Economic Contraction

The economic crisis is pushing many workers into the informal labor market in Latin America and the Caribbean

Economic crises like the one in Latin America and the Caribbean are having lasting effects on the structure of employment and could permanently drive many people out of the formal economy, according to a new World Bank report. . The Covid-19 pandemic has the biggest impact on low-skilled workers and …

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New Zealand economy bolstered by property wealth effect and low interest rates – Update

By Stephen Wright WELLINGTON, New Zealand – New Zealand’s economy grew rapidly in the first quarter as the Kiwis – unable to travel abroad due to the pandemic and benefiting from a wealth effect of rapidly rising real estate prices – spent more on restaurants, cars, furniture and local tourism. …

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Good and bad news; Indonesia’s economic activity rebounds, but so do new COVID-19 cases

And this is not unimportant given that retail sales are a leading macroeconomic indicator. The growth in these sales informs us that Indonesian consumer demand for finished goods (measured by purchases of durable and non-durable goods) has finally rebounded. Indeed, retail sales had already improved on a monthly basis (which, …

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Optimistic young workers in Latin America and the Caribbean

Highlights of history Gallup released its “State of the World’s Workplace Report: 2021” COVID-19 has resulted in lost wages and fewer hours worked in the region Leaders can improve employee engagement and well-being COVID-19 has not only changed the workplace, but it has also changed the world. The most recent …

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Leading economist reveals Erdogan’s lies about Turkish economy’s bankruptcy – Asbarez.com

Harut Sassounian BY HARUT SASSOUNIAN Turkish President Recep Tayyip Erdogan, who is completely ignorant about economics, has met with the CEOs of 26 major US companies and told them many lies about the Turkish economy. The reality is that the Turkish economy is bankrupt and millions of Turkish citizens are …

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Soaring freight costs negatively impacting small and medium exporters, report finds

SMEs around the world hold more than 25% of the $ 18 trillion maritime trade. (Representative image, Reuters) The increase in freight costs over the past year due to the shortage of shipping containers is negatively impacting small and medium exporters, according to a new report. As of June 10, …

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Zim’s finance minister optimistic about economic growth beating pandemic

JOHANNESBURG – Zimbabwe’s finance minister has presented a hard-hitting economic growth forecast that far exceeds international expectations for 2021 after years of contraction, dismissing concerns over the fallout from the coronavirus. “This year, we expect growth of around 7.8%, against -4.1%,” Minister Mthuli Ncube told AFP. Its outlook was more …

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Dubai Scholars consolidates its leadership position in education – News

reubai Scholars will open a new addition in September 2021. In doing so, the school is reversing the trend of global economic contraction while consolidating its leadership position in the affordable UK program segment in the country. The new addition will provide increased capacity and support the introduction of new …

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Continuing Venezuelan exodus and COVID-19 underscore the need for global solidarity for the most vulnerable |

Since 2015, some 5.6 million Venezuelans have left the country to escape violence, insecurity and threats, as well as a long-standing economic crisis that has resulted in a lack of food, medicine and healthcare. essential services, according to the United Nations refugee agency, UNHCR. “I don’t even have the words …

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COVD-19: Sunak hails ‘bright sign’ as April reopening records fastest GDP growth since last summer | Economic news

Britain’s economy grew 2.3% in April as the department store and hospitality sector reopened, official figures show. That meant GDP was a record 27.6% higher from the same month last year, when the country was in the grip of the first coronavirus lockdown. Chancellor Rishi Sunak hailed it as a …

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