Economic Contraction

Economic prosperity awaits SA on the horizon, adviser says

Botha, who was the guest speaker at a business breakfast presented by Church Unlimited on Friday, September 10, told the Mbombela business community that South Africa is on the cusp of a new era of economic prosperity. This despite the fact that the country entered what is commonly referred to …

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Moody’s downgrades Bahamas to Ba3, outlook negative – Eye Witness News

Moody’s plans return to pre-COVID tourism levels “only by 2024 at the earliest” NASSAU, BAHAMAS – In the wake of Thursday’s general election, global rating agency Moody’s slashed the country’s credit rating yesterday. The country’s sovereign ratings have been lowered to “Ba3” instead of “Ba2,” underscoring the daunting economic and …

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Mozambique must reconcile military power and development initiatives

Rwandan and Mozambican forces recently recaptured the port city of Mocímboa da Praia in northern Mozambique. The gain is just the latest in a series of victories by military forces to repel an Islamist insurgency in the country that has claimed nearly 3,000 lives and displaced more than 700,000 people …

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This is not the way to handle the recession

Union Finance Minister Nirmala Sitharaman, while announcing the National Monetization Pipeline (NMP), said that asset monetization is based on the philosophy of creation through monetization and aims to “leverage industry investments private sector for the creation of new infrastructures ”. If we look at the two volumes of details provided …

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India’s economy is firmly on track for long-term recovery and renewal, says Vice President Naidu

The vice president also echoed comments by Chief Minister MK Stalin that the history of the Indian subcontinent needs to be “rewritten”. (To file) India’s economy is firmly on the path to long-term recovery and renewal, despite the slowdown in the second wave of COVID-19, aided by a series of …

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Fact Check: Have GHG Emissions Increased Under Trudeau?

The NDP attacked Justin Trudeau and the Liberals’ climate change record on Tuesday, saying that despite big promises, the Grits have failed to reduce greenhouse gas (GHG) emissions in Canada. Trudeau and Singh traded pikes on Tuesday during the election campaign over plans to tackle climate change and reduce emissions. …

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Recession averted, risk again this year | County Chief of St George and Sutherland

Australia’s economy may have avoided the immediate threat of a second recession in as many years, but there is still a risk of a slowdown until the end of the year. Wednesday’s national accounts showed the economy grew 0.7% in the June quarter, slower than the revised 1.9% expansion in …

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Frydenberg warns states to stick to roadmap amid recession fears

“The world will open, Australia will open … Opening up as a single country and according to plan will not only give people hope, but will provide a springboard for our economic recovery.” But in the clearest signal yet that Western Australia was ready to step away from the roadmap, …

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AMP economist Shane Oliver warns of 45% risk of double-dip recession

The AMP and NAB expect net exports to drop at least 1 percentage point from next week’s GDP figures, which must be offset elsewhere. The softer construction figure also reduced NAB’s forecast by 0.5 percentage points. “Weaker than expected result poses a downside risk to our second quarter GDP forecast …

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Stocks open higher ahead of economic data

US stocks rose slightly on Monday, boosted by technology stocks, as investors waited for more signals from the Federal Reserve. The S&P 500 rose 0.8%, pointing to the broad market index extending Friday’s 0.8% gain. The Nasdaq climbed 1.2%, indicating a larger rise in tech stocks. Meanwhile, the Dow Jones …

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