Economic Contraction

Deeper economic slump in Mexico puts pressure on central bank

Nov. 25 (Reuters) – Mexico’s economy contracted 0.4% in the third quarter, shrinking twice as much as previously thought and making the central bank’s job harder as it juggles record inflation, a weak peso and changes in direction. The number released Thursday by the official statistics agency INEGI was an …

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Booming Saudi economy, tourism projects, good news for job creation – Middle East & Gulf News

Saudi Arabia’s economy grew at its fastest pace in nearly a decade in the third quarter, boosted by rising oil prices, according to preliminary government estimates Bloomberg used for its report. Saudi GDP grew 6.8% versus QoQ, the General Statistics Authority recently said, its fastest pace since 2012, when oil …

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Economy shrinks only 3% despite Covid hits

MP Mark Helyar. (Photo by Sophie Rabey, 30053255) The states said the release of the first gross domestic product estimates for 2020 showed the island’s economy to contract in real terms by 3% in 2020, significantly less than expected when the first implementation of the measures to combat the spread …

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New York State Funeral Home Buried Wrong Person?

When a loved one passes away, you give your local funeral home your trust (and probably a lot of money) to be treated with the utmost respect and dignity. But did a funeral home bury someone who was not a relative of the family who had organized the service? One …

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The economy grows 10% in the second quarter

Nairobi Highway toll stations along the Mombasa Highway under construction. [David Gichuru, Standard] Kenya’s economy is experiencing a steady recovery, shaking off the adverse effects of Covid-19 to register 10% growth in the quarter through June. The rebound was driven by growth in all sectors after the economy reopened, including …

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Philippines’ economic recovery from pandemic falters in third quarter

Q3 GDP increases 7.1% year-on-year vs. + 12% in Q2 The economy grew by 3.8% q / q in Q3 Government says 2021 growth could exceed target MANILA, Nov. 9 (Reuters) – The Philippines’ annual economic growth slowed in the third quarter as new COVID-19 restrictions slashed demand, giving the …

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Indian working classes bear the brunt of Narendra Modi government’s economic policies

The seems to have no relaxation in the bad news emerging from India’s real economy. The latest data from the National Sample Survey Office (NSSO) shows that the economy grew 20.1% in the first quarter of 2021 compared to the same period in 2020. It is still a contraction of …

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Indonesia’s economic growth slows more than expected on the brakes of Covid-19, Economy News & Top Stories

JAKARTA (REUTERS) – Indonesia’s economic growth slowed more than expected in the third quarter as restrictions to control a deadly wave of Covid-19 weighed on activity, although recent data suggests growth could get back on track during the current quarter. Southeast Asia’s largest economy grew 3.51 percent in the July-September …

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Francis-Xavier Sosu: Digitization is not the answer to widespread economic difficulties and mismanagement

Speaking at Ashesi University on the theme “Transforming an Economy Through Digitization: The History of Ghana”, the Vice President of the Republic, Dr Mahamudu Bawumia, attributed to the government of Akufo-Addo the creation of more jobs for Ghanaians than any other administration since the 1992 Constitution was promulgated. This remark …

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