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IMF chief warns global economy 'not out of the woods'
Jul 16, 2020 05:55IMF chief Kristalina Georgieva has warned of a possible second wave of the coronavirus, urging countries around the world to keep their support programs in place.
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World economy to contract at least 6% in 2020: OECD
Jun 10, 2020 10:24The global economy will contract at least six percent this year, with the unprecedented loss of income and "extraordinary uncertainty" caused by measures to contain the coronavirus outbreak, the Organization for Economic Cooperation and Development (OECD) says.
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Coronavirus crisis could cost global economy $82 trillion: Report
May 21, 2020 08:31The coronavirus pandemic could cost the global economy up to $82 trillion as most countries have slid into a serious recession due to the fallout of the fatal disease, a new report shows.
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US trade deficit widens to $44.4 billion in March on falling exports
May 05, 2020 13:49The United States government says its exports faltered nearly 10 percent in March, taking the country’s trade deficit to over $44 billion.
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US economy contracted most since Great Recession over coronavirus
Apr 29, 2020 08:40The US economy contracted in the first quarter at its sharpest pace since the Great Recession as businesses across the country shut down and laid off tens of millions of workers to slow the spread of the coronavirus pandemic.
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US purged another 5.2 million jobs last week
Apr 16, 2020 13:19Amid the worsening economic damage from the coronavirus pandemic, another 5.2 million US workers were jobless and sought unemployment benefits last week, the US regime reported Thursday.
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World economy 'may face double recession' amid coronavirus pandemic
Apr 16, 2020 07:37As the world economy is expected to suffer its worst year in 2020 since the Great Depression of the 1930s, another “possibly much worse downturn” is likely to follow.
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IMF says virus pandemic to unleash worst recession since Great Depression
Apr 09, 2020 13:38The coronavirus pandemic will trigger the worst fallout since the 1930s Great Depression, warns the IMF head.
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Oil prices fall further 6 percent
Mar 12, 2020 08:37Oil prices have plunged a further six percent Thursday after US President Donald Trump announced travel restrictions on Europe to combat the spread of the coronavirus, ramping up fears of more recession.
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Malaysian PM welcomes Rouhani's cryptocurrency proposal alternative to US dollar
Dec 20, 2019 13:08Malaysian Prime Minister Mahathir Mohamad has said that he agrees with Iran’s suggestion on using cryptocurrency as an alternative to the US dollar.