06 Aug 2020

U.K. Economy Won’t Make Up Lost Ground Until End of 2021

The UK economy has suffered alongside other European countries due to the COVID-19 pandemic and subsequent lockdown measures enacted to prevent the spread of the virus. The Bank of England has stated that the economy will take until at least the end of 2021 to recover from an economic contraction

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05 Aug 2020

Coronavirus: Sweden’s economy hit less hard by pandemic

During the height of the COVID-19 outbreak in Sweden, the country did not adhere to standard lockdown measures and rather kept businesses open to mitigate economic fallout. However, Sweden’s economy still suffered alongside its European counterparts. Sweden saw its economy shrink 8.6% in the April-to June period from the previous

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16 Jul 2020

China Is First Major Economy to Return to Growth Since Coronavirus Pandemic

The COVID-19 pandemic has drastically affected the global economy, with many countries experiencing a recession due to lockdown measures, unemployment, and decreased spending. However, China has become the first major economy to return to growth since the beginning of the pandemic. On Thursday, China reported that its economy grew by

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22 May 2020

India’s Central Bank Combats Coronavirus Pain With a Surprise Rate Cut

India is still in the middle of the world’s largest lockdown in an effort to reduce the spread of the COVID-19 virus. To ease the economic pressure, India’s central bank pulled a surprising move by cutting its key lending rate in hopes to reignite growth. India’s economy has suffered greatly

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22 May 2020

Virus accelerates across Latin America, India, Pakistan

The COVID-19 pandemic has been accelerating across Latin America, Russia, and India as European countries, Asia, and the US begin to reopen and loosen lockdown measures. Governments have been making difficult decisions between saving jobs and the economy or preventing the spread of the virus as quickly as possible. In

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21 May 2020

China focused on jobs as national legislature meets

China is seemingly following the US and other governments in distributing stimulus spending checks to restart its economy, which has been crippled by months of strict lockdown measures. On Friday, companies and the public will meet for the ceremonial national legislature to discuss this option. Although China reopened in March

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19 May 2020

A US-China trade war is the last thing the world economy needs now

As the global economy suffers as a result of COVID-19 lockdowns and restrictions, the pandemic has also renewed tensions between the US and China, creating instability in what was already a fragile truce on trade between two of the biggest world economies. The pandemic has left the global economy in

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07 May 2020

Iraq Gets New Government After Months of Political Deadlock

Early this morning, Iraq swore in a new government after months of political deadlock that hindered the country’s ability to adequately respond to crises brought on by the COVID-19 pandemic. Lawmakers in protective gear voted in 15 ministerial candidates appointed by intelligence chief Mustafa al-Kadhimi, who will now become prime

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01 May 2020

Protesters in Lebanon Demand Economic Relief as Coronavirus Lockdown Eases

This week, Lebanon began to reopen businesses and return to normal life after a pandemic lockdown, however, protestors have taken to the streets to demand economic relief from the country’s deteriorating economy. This is the first sign of a violent backlash following the weeks Lebanon spent under lockdown. On Tuesday,

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24 Apr 2020

Coronavirus: Congress passes $484bn economic relief bill

Congress has passed a $484 billion COVID-19 relief package, becoming the fourth aid bill to clear Congress pertaining to the pandemic. The relief package is meant to increase the small business aid fund, while funding hospitals and testing throughout the US. President Donald Trump said that he would enact the

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