Economy
IMF predicts global growth to increase from 2.9 percent to 3.3 percent in 2020
The IMF predicts that the global growth is expected to increase modestly from 2.9 percent in 2019 to 3.3 percent in 2020…
Italy’s 2020 economic growth may be cut if coronavirus effect is significant
Italy’s 2020 growth forecast may be revised down if there is a significant impact from the coronavirus outbreak, Italy’s Economy Minister said…
Japan’s economy shrinks at fastest rate since 2014
Japan's economy shrank at the fastest rate in five years at the end of 2019 as it was hit by a sales…
German economy records zero growth in last quarter
The German economy posted zero growth in the final quarter of 2019, the federal statistics authority (Destasis) reported in preliminary statistics on…
Italian industrial output down 1.3% in 2019, worst in 6 years
Italian industrial output fell 1.3% in 2019, the worst result in six years, ISTAT said Monday. It was the first fall since…
Companies feel impact of coronavirus outbreak in China
Companies around the world have warned that a coronavirus outbreak in China could disrupt supply chains or hurt bottom lines as factories…
Greece tries to reverse Brain Drain
The Greek Government is asking talented young people who left the country during the financial crisis to return to the country. To…
Oxfam reveals world’s richest 2,000 people hold more than poorest 4.6 billion combined
The world’s 2,153 billionaires have more wealth than the 4.6 billion people who make up 60 percent of the planet’s population, reveals…
IMF boss says global economy risks return of Great Depression
The head of the International Monetary Fund has warned that the global economy risks a return of the Great Depression, driven by…
China’s economic growth hits 30-year low
China's economy grew last year at the slowest pace in almost three decades. Official figures show that the world's second largest economy…
German economy grew 0,6 % in 2019
The German Federal Statistics Office on 15 January 2020 released German economic growth figures for 2019, saying the economy grew 0,6 per…
Concern increases as Lebanese economy collapses
Jan Kubis, U.N. special coordinator for Lebanon, lamented on the sorry state of the Lebanese economy with Lebanese politicians watching as it…