by pallanus | May 15, 2020 | Business News
Enormous doses of stimulus spending are offering relief from coronavirus damage but their lifelong legacy of debt could seed future crises by hobbling economic growth and worsening poverty, especially in developing countries. Central banks and governments worldwide...
by pallanus | May 11, 2020 | Business News
The package would aim to cushion the blow to the world’s third-largest economy, which is on the cusp of a deep recession. The new measures will include aid to companies struggling to pay rent, support for students who have lost part-time jobs, and more subsidies to...
by pallanus | May 8, 2020 | Business News
The aid includes a flexible $500 million loan to help Ecuadorian authorities cover budget needs during the crisis and to promote economic recovery. It is a variable-spread loan with a 28-year maturity period and an 11-year grace period. The outbreak of the novel...
by pallanus | May 4, 2020 | Business News
Jordan’s cash-strapped economy is expected to contract around 3 per cent in 2020 due to the impact of the coronavirus as government revenue plunges due to a tight lockdown that paralysed businesses, the finance minister said on Sunday. The International Monetary...
by pallanus | May 4, 2020 | Business News
Donald Trump said there had to be more help for Americans suffering from the economic tailspin brought about by the new coronavirus in a possible hint he wants Congress to pass another aid bill. US President Donald Trump US President Donald Trump said there had to be...
