6.9 C
Alba Iulia
Friday, May 29, 2020

recession

KOF expects deep recession – GDP drops 5.5 percent

The corona crisis will trigger a deep recession in Switzerland. The economic research agency KOF of ETH Zurich expects the gross domestic product (GDP) to fall by 5.5 percent in the current year.In its last assessment eight weeks ago,...

NHS coronavirus heroes face two-year wage freeze betrayal as recession hits UK

NHS staff and key workers risk their lives in the coronavirus the battle could face a two-year wage freeze as the recession hits Britain. A Treasury document says that cutting wage hikes in the public sector could...

Canada is undoubtedly in “recession”, says federal finance minister

OTTAWA - Prime Minister Justin Trudeau described Canada's current economic situation as a recession on Friday, and that should not be surprising, said Minister of Finance Bill Morneau...

Gold price rises amid recession fears in the “global economy”

<div id = "firstBodyDiv" data-bind-html-content-type = "article" data-bind-html-compile = "article.body" data-first-article-body = "In light of the mystery that surrounds most Economic sectors, As investors focus their shift toward non-farm payroll numbers to draw further evidence. By 17:34 GMT, the...

UK road traffic rises again after recession, says AA

Traffic on Britain's roads is starting to rebound after the slump that followed the foreclosure, according to the AA, which forecasts an increase in calls as the public continues to move away from public transport. Known for its distinctive...

Corona crisis: British central bank expects deepest recession in 325 years

The corona crisis could lead to an even stronger economic slump in Great Britain than even two world wars: The Bank of England expects economic output to decline by 25 percent in the period from April to June compared...

EU forecasts ‘recession of historic proportions’ this year

The European Union is preparing for a "recession of historic proportions" this year, as the coronavirus pandemic is expected to cause a 7.4% drop in economic production."Europe is experiencing an unprecedented economic shock since the Great Depression," EU economic...

Euro falls against dollar after forecast of recession in Europe

At around 9:00 p.m. the euro lost 0.31% against the greenback at 1.0806 dollars. The euro fell against the dollar on Wednesday, penalized by the forecast of a European...
- Advertisement -

Latest News

‘Lionhearted’ Girl Bikes Dad Across India, Inspiring a Nation

NEW DELHI - She was a 15-year-old with a simple mission: bring papa home.Jyoti Kumari and her dad had...
- Advertisement -

Agent Does Not Expect Bradley Beal To Be Traded To Nets Or Anyone Else

WASHINGTON, DC - MARCH 10: Bradley Beal #...

Jaime King’s estranged husband Kyle Newman claims she’s a ‘chronic drug addict and alcoholic’

In newly filed short docs, Kyle newman is claiming his estranged wife and mother of his kids, Jaime King, is a “chronic drug addict...

Albertans in B.C. border towns find hostile reception at times due to COVID-19 worries

As Albertans seek weekend mountain getaways, some are finding their presence in B.C. border communities isn't always warmly welcomed. Jessica Gray, who has...

Morrison government reveals JobKeeper ‘error’ as global COVID-19 cases surpass 5.1 million, Australian death toll stands at 101

So often it's the rats and mice that change the face of history, writes Elizabeth Farrelly. The sword glint that triggers the battle that...