European economies on course for unprecedented recession
A man walks along an empty street in downtown Barcelona, Spain, Monday, April 20, 2020, as the lockdown to combat the spread of coronavirus continues. (AP Photo/Emilio Morenatti) LONDON —…
Millions to lose jobs, fall into poverty as Indonesia braces for recession
The government estimates that up to 3.78 million Indonesians will fall into poverty and 5.2 million lose their jobs during the coronavirus pandemic, as the International Monetary Fund (IMF) projects…
S. Korea’s shrinking job market sparks fears of recession
Job seekers look for openings at an employment exchange in Mapo, Seoul, on Tuesday. Yonhap via The Korea Herald/Asia News Network SEOUL — Slammed by the novel coronavirus, South Korea’s…
Asian stocks fall on lagging worries about virus, recession
TOKYO — Asian shares were mixed on Wednesday, on continuing worries about the economic fallout from the pandemic as reports of coronavirus cases keep surging in various regions. A woman…
Dominguez: PH readying response to global recession brought by COVID-19
Finance Secretary Carlos G. Dominguez III. DOF PHOTO As the global economy plunged into recession amid the COVID-19 pandemic, the Philippines will try to shield its domestic economy through a…