Gross domestic product plummeted 6.4% in the European Union and 6.8% in the euro area in 2020 as a result of the coronavirus pandemic, ending seven years of growth in both areas, according to preliminary data published this Tuesday by Eurostat and collected by Efe. In Spain, the fall was historic: 11%, the worst figure […]
Tag: Macroeconomy
Ursula Von der Leyen confirms that 300 million doses of Pfizer, Moderna and AstraZeneca will arrive in Europe in the second half of 2021
Ursula Von der Leyen, President of the European Commission, confirmed this Tuesday that 300 million doses of Pfizer, Moderna and AstraZeneca vaccines will arrive in Europe in the second quarter of 2021. Featured statements: “If approved, more than 80 million vial doses of J&J and Curevac will be available in the second quarter.” “AstraZeneca will […]
Von der Leyen says AstraZeneca will deliver 9 million more doses of the vaccine
In good news at the start of a new month, Ursula Von der Leyen, president of the European Commission, tweeted on Sunday that AstraZeneca to begin deliveries of its COVID-19 vaccine a week earlier than expected. The EU president added that the Anglo-Swedish pharmaceutical company will deliver nine million more doses of its vaccine to […]
Revises the forecast for world economic growth for 2021 to 5.5% compared to 5.2% seen in October
In its latest outlook report for the world economy, the International Monetary Fund (IMF) has revised up its forecast for 2021 global economic growth to 5.5% from 5.2% in the October release, as reported by Reuters. Key takeaways summarized by Reuters: “The IMF forecasts a global economic contraction in 2020 to 3.5% versus October forecast […]
The premature withdrawal of political support could lead to worse results in the world economy
A premature withdrawal of political support could lead to worse results in the world economyGita Gopinath, chief economist at the International Monetary Fund (IMF), said Tuesday, Reuters reports. Additional comments: “The 2020 economic crisis remains the worst peacetime global contraction since the Great Depression“. “The global economy can emerge from crisis with fewer scars than […]
Ministry of Health says news about lower efficacy of AstraZeneca vaccine cannot be confirmed
In response to media news about the efficacy of AstraZeneca’s coronavirus vaccine, Germany’s Health Ministry has said they cannot confirm local news. Additional comments: “Data does not suggest efficacy of just 8% for older people“. “Reiterate that awaits the decision of the EMA about the AstraZeneca vaccine on Friday. “ The news of German media […]
Merkel says management of the pandemic has “gotten out of control”
Amid growing concerns about the coronavirus across the Old Continent, the German Chancellor, Angela Merkel has said that the country’s management of the pandemic has “gotten out of control”the Bild newspaper reported Tuesday. Key Comments: “The potential threat from different virus variants, which spread more rapidly, means that Germany is ‘sitting on a powder keg’, […]
The German economy is expected to reach pre-crisis levels by mid-2022
The German Economy Ministry expects the German economy to reach pre-crisis levels by mid-2022Reuters reports Monday citing a draft government document. Additional details from the report reveal that the ministry forecasts a debt-to-GDP ratio of 72.5% in 2021 and 68.75% in 2024. . Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional […]
The Covid pandemic will freeze wages and increase the pay gap between managers and employees in Spain
The economic crisis caused by the coronavirus draws a horizon of stagnation in salary increases in Spain and a greater distance in remuneration between managers and employees base. The pandemic also opens the door to a dual economy, with an extreme impact on some sectors (services, commerce or tourism) and good results for other types […]
Eustice says no, the government does not think it is right at this time to close the borders
UK Environment Secretary George Eustice said in a statement on Friday that the government does not believe that it is correct at this time to opt for the total closure of the borders. Additional comments: The manufacturing capacity it is the main limitation to the launch speed of the vaccine. I think the new border […]
