Tag: economy
Northern Ireland faces ‘potent threat’ from Brexit and Covid-19
Northern Ireland faces a “potent threat” to its prosperity and stability if reduced business confidence due to uncertainty over post-Brexit trading rules compounds the economic…
ECB expected to pump up eurozone support as pandemic persists
The European Central Bank could announce Thursday hundreds of billions of euros in new bond-buying to keep fighting the pandemic crisis, analysts predict, as EU…
EU economy to rebound ‘quite strongly’ next year says Commission’s Dombrovskis
The EU economy should rebound “quite strongly” next year, the European Commission’s vice president told Euronews, touting his team’s plans for an ambitious coronavirus recovery…
EU’s Von der Leyen to unveil trillion-euro recovery plan
European Union chief Ursula von der Leyen will on Wednesday propose a roughly one-trillion-euro post-virus recovery fund for Europe, but will have to win over…
Global healthcare groups join calls for green, healthy Covid-19 recovery
More than 40 million healthcare professionals from around the world have urged global leaders to build a healthy, climate-friendly economic recovery from the coronavirus crisis,…
Russian economy to shrink 9.5% in Q2 in virus standstill: minister
Russia’s economy is forecast to shrink by 9.5 percent in the second quarter of 2020 compared to the same period last year, while yearly GDP…
US economy risks ‘permanent damage’ from long lockdowns, Mnuchin warns
The US economy risks “permanent damage” if coronavirus lockdowns continue for months, the treasury secretary Steve Mnuchin has warned Congress. Mnuchin’s comments came in a…
IMF chief warns full global economic recovery unlikely in 2021
The global economy will take much longer to recover fully from the shock caused by the new coronavirus than initially expected, the head of the…
US facing severe crisis, but not a depression: Fed’s Powell
The US is facing a severe economic downturn amid the global pandemic, but will not suffer another Great Depression and will see a recovery begin…
Fed’s Powell: Economy may need vaccine for full recovery
The world’s top economy may not see a full recovery without a vaccine to treat COVID-19, Federal Reserve Chair Jerome Powell said Sunday. After more…
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