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Tag Archives: economic

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Putin suggests way out of global economic crisis

The West’s selfish attempts to blame the entire world for its own mistakes have led to the global economic crisis, Russian President Vladimir Putin said on Thursday, appearing via video link at the 14th BRICS Summit. “Only on the basis of honest and mutually beneficial cooperation is it possible to …

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Moscow identifies cause of global economic woes

Russian President Vladimir Putin has accused Western nations of damaging their own economies through money printing while wrongly blaming their problems on the Ukraine conflict. “The latest price hikes, inflation, problems with food and fuel, gasoline, problems in the energy sector are the result of systemic mistakes in the economic …

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Putin speaks at St. Petersburg International Economic Forum

Russian President Vladimir Putin is taking part in a plenary session on the second day of the St. Petersburg International Economic Forum (SPIEF). President of Kazakhstan Kassym-Jomart Tokayev and President of Egypt Abdel Fatah el-Sisi are also attending the session. President of the People’s Republic of China Xi Jinping is …

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World Bank issues grim economic forecast

The World Bank (WB) has cut its global growth projection for this year from 4.1% to 2.9%, warning that many countries are likely to face recession. “Amid the war in Ukraine, surging inflation, and rising interest rates, global economic growth is expected to slump in 2022,” the Tuesday press release …

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US facing economic ‘hurricane’ – JPMorgan

The boss of Wall Street giant JPMorgan Chase, Jamie Dimon, has warned investors that the US is facing an economic “hurricane” as the latest challenges posed by the Fed’s tightening monetary policy and the Ukraine-related crisis are unprecedented. “That hurricane is right out there down the road coming our way,” …

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Swimming pools risk closure amid economic crisis – media

The UK fitness industry could be destroyed by the end of the year amid rising inflation and the cost-of-living crisis, the Financial Times reported this week. According to the publication, the rapid rise in electricity prices has been pushing fitness-club owners to save money by reducing opening hours, lowering temperatures …

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US economic growth to outrun China for 1st time in decades – media

US economic growth is set to outpace China this year for the first time since 1976, Bloomberg reported on Friday, citing economists. According to the publication, the lingering effects of the Covid-19 pandemic and recurring outbreaks throughout the country mean that its economic growth will stall, despite Beijing’s fiscal, monetary …

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