Tag: economy
Is New Zealand’s government spending a window into Europe’s financial future?
New Zealand announced on Thursday that its public debt will more than double over the next three years as it unveiled a massive investment plan…
Portugal pins economic hopes on early reopening of tourism
With about 30 million tourists visiting Portugal every year, the sector is of huge importance for jobs and economic growth. Despite coronavirus fears, authorities are…
Saudi Arabia triples VAT to support coronavirus-hit economy
Saudi Arabia is tripling its value added tax (VAT) as part of austerity measures to support its coronavirus-hit economy. The government in Riyadh also said…
No ‘V’-shape return from devastating U.S. job loss, Fed policymakers say
As many parts of the world’s biggest economy begin to reopen after weeks of stay-at-home orders that slowed the spread of the coronavirus but gutted…
Covid-19: French economic activity down 33 percent
Economic activity in France picked up slightly over the last two weeks as the country prepares to emerge from a coronavirus lockdown, but it remains…
European economy enters deepest ever recession
The coronavirus pandemic represents a major shock for the global and EU economies, with very severe socio-economic consequences, the Commission said in its Spring 2020…
EU forecasts ‘recession of historic proportions’ this year
The European Union is bracing itself for a “recession of historic proportions” this year, with the coronavirus pandemic expected to cause a 7.4 per cent…
EU could use long-term budget to solve North / South divide, says leading thinktank
The European Union could use its seven-year budgetary plan to tackle inequalities exacerbated by the COVID-19 pandemic, leading European thinktank Bruegel says. The idea of…
Greece is beating Covid-19, but more economic pain beckons
Greece has recorded one of the lowest numbers of Covid-19 fatalities in Europe — a success largely attributed to the discipline of its population under…
ECB under pressure to crank up pandemic stimulus as €1.1 trillion bond buyback funds set to run out
Just weeks after unveiling a massive stimulus scheme in a late-night shock-and-awe move, the European Central Bank is under pressure to deploy even more firepower…
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