Jun.05 — A deal on a 750 billion-euro ($850 billion) package to help the European Union’s economies recover from the virus-induced recession could be struck in July, according to European Commissioner for Economic and Financial Affairs Paolo Gentiloni. He speaks exclusively on “Bloomberg Surveillance.”
As authorities around the world implemented restrictions and lockdown measures to curb the spread of the novel coronavirus, many businesses had to suspend their operations. The global economy is entering a recession. How to relaunch businesses safely and restart the economy has become a topic that concerns everyone. This episode of COVID-19 Frontline, in collaboration … Read more Live: Talks between China and Italy – how to restart the economy?
Jun.04 — European Central Bank Christine Lagarde discusses the euro-zone economy and the policy response to the coronavirus pandemic. She spoke during a virtual press conference from Frankfurt after the ECB intensified its response to the recession with a bigger-than-anticipated increase to its emergency bond-buying program.
Singapore has slashed its growth forecast for the third time this year. The GDP is expected to shrink by up to seven percent, effectively sending the city-state into its deepest economic downturn. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow … Read more Singapore heads towards worst recession since independence
Australia’s GDP figures may have helped it’s economy sneak into a recession, but they don’t tell the full story, and neither does the official unemployment rate. A collapse in work hours is how many Australians are feeling the pain. Some economists are warning that the recession could become a depression if the Government withdraws it’s … Read more Fears mount that underemployment could drive Australia’s recession deep into depression | ABC News
It’s official: Australia is heading into recession. The news wasn’t unexpected given the devastating impact of the Covid-19 pandemic on the economy. But there could be more bad news on the way. For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe to us on YouTube: … Read more Australia heading into recession | 7.30
Already two years into a recession, Argentina’s prolonged lockdown has brought more misery to a country with an already troubled economic past. A third of the population living in poverty and with many industries have scaling back, the number of people relying food banks has seen a dramatic increase. Please subscribe HERE http://bit.ly/1rbfUog
Australia has entered it’s 29-year dream run of economic growth, after grinding to a 0.2% contraction in the March quarter largely bought on by bushfires and the COVID-19 crisis pandemic. Treasurer Josh Frydenberg today said Australia avoided economic ‘armageddon’, and talked up the ‘economic resilience’ of the nation. But with hundreds of thousands of Australians … Read more Treasurer warns the worst is yet to come as Australia’s economy enters recession | ABC News
Australian markets shrugged off news of the recession, with strong gains by shares and currency. Alan Kohler has today’s finance report. For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe to us on YouTube: http://ab.co/1svxLVE Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 You … Read more Australian dollar rises pinned by hopes of V-shaped economic recovery | Finance Report
Australia’s economy shrunk by 0.3% in the March quarter, according to the national accounts figures. The treasurer Josh Frydenberg said the contraction was less severe than many other countries battling the economic shock associated with the coronavirus pandemic, but acknowledged the country was now in recession – ending three decades of continuous economic growth. Coronavirus … Read more Coronavirus and bushfires tip Australia into first recession in 29 years
Some Australians are living through a recession for the first time. GDP figures from the Bureau of Statistics show Australia’s economy shrank 0.3 per cent in the March quarter, amid bushfires and the early stages of the COVID-19 pandemic. Alison Pennington is a Senior Economist and spoke to ABC’s business reporter Sue Lannin. Read more … Read more Senior Economist Alison Pennington says latest GDP figures is ‘calm before the storm’ | ABC News
Jun.03 — Australian Treasurer Josh Frydenberg discusses the state of the economy, which contracted in the first three months of the year. He speaks at a press briefing. (Excerpts)
After 29 years of uninterrupted economic growth, Australia has entered recession. The latest Australian Bureau of Statistics has revealed Australia’s economy contracted by 0.3 per cent over the March quarter. The Treasurer Josh Frydenberg says the economy will shrink even further next quarter, meaning Australia has entered a technical recession. Mr Frydenberg spoke to reporters … Read more Treasurer Josh Frydenberg says Australia has officially entered recession | ABC News
Jun.02 — Nicki Hutley, partner at Deloitte Access Economics, talks about the growth outlook for Australia. The economy contracted in the first three months of the year, setting up an end to a nearly 29-year run without a recession as an even deeper slowdown looms for the current quarter. Hutley speaks with Yvonne Man and … Read more Australia Economy Shrinks as Recession Looms
The Telegraph’s economics reporter Lizzy Burden interviews Jim O’Neill, former Treasury minister. One of Britain’s most prominent economists has urged Rishi Sunak to scrap the Bank of England’s inflation target to make economic growth its primary goal as Britain attempts a recovery from the pandemic. Lord Jim O’Neill, a former Treasury minister who is understood … Read more Scrap Bank of England inflation target to focus on GDP growth, says Jim O’Neill | CoronaNomics
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