Economic Contraction

Investment mood weakens in first quarter as second wave interrupts recovery, investment data shows

The appetite for new investment gained new momentum in the quarter ended in June as the second wave of covid-19 and subsequent statewide lockdowns undermined business confidence. New investment in projects fell 13%, following the increase in the previous quarter, according to the latest figures from the Center for Monitoring …

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Guyana, pivot of the evolution of the southern Caribbean …

(MENAFN – Caribbean News Global) Scott B. MacDonald is Chief Economist for Smith’s Research & Gradings, Senior Associate at the Center for Strategic & International Studies (CSIS), and Researcher at Global Americans. He is currently working on a book on the New Cold War in the Caribbean. By Scott B. …

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Jordan: a modest economic contraction but the private sector and equality suffer

Amman, June 28, 2021 – The Jordanian economy has been hit hard by the COVID-19 pandemic amid already weak growth and high unemployment rates. The crisis has had particularly profound impacts on the service sector, travel revenues and tourism and, with these, the Kingdom’s economy contracted by 1.6% in 2020, …

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Buenos Aires Hours | Unemployment edged down to 10.2% in the first quarter

Unemployment reached 10.2 percent in the first quarter of this year (down slightly from 10.4 percent in the same period last year), INDEC’s statistics office reported on Thursday, leaving thus 1.3 million unemployed. Unemployment is much higher among women at 12.3% than among men (8.5%), the Covid-19 pandemic and the …

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The Indian economy could grow by 8.4 to 10.1 pc during the current financial year: NCAER

The economic think tank NCAER expects the Indian economy to grow 8.4 to 10.1 percent for the current fiscal year, compared to a contraction of 7.3 percent in the last fiscal year. By releasing its quarterly review of the economy, the National Council for Applied Economic Research (NCAER) advocated for …

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Asia-Pacific Public Infrastructure Project Outlook 2021 Report – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD)–The “Prospects for public infrastructure projects, Asia-Pacific” report was added to ResearchAndMarkets.com offer. This report provides a detailed analysis of the prospects for accelerating public investment in infrastructure, including a list of key projects. Investments in infrastructure in Asia-Pacific had been substantial before the outbreak of the …

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Fed Research: Trump’s Trade Tariffs Lead to Billion Losses | Business and Economy News

Chinese exporters and US importers distorted the data to avoid paying taxes or losing discounts. From the start of 2020, a very unlikely anomaly began to appear in world trade data: China said it was selling more goods to the United States than the United States said it was buying …

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Indonesia left with few options as Covid-19 surge hits economy, Economy News & Top Stories

JAKARTA (BLOOMBERG) – Indonesia has few easy options left to strengthen its economy as a resurgence of the virus threatens its recovery as it seeks to curb its debt and the U.S. Federal Reserve United becomes hawkish. Southeast Asia’s largest economy cut rates last year and rolled out stimulus spending …

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Spain’s bad bank reconsiders its strategy, according to the Minister of the Economy

By Jesús Aguado, Emma Pinedo MADRID (Reuters) – Spain’s Economy Minister Nadia Calvino said on Monday that Spain’s bad bank Sareb was reconsidering its strategy and role given the sustained losses it has recorded in recent years. “We are currently considering what strategy the entity should adopt from now on,” …

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Agriculture and economic recovery – BusinessWorld

The economy is emerging from recession. It’s hard to believe since the GDP in the first quarter contracted by 4.2%. Likewise, the National Economic and Development Authority (NEDA) and the Ministry of Finance (DOF) are optimistic on the basis of economic indicators. The unemployment rate in March fell from 8.8% …

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