CORONAVIRUS ECONOMY
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Business & Economy
European economies hit by summer uptick in Covid cases
Frankfurt, Germany, Aug 28 (efe-epa).- German consumer confidence in August took a severe hit after three months on the rise,…
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Business & Economy
Coronavirus pushes UK into recession for first time in 11 years
London, Aug 12 (efe-epa) .- The United Kingdom has officially entered a recession for the first time in eleven years…
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Business & Economy
Coronavirus takes historic dent out of Europe’s economy in Q2
Brussels, Jul 31 (efe-epa).- The European Union’s GDP suffered an 11.9 percent drop in the second quarter of 2020 as…
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Business & Economy
Germany
Berlin, Jul 30 (efe-epa).- Germany’s economy suffered its sharpest economic downturn since records began in the second quarter of 2020…
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Business & Economy
Unemployment to soar this year, worst in Latin America, OECD warns
Paris, Jul 7 (efe-epa).- Unemployment levels will be higher by the end of 2020 than in the 2008 financial crash,…
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Business & Economy
US economy contracts by 5 pct. in 1st quarter, final reading shows
Washington, Jun 25 (efe-epa).- The United States’ economy contracted by 5 percent in the first quarter of 2020 – the…
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Business & Economy
New Zealand inches towards recession after nearly 10 years of growth
Sydney, Australia, June 18 (efe-epa).- New Zealand recorded a 1.6 percent drop in its gross domestic product in the first…
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Business & Economy
UK’s GDP plummets 20.4 percent in April
London, Jun 12 (efe-epa).- The United Kingdom’s economy shrank by 20.4 percent in April this year due to a cessation…
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Labor & Workforce
South Korea records 10-year unemployment low due to pandemic
Seoul, June 10 (efe-epa).- South Korea recorded an unemployment rate of 4.5 percent in May – its worst since January…
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Business & Economy
Spain GDP to contract 9-11.6 percent, German production in historic drop
Madrid Desk, June 8 (efe-epa).- Two of the European Union’s most fragile economies, Spain and Italy, revised their growth forecasts…
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