The Paris based policy forum Organisation for Economic Cooperation and Development (OECD) has predicted that the global economy will contract by 6 per cent in the best-case scenario because of the economic impact of the novel coronavirus pandemic.   The OECD said that the downturn for the...

Germany’s new economic stimulus offers “temporary tax cuts, handouts to families and investment in green transport technologies”. Last week, the European Commission was in all praise for Germany’s economic stimulus plan of “130 billion euro”. With this is was also noted that the “most populous...

Economic fall out reflects in an inflation in lending pattern in Brazil. According to Reuters report, the bank lending trend in Brazil is likely to increase by “7.6%” in 2020. The prediction was made by the central bank through a presentation last week. Which cited an increment in demand from...

Opposition law makers of Japan have labeled the $94 billion emergency fund earmarked for as relief package for Covid-19, and which can be availed without any permission from the parliament of the country, as Japanese Prime Minister Shinzo Abe's "pocket money". The lawmakers are also concerned about...

The global economy, even in the absence of a second wave of a pandemic and new restrictions, will decrease by 6% in 2020. In the event of a second outbreak, the recession will amount to 7.6%, follows from the updated forecast of the Organization for Economic Cooperation and Development (OECD). In...

The private economics research group that has the task of being the arbiter for estimating business cycles in the United States has said that the country’s economy has entered recession in February as a because of the economic impact of the coronavirus pandemic bringing an end to the longest period...

The novel coronavirus pandemic outbreak across the world has upended the global economy not seen in recent history.    And the Asian country of Pakistan is one that is hard hit.   According to reports, the fiscal year 2020 so far has turned out to be the worst year for Pakistans...

The slowdown in the wider export market resulted in a drop in the exports of China for the month of May, according to official data from the second largest economy of the world. This was preceded by a surprise jump in the previous month hat was mostly because of export of products related to the...

The European Union is set to make advance purchases of promising vaccines against the novel coronavirus cased disease Covid-19 from an emergency 2.4-billion- euro ($2.7 billion) fund, according to reports quoting EU officials.   According to the reports, this measure came up for discussions...