15:27 | 26/05/2020 Global Economy
China on Friday said it would not set a growth target for the current year as the country was working to ensure winning the battle against poverty. China’s Prime Minister Li Keqiang acknowledges risks facing China but lays emphasis on 6 sectors to boost economy, generate jobs.
13:27 | 20/05/2020 Global Economy
The business shutdowns caused by the cornavirus pandemic could "easily" cause the US economy to collapse by 20 to 30 percent this quarter, Federal Reserve Chairman Jerome Powell said Sunday.
Economic cost of pandemic will be enormous: SNB chief
13:30 | 15/05/2020 Global Economy
Coronavirus is costing between CHF11 billion and CHF17 billion a month, putting such a strain on the Swiss economy that it will take years to recover. Swiss National Bank (SNB) chairman Thomas Jordan has predicted the worst depression since the 1930s.
US economy shrank by 4.8 percent in first quarter
13:39 | 02/05/2020 Global Economy
The American?economy?shrank?by 4.8 percent in the first quarter of the year, the sharpest decline since the financial crisis more than a decade ago as the?coronavirus?pandemic forced a near shutdown of the country, ending the longest expansion on record.
Creditors suspend debt payments for poor countries
07:21 | 16/04/2020 Global Economy
The main international creditors have agreed to suspend the payment of the debt of the poorest countries this year, throwing a financial lifeline to help them cope with the coronavirus crisis, said the French Minister of Finance on Tuesday.