World working hours are anticipated to have plummeted by 14 p.c within the second quarter of 2020 because of the Covid-19 pandemic, in keeping with the Worldwide Labour Group (ILO). ...
The prime minister lauding Franklin Delano Roosevelt’s “New Deal” this week is simply the newest step alongside the Conservative Social gathering’s lengthy street to leftism. He’s not a lot a “Brexity Hezza” as a wetter model of Ted Heath. ...
The Covid-19 pandemic has triggered a ‘financial savings glut’ in the US, which works “fully in opposition to” insurance policies designed to stimulate American financial progress, say Max Keiser and Stacy Herbert. ...
The coronavirus outbreak has been very pricey to Asian financial growth, the Worldwide Financial Fund (IMF) stated because it revised down its forecast for the area and warned of attainable protracted restoration. ...
Britain’s economic system has seen its largest contraction in additional than 4 many years, in response to figures from the Workplace for Nationwide Statistics (ONS). The nation’s gross home product plunged additional than anticipated, by 2.2 %. ...
A brand new survey by the Worldwide Commerce Centre (ITC) has discovered that worldwide commerce dropped throughout all 4 quarters of 2019, with declines intensifying in early 2020 in a “ripple impact that began in China.” ...
Within the fashionable fiat system, at the very least 20 % of listed corporations are within the enterprise of shuffling debt, fairly than manufacturing or producing something of worth, say Max Keiser and Stacy Herbert. ...
Russia’s Ministry of Financial Improvement has launched a recent forecast for 2019-2022. The ministry stated there will likely be no V-shaped restoration: after a 5 % plunge in 2020, actual GDP will solely get well beginning in mid-2022. ...
The top of the European Central Financial institution (ECB), Christine Lagarde, has warned of a significant financial downturn for the European Union, resulting in a surge in unemployment. ...
The world’s fifth greatest financial system, India, will rebound in 2022 following a deep contraction because of the coronavirus pandemic, S&P World Scores mentioned. ...
