Germany's economy recession coronavirus pandemic

German economy goes into recession due to coronavirus pandemic

The German economy fell by 2.2% in the first quarter of 2020, with the coronavirus pandemic pushing the European country into recession. This was the...

Retail sales in US may fall by 12.3% amidst coronavirus lockdowns

Retail sales in US may fall by 12.3% in April as coronavirus lockdowns are not yet fully lifted. Americans are reducing their spending on...

Potential impact of second wave of COVID-19 on oil industry

The potential impact of a second wave of COVID-19 on oil industry remains a concern for the International Energy Agency (IEA). According to IEA on...

New China tariff waivers for US imports to take effect on May 19

The new China tariff waivers for some US imports will take effect on May 19 and end on May 18, 2021. There are currently...

Coronavirus updates: Boris Johnson unveils UK reopening plan

Boris Johnson unveils UK reopening plan. The initial tentative steps to ease some coronavirus lockdown measures aim to slowly reopen the public life and...
Australia

Australia to implement a three-step reopening plan

Australia will implement a three-step reopening plan to emerge from the coronavirus pandemic. The government will ease social distancing measures. According to Australian Prime Minister...

US reopening will not follow recommendations from CDC

The US reopening plan will not adhere to the 17-page draft recommendation of the Centers for Disease Control and Prevention (CDC), according to a...

Europe to face 7.4% economic contraction in 2020

Europe will face 7.4% economic contraction in 2020. The European Commission expects the worst economic shock since the Great Depression in the 1930s. According to...
US reopening

US reopening must happen despite deaths, sickness — Trump

US reopening must happen even if it leads to more deaths and sickness from the coronavirus outbreak, according to President Donald Trump. Trump wants US...

Economic recovery depends on the level of consumer fear, economists say

Economic recovery depends on the level of consumer fear, according to economists as the services sector leads the recession the US is experiencing. They believe...

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