India’s central bank cuts rates to 9-year low as economy stumbles. Fourth time this year that rates have been slashed. Economy still stumbling. By Rishi Iyengar, CNN Business. Updated 7:54 AM ET, Wed August 7, 2019 New Delhi (CNN Business) India’s central bank has cut interest rates for a fourth time this […]
Pakistan Suspends Trade With India Archana Chaudhary and Sarah Jacob. Bloomberg•August 8, 2019 Pakistan downgraded diplomatic relations and suspended bilateral trade with India after New Delhi revoked seven decades of autonomy for the disputed Muslim-majority state of Kashmir. Prime Minister Imran Khan’s government on Wednesday announced a series […]
South Africa’s finances are in bad shape. It’s running out of time to fix them. August 6, 2019 The Conversation. South Africa’s public finances are in a perilous state. There are four main reasons for this. First, economic growth is low or non-existent. Second, tax revenue collection is repeatedly below forecasts. […]
Zimbabwe’s children suffer from country’s economic crisis. $50/month salaries. 5 million people food insecure. 150,000 children need welfare. 175% inflation. What do we know about the number Five (5)? FARAI MUTSAKA. Associated Press•August 11, 2019 HARARE, Zimbabwe (AP) — It is only a few hours since Zimbabwe’s schools […]
Zimbabwean opposition plans demonstrations over economy. ‘A measure of wheat for a penny.’ Reuters•August 6, 2019 HARARE (Reuters) – Zimbabwe’s main opposition party is planning street demonstrations to protest against the government’s handling of the economy, which is mired in its worst crisis in a decade and has […]
Zimbabwe Reaches ‘Tipping Point’ as Inflation Blacked Out Antony Sguazzin, Prinesha Naidoo and Ray Ndlovu. Bloomberg•August 4, 2019 (Bloomberg) — Zimbabwe’s finance minister responded to the country’s worsening economic crisis last week by blacking out inflation statistics for the next six months, boosting the price of the little […]
Emmanuel Macron nightmare as production plummets in France in threat to euro EMMANUEL MACRON’s plan to boost French growth and reduce the budget deficit faces a further setback, as the latest figures reveal industrial production has plummeted in the second quarter. By EMILY FERGUSON PUBLISHED: 12:57, Sat, Aug 10, 2019 | […]
France’s and Italy’s economies takes a hit as key industries see growth plummet FRANCE’s economic expansion has slowed despite President Emmanuel Macron’s tax cuts, as the eurozone continues to weaken. By RACHEL RUSSELL PUBLISHED: 14:56, Tue, Jul 30, 2019 | UPDATED: 18:54, Tue, Jul 30, 2019. Express.co.uk European Central Bank President Mario […]
Germany Readying Stimulus Plan as Contingency for Deep Recession Birgit Jennen. Bloomberg•August 19, 2019 The German government is getting ready to act to shore up Europe’s largest economy, preparing fiscal stimulus measures that could be triggered by a deep recession, according to two people with direct knowledge of […]
What could Germany’s economic crisis mean for the EU? By AMALIE HENDEN PUBLISHED: 11:42, Mon, Aug 19, 2019 | UPDATED: 15:40, Mon, Aug 19, 2019. Express.co.uk Germany could crash into recession after a decline in exports dampened the nation’s economy, which shrunk by 0.1 percent in this year’s second quarter. When Germany’s statistics […]
