As US President Donald Trump boasted in regards to the nation’s document GDP rise in the course of the third quarter of 2020, his detractors rushed to remind him the “development” was merely a partial restoration from the catastrophic Covid-19 recession. ...

The US economic system is at present crippled by two simultaneous crises – rising Covid infections and an financial crash that occurs each a number of years – Professor Richard Wolff instructed RT’s Increase Bust. ...

The financial decline in Russia as a result of Covid-19-related disaster will probably be round 4 p.c this 12 months, which is lower than in different nations, Russian President Vladimir Putin stated on the Russia Calling funding discussion board. ...

The US is going through a really critical financial downturn and the present “political bickering” about new stimulus measures isn’t doing any good for the American folks, Professor Richard Wolff instructed RT’s Growth Bust. ...

The US financial system might lose a whopping $ 16 trillion as a result of devastating influence of the Covid-19 outbreak, each in output and folks’s lives, new analysis has discovered. ...

The Indian financial system might climb from fifth to 3rd spot within the record of the world’s largest economies over the following three many years, in response to a current research printed within the medical journal Lancet. ...

With many of the world dealing with a deep recession as a result of coronavirus pandemic, China would be the solely main economic system to climb again from the depths of the historic disaster in 2020, in accordance with the Worldwide Financial Fund (IMF). ...

With growing pressures of Coronavirus Pandemic, which based on authorities estimates led to unemployment of 5 million Iranians, equal to 20% of the nation’s labor power, the federal government resorted to promoting authorities belongings on the inventory market to finance itself. In international locations with secure economies, inventory market can ...

This yr’s output figures can be paying homage to the 1930’s Nice Melancholy, in line with the Worldwide Financial Fund (IMF). It mentioned that the world is susceptible to considerably lowered funding, commerce and job numbers. ...

The Indian financial system, which has been severely hit by the coronavirus pandemic, will begin recovering from the “horrible disaster” if the federal government ramps up efforts on each the fiscal and the financial sides, the IMF has stated. ...