by Malik Runswick | Sep 10, 2020 | Business Economics
FRANKFURT—European Central Bank President Christine Lagarde sounded an optimistic tone on the eurozone’s stuttering economic recovery and the strength of the euro, sparking a rally in the currency, as the bank left its policy mix unchanged while it monitors the impact of Covid-19. ECB President Christine Lagarde said the bank is paying close attention to […]
by Malik Runswick | Sep 8, 2020 | Business Law
Josh Williamson, an analyst at Citi, said that an unprecedented A$62bn (£34bn) of stimulus was doled out through rescue schemes for companies and workers. He expects at least A$50bn more in the third quarter. As a result families found their incomes held up even as...
by Malik Runswick | Aug 31, 2020 | Business Law
India’s economy shrank a record 23.9% last quarter as a nationwide lockdown to combat the coronavirus and fear of the fast-spreading pandemic strangled spending. Gross domestic product took a beating in the April-through-June quarter compared with the same quarter a...
by Malik Runswick | Aug 2, 2020 | Business Education
The U.S. economy contracted at a record rate in the second quarter, underscoring the drastic impact of the coronavirus pandemic and suggesting a long road to recovery. The Commerce Department reported Thursday that gross domestic product from April to June plunged...
by Malik Runswick | Aug 1, 2020 | Business Ideas
FRANKFURT—Stringent lockdowns to prevent the spread of Covid-19 weighed heavily on Europe’s economy in the second quarter, causing a record contraction more severe than experienced by the U.S., but analysts said the continent’s success so far in avoiding a resurgence...
