The International Monetary Fund (IMF) estimates that the coronavirus has launched into “extreme poverty“- that is, to live on less than 1 dollar with 61 cents a day – 90 million people, the equivalent of twice the population of Spain. It has caused the greatest crisis in history since the Great Depression that occurred 90 […]
Tag: Economy
The CPI increased one tenth to -0.4% in September but its sixth month was negative
The Consumer Price Index (CPI) rose 0.2% in September in relation to the previous month and increased its interannual rate by one tenth, to -0.4%, compared to -0.5% August, mainly due to the rising cost of electricity Since the prices of tourist packages fell less than a year earlier, the National Institute of Statistics (INE) reported this […]
The coronavirus will have an impact on the world economy 44 times greater than that of the 2008 crisis
This year alone, the coronavirus will have an impact on the world economy 44 times greater than the financial crisis of 2008-2009. This has been explained by the chief economist of the International Monetary Fund (IMF), Gina Gopinath, at the press conference to present the report of World Economic Outlook, recalling that “the magnitude […]
Gabon has taken the Covid-19 shock
” We were faced with a second exogenous economic shock in six years .” Jean-Marie Ogandaga, Minister of the Economy, Prospective and Development Programming of Gabon, thus summarizes the impact of Covid-19 this year on his country during a visit to Paris last week. The pandemic has not had a strong health impact in Gabon, with only 54 officially […]
US presidential election: Donald Trump returns to campaign
Less than ten days after being detected positive for Covid-19 and five days after being released from the hospital , Donald Trump is back in the countryside. In defiance of medical advice, the American president organized this Saturday a ”  peaceful demonstration for law and order  “, in front of the White House. He appeared on the balcony of his residence, removing his […]
Dubai’s Economy Won’t Recover From The Pandemic Until 2023, Says S&P
Dubai, one of the famous cities for tourists, was hit as the travel and tourism industry had to close down due to the pandemic. The rating agency, S&P, predicted that Dubai’s economy would contract by 11% in 2020.
Norway uses oil fund to boost economy
The government plans to return to orthodoxy from 2021, with growth rebounding to 4.4%. The economy is much less hard hit by the coronavirus than expected. Let go of ballast, but not too much. For the Norwegian government, the 2021 budget proposal presented on Wednesday should make it possible to revive the economy, although less hard hit […]
WTO: international trade is resisting the coronavirus crisis better than expected
The World Trade Organization forecasts only a 9.2% decline in international trade this year before rebounding 7.2% next year. The public support measures made it possible in particular to avoid a darker scenario. Global trade should avert catastrophe. “International value chains and global trade have proven to be resilient,” said Robert Koopman, chief economist of the World Trade […]
Microsoft to Establish 3 Data Centers in Greece Investing €1 billion
Monday, 5 October 2020 the agreement signed between Greece and Microsoft provides for the construction of three data centers in the metropolitan area of ​​Athens. The announcement comes as the Conservative government sets out to gradually simplify the country’s utility websites. No precise date has yet been announced for the opening of these future data […]
K+S could apparently get rid of US subsidiary Morton Salt soon – Shares are Bulling
The fertilizer and salt producer K + S is apparently on the verge of reaching its goal in the planned sale of the American salt business. According to a report by the Bloomberg news agency, the US subsidiary Morton Salt will go to the Kissner Group for around three billion dollars or the equivalent of […]
