TOKYO (Reuters) – Japan’s services sector contracted at the fastest pace since the global financial crisis in March as a shock to demand from the…
View More Japan service sector activity slumps most in a decade as virus impact spreads
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'Very material' contraction likely in Australia due to coronavirus: central bank minutes
SYDNEY (Reuters) – Australia’s central bank was worried about the potential for a “very material contraction” in economic activity when it unveiled quantitative easing in…
View More 'Very material' contraction likely in Australia due to coronavirus: central bank minutes
UK business confidence crashes on coronavirus hit: Lloyds
LONDON (Reuters) – Confidence among British companies slumped in the second week of March as the coronavirus crisis gathered pace but before the government shut…
View More UK business confidence crashes on coronavirus hit: Lloyds
Australia's top retail bank boss warns of sharp economic slowdown
SYDNEY (Reuters) – Australia faces a 10% economic contraction in the March quarter as shockwaves from the coronavirus pandemic rip through the economy, the head…
View More Australia's top retail bank boss warns of sharp economic slowdown
Brexit threat: Economist warns of UK’s prospects as coronavirus could cause deep recession
The UK entered a transition period on January 31 and opened negotiations with the EU to discuss its future relationship with the bloc. But the…
View More Brexit threat: Economist warns of UK’s prospects as coronavirus could cause deep recession
Trade bellwether Singapore signals deep recession for world as virus batters economy
SINGAPORE (Reuters) – Singapore is bracing for the worst recession in its 55-year history after the coranavirus pandemic knocked its bellwether economy into a sharp…
View More Trade bellwether Singapore signals deep recession for world as virus batters economy
Economic meltdown after COVID-19 set to end MORE lives than disease itself – dire warning
Speaking on BBC Radio 4’s The World at One, Professor Thomas argued that according to his team’s calculations, if the UK’s GDP fell by more…
View More Economic meltdown after COVID-19 set to end MORE lives than disease itself – dire warning
Weak U.S. core capital goods orders point to deepening business investment downturn
WASHINGTON (Reuters) – New orders for key U.S.-made capital goods fell sharply in February as demand for machinery and other products slumped, suggesting a deepening…
View More Weak U.S. core capital goods orders point to deepening business investment downturn
Merkel nightmare as economist warns coronavirus will cost Germany BILLIONS
Clement Fuest, President of the world-renowned Munich based think tank the Ifo Institute for Economic Research, offered his gloomy prognosis the day after Mrs Merkel…
View More Merkel nightmare as economist warns coronavirus will cost Germany BILLIONS
Brazil's government slashes 2020 GDP growth forecast to zero
BRASILIA (Reuters) – Brazil’s government on Friday slashed its 2020 economic growth forecast to zero from 2.1% previously, as it factored in the expected huge…
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U.S. current account deficit tightens sharply in fourth quarter
WASHINGTON (Reuters) – The U.S. current account deficit narrowed sharply in the fourth quarter as the Trump’s administration’s trade war with China led to the…
View More U.S. current account deficit tightens sharply in fourth quarter
Coronavirus UK: How are supermarkets tackling panic buying? All the rules in place
Store cupboard items such as tinned tomatoes, pasta, and rice have become gold dust as shoppers stock up in preparation for potential quarantine and self…
View More Coronavirus UK: How are supermarkets tackling panic buying? All the rules in place
Japan's exports fall, imports from China slump as virus impact widens
TOKYO (Reuters) – Japan’s exports slipped for a 15th straight month in February as U.S. and China-bound shipments declined, suggesting a cooling of business activity…
View More Japan's exports fall, imports from China slump as virus impact widens
Credit Suisse sharply cuts Mexico's 2020 GDP, sees economy shrinking by 4%
MEXICO CITY (Reuters) – Credit Suisse sharply lowered its forecast for Mexico’s economic performance this year and now expects a 4.0% contraction, according to a…
View More Credit Suisse sharply cuts Mexico's 2020 GDP, sees economy shrinking by 4%