Economic Contraction

Putin praises Russia’s response to pandemic as retail sales surge in April

MOSCOW (Reuters) – Russia’s economy avoided disaster at the height of the COVID-19 pandemic and is now approaching pre-crisis levels, President Vladimir Putin said on Friday, a claim supported by data showing a 34.7% increase in retail sales in April. FILE PHOTO: A salesperson places a sales sign on a …

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BC Resource Companies Benefit From Rising ‘Supercycle’ Prices

Soaring commodity prices are reflected in healthy profits for large British Columbia forestry and mining companies, but consumers pay the freight The prices of off-standard lumber and other commodities produced in British Columbia are skyrocketing, pushing up stock prices and profits for the big three BC forestry companies and companies …

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Japan’s service sector contracts for 16th consecutive month as health crisis hits demand

Commuters wearing masks walk near Shinjuku Station in Tokyo on November 19, 2020. Kazuhiro Nogi | AFP via Getty Images Service sector activity in Japan contracted for the 16th consecutive month in May, as an extension of emergency coronavirus restrictions at home and tighter restrictions in major Asian markets due …

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What’s Happening in the Global Economy: The Cost of Your Child’s Missing in Camp

Hi. Today, we take a look at the fallout from American children missing from the camp, how the pandemic has exacerbated the global wealth gap, and what a global minimum tax can accomplish. Summer camp rush Add american summer camps to list overheating industries. Like other sectors of the reopening …

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Two Cubans dead, 10 missing after capsized raft off Key West as more Cubans flee economic crisis

The U.S. Coast Guard said on Sunday it was suspending the search for 10 Cuban migrants, who were lost at sea after their ship capsized 16 miles south of Key West, Florida. In addition to the 10 missing, two other Cubans were found dead, while only eight survived the trip. …

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Continuing pandemic will hurt VAT collection down 21.5% – FBC News

The Reserve Bank of Fiji says that if the second wave of COVID-19 is not contained soon, it will weaken the already fragile finances of many companies. In its latest economic review, the RBF says the continuation of the virus will also further curb consumer activity. VAT collections have already …

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India’s economic record is dipped in red ink

Launched in October 2018, Mint’s macro tracker provides a monthly report on the state of the economy based on trends in 16 high-frequency indicators in four segments: consumer economy, production economy, foreign sector and comfort of living. . A year ago, during the first nationwide lockdown, 13 out of 16 …

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Gold and copper give dad two months of stellar performance

Strangely enough, the main root behind the massive bullish moves in Copper and Gold is a byproduct of the same event. The massive recession and economic contraction, which began in March 2020, has led to extreme actions by the Federal Reserve and other central banks around the world. These actions …

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China’s post-pandemic boom is more than what you think, economists say

Amazon CEO Jeff Bezos was briefly called the richest person in the world this week by Bernard Arnault, CEO of French conglomerate LVMH, thanks in large part to China’s appetite for luxury goods. While this is good news for Arnault, China’s recovery – and a redoubled appetite not only for …

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USDA expects record agricultural exports for 2021

New USDA expects record agricultural exports for 2021 May 28, 2021 The U.S. Department of Agriculture’s quarterly agricultural trade forecast projects fiscal year 2021 U.S. agricultural exports at $ 164 billion – the highest total on record. This is an increase of $ 28 billion, or 21%, from the previous …

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