Global economy falls off a cliff One in five Americans could soon be unemployed, while 19 Euro area economies shrunk as statistics show a glimpse of COVID-19 economic chaos.
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We tackle three hot topics. The first is the state of medical marijuana. We'll explain why the Compassionate Care Act, which would give doctors the authority to prescribe marijuana, has stalled.
The new coronavirus, which causes Covid-19, is “the major uncertainty in the global economy” and has “the potential to trigger a worldwide recession”, says Forbes.
All the latest breaking news on global economy. Browse The Independent’s complete collection of articles and commentary on global economy.
The New Zealand dollar fell further as the coronavirus's dramatic impact on China's economy ripples out to the rest of the world. The kiwi was trading at 63.95 US cents at 5pm in Wellington from.
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In more economic news, the International Monetary Fund warned Tuesday the coronavirus pandemic will spark the worst economic downturn since the Great Depression of the 1930s. The IMF said global.
Saudi oil experts said that the global economy would need strong stimulus measures for oil prices to recover after a tumultuous start to the week. It comes as US oil prices dropped into negative.
The latest Economy News from the BBC: breaking news on the global and UK economy and international investments including audio and video coverage.
Twenty years ago, China’s economy was a tenth the size of the United States. In 2019, it is two-thirds as big. In 2039, on the current trajectory, it will be more than 10% bigger. India will.
Global merchandise trade stalled in 2019 under the weight of persistent trade tensions, with trade turning down toward the end of the year. This is illustrated by Chart 4, which shows seasonally-adjusted quarterly merchandise trade volumes as measured by the average of exports and imports. Trade in the fourth quarter was down by 1.0% year-on-year and by 1.2% compared to the third quarter of.
Latest world news from the energy sector. Our news analysis covers Fossil fuels, alternative energy and environmental developments.Latest news and headlines around the world related to the state of the global economy.Find the latest economic news, current events and headlines, as well as blogs and video from CNBC.com.