Tag Archives: Economy

“Right now, it’s having a kind of euphoric effect with these enormous promises that it’s going to solve our problems and bring us our economy back,” Wolff says, adding: “Here’s the irony, this constant message of bringing it back. Back to what? To what it was before Mr. Trump became …

Sunak said the documents would potentially allow people to visit venues or events, thus, helping the economy to get back on track after a series of lockdowns imposed to contain the pandemic dragged it into its steepest crash in 300 years. “Obviously, it is a complicated but potentially very relevant …

India’s real gross domestic product (GDP) rose 0.4 percent in the third quarter of its fiscal year, returning the economy to “the pre-pandemic times of positive growth rates,” the Ministry of Finance said as the new data emerged. However, the growth rate was slightly smaller than analysts had expected, with …

The company will ramp up production of four models, including Sophia, and its new ‘Grace’ robot which will be sold for use in the healthcare sector. “The world of Covid-19 is going to need more and more automation to keep people safe,” founder and chief executive David Hanson claimed.  Hanson …

In a dramatic turnaround since the deadly virus rattled the world’s second-largest economy at the start of 2020, China’s gross domestic product (GDP) jumped 6.5 percent in the final quarter compared to a year earlier, according to official data released by the National Bureau of Statistics on Monday. The result …

China is the only major economy to have avoided contraction in 2020. It is now on course to pass the US as the biggest economy in 2028, said Homi Kharas, deputy director for the global economy and development program at the Brookings Institution. That is two years faster than he …

A recent study by a Britishthink tank, the Centre for Economics and Business Research (CEBR), states that China will surpass the US to become the world’s largest economy by 2028.  The report, not the only one of its kind making this forecast, had revised its projection forwards by five years, attributing …

According to Nomura’s chief India economist Sonal Varma, near-term risks of a resurgent pandemic are unlikely to derail the country’s growth in 2021. It is therefore projected to eclipse China (2021 GDP growth pegged at nine percent) and Singapore (at 7.5 percent) during that period. The positive outlook by Nomura comes after nearly …

Trump bragged that the 33.1 percent GDP growth recorded for the quarter was the “BEST IN USA HISTORY” on Twitter on Friday, firing up his supporters by promising to do even better next time. “IF I AM ELECTED [sic], NEXT YEAR WILL BE OUR BEST EVER!” he tweeted exuberantly. While …

While most studies assess the costs of the deadly virus by its impact on the national gross domestic product (GDP), a paper published in the Journal of the American Medical Association earlier this week offered a different approach. The authors of the study – former Treasury Secretary Lawrence Summers and …