Reports: World economy faces tough journey back from crisis
WASHINGTON — The world economy likely faces a long slog back from the coronavirus crisis. FILE – In this March 18, 2020, file photo, people are reflected on the electronic…
Germany in recession as economy shrinks 2.2% in 1st quarter
The sun rises over one of the main roads in Frankfurt, Germany, Friday, May 15, 2020. (AP Photo/Michael Probst) BERLIN — The German economy shrank by 2.2% in the first…
China economy better but vital consumer demand still feeble
Workers at SMC, a Japanese pneumatic engineering company, assemble products at a factory in Beijing on Wednesday, May 13, 2020. Foreign invested enterprises in China are stepping up the resumption…
Japan’s Abe says world economy in ‘once-in-a-century crisis’
Men wearing a face mask to help curb the spread of the coronavirus take a rest in Tokyo Thursday, May 14, 2020. Japan is still under a coronavirus state of…
Stocks drop again on worries about slow recovery for economy
Wall Street’s earlier bets that the economy can make a relatively quick rebound from the coronavirus pandemic suddenly don’t look so good. A woman wearing face mask walks past a…
UN forecasts pandemic to shrink world economy by 3.2%
UNITED NATIONS — The United Nations forecast Wednesday that the COVID-19 pandemic will shrink the world economy by 3.2% this year, the sharpest contraction since the Great Depression in the…
Rocky road ahead for ‘sharing economy’ platforms amid pandemic
In this file photo taken on April 15, 2020 a protestor wears a face mask and gloves as Uber and Lyft drivers with Rideshare Drivers United and the Transport Workers…
BSP chief pushes for COVID-19 emergency work program to boost economy
Government decision makers should orient their policies toward securing the public health and the economic wellbeing of Filipinos and postpone the ambition of improving the country’s debt rating for a…
NEDA: COVID-19 crisis a ‘temporary setback,’ PH economy to bounce back
MANILA, Philippines — National Economic Development Authority (NEDA) acting Director-General Karl Kendrick Chua has assured the public that the COVID-19 pandemic is just a “temporary setback” on the economy as…
PH economy contracts for 1st time since 1998
The Philippine economy contracted for the first time in more than two decades during the first quarter, but economists warned on Thursday that the worst was likely yet to come…