After several years of high growth fuelled mainly by domestic demand, Malta’s economy was beginning to slow down even before the COVID-19 pandemic. The disease … Read more
In May 2020, when Member States began easing the COVID-19 containment measures, the seasonally adjusted volume of retail trade increased by 17.8% in the euro … Read more
Panama announced plans on Monday to begin a phased reopening this week of its economy, including e-commerce, mechanical workshops and fishing, after slowing the spread … Read more
Partial recovery in 2021 only if pandemic fades this year
A chilling analysis of economic prospects was made public by the International Monetary Fund on … Read more
The Bank of England has agreed temporarily to finance government borrowing in response to COVID-19 if funds cannot immediately be raised from debt markets, reviving … Read more
The rapidly-spreading coronavirus outbreak is expected to push sub-Saharan Africa into recession in 2020 for the first time in 25 years, the World Bank said … Read more
In its worst performance since 1945, the French economy shrank around six percent in the first quarter of this year as the coronavirus pandemic decimated … Read more
The managing director of the World Bank has told Sky News that the coronavirus could wreak devastation on populations in the developing world.
Axel van … Read more
Following the European Commission’s green light to EU Member States allowing for fiscal rules to be flexed to accommodate additional spending in light of the … Read more
Apart from the tragic human consequences of the COVID-19 coronavirus epidemic, the economic uncertainty it has sparked will likely cost the global economy $1 trillion … Read more
Fears over the impact of coronavirus on the European economy are mounting as cases of the disease in Italy increased dramatically in the past week.… Read more
Italy’s 2020 growth forecast may be revised down if there is a significant impact from the coronavirus outbreak, Italy’s Economy Minister said on Wednesday.
“The … Read more
Japan’s economy shrank at the fastest rate in five years at the end of 2019 as it was hit by a sales tax rise, a … Read more
The German economy posted zero growth in the final quarter of 2019, the federal statistics authority (Destasis) reported in preliminary statistics on Friday.
The Gross … Read more
Italian industrial output fell 1.3% in 2019, the worst result in six years, ISTAT said Monday.
It was the first fall since 2014 and the … Read more
Up to ten new innovative Freeports will be opened across the UK as the Government seeks to level up the country and seize on the … Read more
Companies around the world have warned that a coronavirus outbreak in China could disrupt supply chains or hurt bottom lines as factories and shops shut … Read more
The world’s 2,153 billionaires have more wealth than the 4.6 billion people who make up 60 percent of the planet’s population, reveals a new report … Read more
The head of the International Monetary Fund has warned that the global economy risks a return of the Great Depression, driven by inequality and financial … Read more
More diners across the world will be tucking into British produce than ever before this Christmas, with global sales of British turkey, Brussel sprouts and … Read more
German Economy Minister Peter Altmaier wants to set up a new government body with powers to decide quickly whether to take stakes in key domestic … Read more
Import duties on various products including cars, clothes, and household appliances are set to be removed in Switzerland. If parliament approves the plan, the measure … Read more
Euro zone business growth almost ground to a halt this month as activity in the bloc’s dominant services industry increased at a much weaker pace … Read more
Annual profits at China’s Ningbo S-Power International Logistics Co are down a sharp 40% year-on-year.
The firm’s woes highlight a bigger problem for the … Read more
China’s producer prices fell the most in more than three years in October, as the manufacturing sector weakened on declining demand and a knock from … Read more
The French government has launched its biggest wave of privatisations in more than a decade, kicking off the process with the sale of the majority … Read more
The European Commission said Thursday that it has cut its growth forecast for Italy for 2020 from 0.7% to 0.4%. In its autumn economic forecasts, … Read more
The Norwegian State’s net cash flow from the petroleum industry in 2020 is estimated to about NOK 245 billion.
The fields on the Norwegian continental … Read more
French President Emmanuel Macron and Chinese President Xi Jinping announced major trade contracts in Beijing in Wednesday worth €13.5 billion.
Deals were agreed in aeronautics, … Read more
France will establish a quota system, by region and profession, for issuing work permits to non-EU citizens, the country’s Labour Minister Muriel Penicaud announced.
It … Read more
The signing of the world’s largest trade pact will likely be kicked back to 2020, according to a draft statement by Southeast Asian leaders, delaying … Read more
Saudi Arabia’s market regulator approved on Sunday Saudi Aramco’s application to list on the domestic stock market as the kingdom seeks to diversify and create … Read more
German unemployment rose more than expected in October, data showed on Wednesday, suggesting that a manufacturing crisis in Europe’s largest economy is spilling over to … Read more
ASEAN Economic Ministers hold hands for a group photo after the 18th ASEAN Economic Community (AEC) Council Meeting of the 35th Association of Southeast … Read more
Brent crude prices are expected to be around $60 to $65 a barrel next year as any possible price hikes from geopolitical risks would be … Read more
Euro zone economic sentiment deteriorated in October for a second straight month, data showed on Wednesday, as pessimism in industry spread to services and consumers … Read more
Prolonged political uncertainty in Britain is forcing finance directors to cut costs and hold off hiring to help companies prepare for an unpredictable year ahead, … Read more
Hundreds of German companies have appealed for more direct support from Brussels and a business-friendly stance from EU lawmakers as they grapple with the effects … Read more
After 15 months of trade talks between Washington and Beijing, the two sides have “come to a very substantial phase one deal,” US President Donald … Read more
The Irish Central Bank has issued stark warnings and significant job losses in Ireland in the event of a no-deal Brexit.
A disorderly Brexit will … Read more