04 Nov 2020

Argentina’s President Struggles to Avert Economic Crash

Last year, Argentinian President Alberto Fernandez was elected to lift the country out of a harmful and devastating economic recession. Now, the economy is facing a surmounting crisis as COVID-19 threatens economic stability across the world. The Argentine government is struggling to create an economic plan while managing a leftist

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12 Aug 2020

U.K. Economy Shrinks by More Than Any Other Rich Country

According to second-quarter reports, the UK is facing a steeper Q2 contraction than its counterparts, faring the worst out of any comparable economy due to the COVID-19 pandemic. The UK has also reported the highest death toll within the region, and months of lockdown measures and business closures have pushed

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23 Jul 2020

South Korea Slumps Into a Recession

South Korea’s economy has fallen into a recession following its second quarter of contraction. This is likely due to the COVID-19 pandemic taking a heavy toll on the country, which is heavily reliant on exports. Gross domestic product within South Korea shrank by 3.3% in the second quarter, according to

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08 Apr 2020

Worst recession in decades piles pressure on EU to agree new relief package

According to forecasts published on Wednesday, Europe’s top two economies are experiencing the worst contraction in decades as EU officials work towards new measures to relieve economic pressure and distress. German economic research institutes stated that the country’s economy is likely to shrink by 4.2% this year as a result

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26 Mar 2020

The Latest: 3.3M US jobless claims tops record set in 1982

Last week, 3.3 million Americans applied for unemployment benefits as a result of their place of employment closing amid the pandemic, which is more than quadruple the previous record set in 1982. China has also expressed discontent with the “Wuhan virus” name for the COVID-19 virus, and the Health Minister

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04 Mar 2020

Coronavirus: World Bank pledges $12bn in emergency aid

The World Bank has reportedly committed $12 billion in aid for developing countries that are facing the coronavirus outbreak and how to combat it financially and medically. The WB aid includes low-cost loans, grants and technical assistance to aid these countries in preventing the outbreak and managing the coronavirus if

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14 Nov 2018

Property bubble fears rise as China struggles with trade war

Concerns over the highest vacancy rate in the world and a cooling economy dealing with a trade war has sparked concerns of an impending bubble in the Chinese housing market. A recent report from China’s largest state-backed investment banks has forecasted that 2019 could be a “year of recession” in

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