Tag: worst

Coronavirus will cause worst economic slowdown since the Great Depression, IMF predictions

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Coronavirus will cause worst economic slowdown since the Great Depression, IMF predictions

Update April 10, 2020 09:21:24 Photo: The IMF has given its darkest prediction to date on the economic damage caused by COVID-19. (Courtesy: New South Wales State Library) The coronavirus pandemic will plunge the world economy into the deepest recession since the Great Depression, said the head of the International Monetary Fund (IMF). Key points: ….  Read More

France is expected to experience its worst recession since 1945

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France is expected to experience its worst recession since 1945

The number of confirmed cases of Covid-19 contamination exceeds 1.2 million worldwide, including more than 68,000 deaths. France counts for its part 8,078 dead since the start of the epidemic, the Directorate General of Health (DGS) announced on Sunday, including 5,889 in hospitals and 2,189 in nursing homes and other medico-social establishments. In Italy, the ….  Read More

Coronavirus Update: Australia Transmits 5,000 Confirmed Cases, Scott Morrison Announces Free Child Care, New York Says The Worst Is Coming, CSIRO Begins Vaccine Trials

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Coronavirus Update: Australia Transmits 5,000 Confirmed Cases, Scott Morrison Announces Free Child Care, New York Says The Worst Is Coming, CSIRO Begins Vaccine Trials

Update 02 April 2020 17:11:47 Photo: New York has more than 83,000 positive cases. (AP: Bebeto Matthews) Australia confirmed three more deaths as it transmitted 5,000 confirmed cases of COVID-19, Prime Minister Scott Morrison announced free childcare for all who need it and CSIRO has started trials for two potential vaccines. Meanwhile, New York has ….  Read More

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Coronavirus: Global stocks go down as investors avoid the worst ..

US equity futures and several Asian stocks fell on Wednesday Concerns about the coronavirus pandemic have overshadowed the hope that broad political support would counter the economic fallout from the epidemic. Most of the traditional safe haven assets were also under pressure, as battered investors sought to unwind their damaged positions, resulting in large disparities ….  Read More

Pour la chef économiste de l’OCDE, Laurence Boone, « ce n’est pas le moment de limiter ces dépenses budgétaires ».

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Laurence Boone (OECD): “The worst scenario would be that of the spread of the epidemic in the southern hemisphere” – Economy

The OECD released sharply downward macroeconomic forecasts on Monday after the emergence of the Covid-19 coronavirus. Ideally, the impact will be 0.5 points on global growth. But if the virus spreads to Asia and advanced economies to a level equivalent to China, the impact could be as much as 1.5 points, halving global growth. Laurence ….  Read More