Economic crisis: the most protective states
Faced with the major social crisis caused by the almost complete cessation of economic activity, countries are increasing aid even if it means going into massive debt. France is doing quite well despite a real distrust of the government. Overview. This is the flip side. France is among the most generous countries in the world …. Read More
Australia’s geopolitics after the coronavirus crisis
Grandstand April 30, 2020 By Alexandre Dayant, researcher at the Lowy Institute (Sydney, Australia) At a time when the world is curling in on itself, it seems premature to speculate on the state of post-crisis global geopolitics. However, one thing is certain: the world before coronavirus will not return. An economic and social shock of …. Read More
Covid-19 pandemic triggers global economic crisis
The world could experience the most violent economic crisis since 1945 due to the Covid-19 pandemic. We present the indicators for several countries, only the recent data in China raise a glimmer of hope. In the USA, unemployment rate jumped to 14.7% of the active population in April, compared to 3.6% at the end of …. Read More
A “Japanese-style” solution to avoid the sovereign debt crisis
The current sharp increase in public debt raises fears of the return of a sovereign debt crisis. However, such an evolution is not inevitable. In Japan, if public debt is around 250% of GDP, interest rates on debt are close to 0%. What matters in judging debt sustainability is less its level as a percentage …. Read More
Faced with the Covid-19 crisis from a health and social standpoint: Proposal for a budgetary policy for 2020 in Algeria
Abdelghani Bessaha Introduction The Covid-19 pandemic resulted in one of the greatest recessions since the Depression of 1929 due to the policy of containment of 4 billion people and the shutdown of large swathes of the world economy. As a result, the damage is considerable. In mid-April 2020, global growth dropped considerably (between 30-35%), unemployment …. Read More
Coronavirus Crisis Highlights Critical Moment As China Dominates the West
Posted April 27, 2020 05:00:59 Photo: China’s rise was never going to be without risk. (AP: Susan Walsh, file) This is the calculation we had to have. China’s rise was never going to be without risk. The coronavirus crisis has revealed what should have been obvious: China and the West are on a collision course. …. Read More
WTO, WHO and FAO warn of risk of global food crisis
Disruptions in the markets for agricultural products, lack of arms in the fields, poor protection of food workers against the coronavirus: in a rare joint press release, the leaders of the three multilateral organizations responsible for food, health and Commerce, FAO, WHO and WTO warn of the risk of a global food crisis. Beware of …. Read More
The pandemic continues to drive the global economy into crisis, Market News
by Jonathan Cable and Leika Kihara LONDON / TOKYO, April 23 (Reuters) – Global economic activity appears to have come close to total paralysis in April because of the measures of confinement and social distancing imposed on half the population of the planet to curb the coronavirus pandemic, show several surveys released Thursday. The pandemic, …. Read More
Fears of second wave of job losses as coronavirus crisis hits Australian construction industry | News from Australia
A second wave of job losses from the coronavirus pandemic could hit the Australian economy as construction and construction activity slows and housing projects dry up. Tradies reports residential projects are on hold because homeowners worry about job security and cash flow, unions warn that some larger construction projects are on hold, particularly in New …. Read More
Global economic crisis due to Covid-19, OECD offers solutions – 7info
Experts have said it. It is difficult at this time to assess the economic impact of covid-19 on the world. But the consequences are already being felt in all countries, industrialized states first. They propose to inject 5000 billion to heal the economic wounds caused by the coronavirus in the world. The OECD (Organization for …. Read More