Tag: recession
Europe’s recession may be milder than feared, ECB’s Schnabel says
Some economic indicators suggest that Europe’s pandemic-induced recession may be milder than earlier feared, European Central Bank board member Isabel Schnabel told Dutch newspaper NRC…
Rising hunger threatens famines as coronavirus crashes economies, leaves crops to rot in fields
Recessions caused by the coronavirus pandemic are leaving people hungry and raising the specter of famines this year. Unless the world acts immediately, a UN…
It’s official: U.S. economy entered recession in February
The U.S. economy ended its longest expansion in history in February and entered recession as a result of the coronavirus pandemic, the private economics research…
EU forecasts ‘recession of historic proportions’ this year
The European Union predicted Wednesday “a recession of historic proportions this year” due to the impact of the coronavirus as it released its first official…
World economy ‘may face double recession’
The world economy already faces an economic downturn worse than the Great Depression. But this could be followed by another “possibly much worse downturn”, according…
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