Kudlow
The Trump administration is aiming to reopen the U.S. economy when the nation’s top health experts give the go-ahead, but Americans’ lives will be drastically…
ECB eases bank funding rules in ’unprecedented’ step
The European Central Bank on Tuesday announced an ”unprecedented” easing of collateral requirements in a bid to boost bank lending during the coronavirus crisis. The…
France heading for worst post-war downturn, finance minister warns
France will likely see its worst post-war economic downturn this year, far surpassing the minus 2.2 percent slump seen in 2009 after the global financial…
When will U.S. economy bottom? Economists hunt for the right view
The economic crisis spawned by the coronavirus pandemic has produced a wave of grim U.S. data, with likely more to come as millions lose jobs,…
As millions lose jobs, Fed policymakers say recession is here
The U.S. recession is here. How long it will last will depend on the course of a viral pandemic that could still kill hundreds of…
EU hopes to mitigate lockdown and help workers with €100 billion fund
The EU is adding more financial firepower to mitigate the economic effects of the coronavirus lockdowns. This time the European Commission is seeking to help…
COVID-19 cases and deaths rising, debt relief needed for poorest nations: WHO
The head of the World Health Organization voiced deep concern on Wednesday about the rapid escalation and global spread of COVID-19 cases from the new…
COVID-19 is testing our resilience across all sectors of the economy and areas of development
The COVID-19 pandemic is a new challenge we are facing in today’s fast changing world, and we are facing it as a global society. Like…
Fed will do what it takes to help Americans, Daly says
San Francisco Fed President Mary Daly on Tuesday said she believes the U.S. is probably already in recession, as millions of people lose their jobs…
Will coronavirus make the gender pay gap worse?
Advances in closing the worldwide gender pay gap are at risk of being reversed by the coronavirus, experts and advocates warn, as women take time…
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