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US Economy Shrinks By 0.3%, Trump Says "Nothing To Do With Tariffs"
US President Donald Trump said on Wednesday that Americans should be patient in the face of a first-quarter economic contraction, arguing that his tariffs would eventually lead to a boom in the US economy.
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How China's Shrinking Population Is Making A Dent In Its Economy. Expert Explains
Ma Jiantang, former party secretary at the Development Research Centre of the State Council, said China's workforce shrank by 60 million over the past 12 years.
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As Japan And UK Shrink Into Recession, An Opportunity For India
Two of the world's leading economies - Japan and the UK - recently entered into recession, highlighting the financial struggles that countries have been facing after the Covid pandemic.
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Afghanistan Receiving $80 Million Every 2 Weeks As Economy Shrinks: Report
In a newly released report, the Special Inspector General for Afghanistan Reconstruction (SIGAR) has highlighted that millions of dollars have been transported to Afghanistan in different shipments over the previous three months.
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India Became Fifth Largest Economy In 8 Years: Nirmala Sitharaman
India continues to be the fastest-growing economy and is expanding when other economies are shrinking, Union finance minister Nirmala Sitharaman said today.
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Climate Change Shrinking Global GDP By Billions Of Dollar, Says Report
Climate change is already shaving billions off the world's economy, with developing countries hardest hit, according to a new report published Tuesday ahead of COP28 climate negotiations.
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Samsung Says Q4 Profit Tumbled 69 Percent to Eight-Year Low Amid Weakening Global Economy
Samsung on Friday said that its Q4 profit fell to an eight-year low, amid low demand for electronic devices and falling memory chip prices and a weak global economy. The South Korean conglomerate's dismal profit estimate also sets a weak tone for other technology firms' quarterly results. Meanwhile, the company's profits are expected to shrink agai...
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Liz Truss's Exit Ends Revival Of Margaret Thatcher's Libertarian Economics
Daniel Pryor, who lobbies for governments to shrink the state and cut taxes, feels Liz Truss's brief, disastrous spell as prime minister has killed off his dream of a low-tax, deregulated British economy for at least a generation.
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Sri Lanka's Economy Shrinks 8.4 Per Cent Amid Fertiliser, Fuel Shortages
Sri Lanka's economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation's most severe financial crisis in more than seven decades.
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Amid Worries Of Recession, US Economy Shrinks
The dollar dropped to a six-week low against the yen on Thursday, tracking the decline in Treasury yields, after data showed the US economy contracted again in the second quarter.
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Is US Headed For Recession? President Joe Biden's Reply
President Joe Biden said Monday he does not expect the United States suffer an economic downturn, although GDP figures due later this week may show the economy shrinking for a second consecutive quarter.
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Ukraine's Economy Could Shrink 40% in 2022 Owing To Russian Invasion
Areas in which remote work is impossible have suffered the most due to the Russian invasion in Ukraine.
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Mexican Economy Shrinks For First Time Since Pandemic Rebound
Service sector activity in the country was roiled during the summer from a resurgence in the coronavirus pandemic, while global supply chain disruptions have weighed on a recovery in manufacturing, notably in key sectors like carmaking.
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As Africa's Glaciers Melt, Millions Face Drought And Floods, Says UN
Africa's fabled eastern glaciers will vanish in two decades, 118 million poor people face drought, floods or extreme heat, and climate change could shrink the continent's economy by 3% by mid-century, the U.N. climate agency warned on Tuesday.
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Time For Out-Of-The-Box Ideas To Tide Over Crisis: Kerala Finance Minister
At a time when "we are in the worst crisis in a century", it is not right to think about scaling down public spending to meet the larger fiscal goals as such a suicidal approach will only shrink the economy further, Kerala Finance Minister KN Balagop
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US Economy Shrinks By 0.3%, Trump Says "Nothing To Do With Tariffs"
US President Donald Trump said on Wednesday that Americans should be patient in the face of a first-quarter economic contraction, arguing that his tariffs would eventually lead to a boom in the US economy.
-
How China's Shrinking Population Is Making A Dent In Its Economy. Expert Explains
Ma Jiantang, former party secretary at the Development Research Centre of the State Council, said China's workforce shrank by 60 million over the past 12 years.
-
As Japan And UK Shrink Into Recession, An Opportunity For India
Two of the world's leading economies - Japan and the UK - recently entered into recession, highlighting the financial struggles that countries have been facing after the Covid pandemic.
-
Afghanistan Receiving $80 Million Every 2 Weeks As Economy Shrinks: Report
In a newly released report, the Special Inspector General for Afghanistan Reconstruction (SIGAR) has highlighted that millions of dollars have been transported to Afghanistan in different shipments over the previous three months.
-
India Became Fifth Largest Economy In 8 Years: Nirmala Sitharaman
India continues to be the fastest-growing economy and is expanding when other economies are shrinking, Union finance minister Nirmala Sitharaman said today.
-
Climate Change Shrinking Global GDP By Billions Of Dollar, Says Report
Climate change is already shaving billions off the world's economy, with developing countries hardest hit, according to a new report published Tuesday ahead of COP28 climate negotiations.
-
Samsung Says Q4 Profit Tumbled 69 Percent to Eight-Year Low Amid Weakening Global Economy
Samsung on Friday said that its Q4 profit fell to an eight-year low, amid low demand for electronic devices and falling memory chip prices and a weak global economy. The South Korean conglomerate's dismal profit estimate also sets a weak tone for other technology firms' quarterly results. Meanwhile, the company's profits are expected to shrink agai...
-
Liz Truss's Exit Ends Revival Of Margaret Thatcher's Libertarian Economics
Daniel Pryor, who lobbies for governments to shrink the state and cut taxes, feels Liz Truss's brief, disastrous spell as prime minister has killed off his dream of a low-tax, deregulated British economy for at least a generation.
-
Sri Lanka's Economy Shrinks 8.4 Per Cent Amid Fertiliser, Fuel Shortages
Sri Lanka's economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation's most severe financial crisis in more than seven decades.
-
Amid Worries Of Recession, US Economy Shrinks
The dollar dropped to a six-week low against the yen on Thursday, tracking the decline in Treasury yields, after data showed the US economy contracted again in the second quarter.
-
Is US Headed For Recession? President Joe Biden's Reply
President Joe Biden said Monday he does not expect the United States suffer an economic downturn, although GDP figures due later this week may show the economy shrinking for a second consecutive quarter.
-
Ukraine's Economy Could Shrink 40% in 2022 Owing To Russian Invasion
Areas in which remote work is impossible have suffered the most due to the Russian invasion in Ukraine.
-
Mexican Economy Shrinks For First Time Since Pandemic Rebound
Service sector activity in the country was roiled during the summer from a resurgence in the coronavirus pandemic, while global supply chain disruptions have weighed on a recovery in manufacturing, notably in key sectors like carmaking.
-
As Africa's Glaciers Melt, Millions Face Drought And Floods, Says UN
Africa's fabled eastern glaciers will vanish in two decades, 118 million poor people face drought, floods or extreme heat, and climate change could shrink the continent's economy by 3% by mid-century, the U.N. climate agency warned on Tuesday.
-
Time For Out-Of-The-Box Ideas To Tide Over Crisis: Kerala Finance Minister
At a time when "we are in the worst crisis in a century", it is not right to think about scaling down public spending to meet the larger fiscal goals as such a suicidal approach will only shrink the economy further, Kerala Finance Minister KN Balagop
