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IMF predicts ‘crisis like no other’ after COVID-19

TOPICS: COVID-19, crisis, IMF, lockdown, pandemic

It estimates growth this year at -4.9 per cent, or nearly two percentage points below projections in April, indicating that the recession will be deeper and recovery slower. The latest World Economic Outlook is an update to data published two months ago. Subtitled A Crisis Like No Other, An Uncertain Recovery, it warns that gains […]

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Coronavirus: deepest recession since World War Two

TOPICS: coronavirus, crisis, forecast, recession

In rich countries, economic activity is expected to decline by seven per cent as the coronavirus outbreak severely disrupts domestic demand and supply, trade and finance activities, it said. Incomes fall, extreme poverty looms Emerging market and developing economies are due to shrink by 2.5 per cent – their first contraction as a group in […]

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George Floyd’s brother raises $5 million in three days

TOPICS: crisis, Donald Trump, funds, George Floyd, GoFundMe

The United States is experiencing an unprecedented historical moment. The first months of 2020 have put the health, economic and social stability of one of the world’s major powers to the test. Without forgetting that this is an election year and the management of President Donald Trump on all the open fronts that are challenging […]

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U.S. adds more than 41 million unemployment claims due to crisis

TOPICS: claims, crisis, lockdown, pandemic, stimulus, unemployment, wages, workers, workforce

More than 2.12 million people applied for unemployment benefits in the United States last week, bringing the total number of requests in two months under the covid-19 pandemic to more than 41 million, the Labor Department reported Thursday. In the week ending March 21 and as the pandemic began to hit the U.S. labor market, […]

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A Welsh zoo could have its animals slaughtered for lack of funds due to the coronavirus crisis

TOPICS: Borth, Borth Wild Animal Kingdom Zoo, coronavirus, crisis, funds, United Kingdom, Wales, zoo

The Borth Wild Animal Kingdom Zoo, located in the city of Borth (Wales), is asking for financial help to save the lives of its 300 animals as the coronavirus crisis has left them without funds. Through a video they announce that they have economic resources to keep the animals for one more week: “After that […]

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Brexit and COVID-19: perfect storm stalks Boris Johnson

TOPICS: Boris Johnson, Brexit, coronavirus, COVID-19, crisis, death toll, GDP, Gross Domestic Product, pandemic, unemployment

The Boris Johnson government is under increasing pressure from its own ranks to provide some oxygen to the economy in the midst of the pandemic. In April, the first month that the British were entirely confined, the number of people applying for unemployment assistance rose from 856,500 to 2.1 million, the highest rise in a […]

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Despite the COVID-19 crisis, the S&P500 index rises: the weight of technology companies is increasing

TOPICS: Apple, COVID-19, crisis, FAANG, Google, Microsoft, S&P500

On February 20, 2020, the S&P500, one of the most famous indices in the world that groups the 500 most important companies in the United States, marked its maximum, at 3,373.21 points. Then began the crisis of the Covid-19, which dragged the index in just one month (March 23) to 2,237.40 points, a 33.67% drop. […]

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