recession

IMF: Nearly all Mideast economies hit by pandemic recession
Middle East

IMF: Nearly all Mideast economies hit by pandemic recession

DUBAI, United Arab Emirates (AP) — The coronavirus pandemic has pushed nearly all Mideast nations into the throes of an…
Japan slides into recession — with forecasts of worse to come
World

Japan slides into recession — with forecasts of worse to come

Japan dived into its first recession since 2015, according to official data Monday, with the world’s third-largest economy shrinking by…
Middle East economies battered by virus, oil prices and conflict
Middle East

Middle East economies battered by virus, oil prices and conflict

DUBAI, United Arab Emirates (AP) — The Middle East, already wracked by high numbers of unemployed youth, unrest, conflict and…
V-shaped or U-shaped? Some economists upbeat on virus recovery
World

V-shaped or U-shaped? Some economists upbeat on virus recovery

The coronavirus pandemic has hit like a worldwide hurricane, shutting activity in most economies simultaneously, but some forecasters are more…
Italy, Spain suffer record virus deaths as infection rate surges
World

Italy, Spain suffer record virus deaths as infection rate surges

Italy has logged a shocking spike in its already staggering coronavirus death toll, with officials warning the peak of the…
Coronavirus strikes at Mother’s Day gift market in Egypt
Egypt

Coronavirus strikes at Mother’s Day gift market in Egypt

Brought on by precautionary measures against the novel coronavirus, a recession has hit clothing, shoe and gift markets in Egypt,…
‘Suffering’ German economy dodges recession in third quarter
World

‘Suffering’ German economy dodges recession in third quarter

The German economy escaped a recession in the third quarter as consumers, state spending and construction drove a 0.1 percent…
Hong Kong enters recession as protests again erupt in flames
World

Hong Kong enters recession as protests again erupt in flames

HONG KONG (Reuters) – Hong Kong has fallen into recession, hit by five months of anti-government protests that erupted in…
Price of poultry declining to rates not seen in three years: official
Economy

Price of poultry declining to rates not seen in three years: official

The price of poultry is witnessing a decline the likes of which have not been seen in three years, despite…
US economists expect recession in 2020 or 2021: survey
World

US economists expect recession in 2020 or 2021: survey

A majority of economists expect a US recession in the next two years, but have pushed back the onset amid…
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