GDP of EU countries in the second quarter of 2020, collapsed at the first evaluation, a record of 14.4% yoy, which after a decline in the preceding quarter means economic recession. These are data from Eurostat. Compared to January-March this year, the EU economy declined in the reporting period by …
Read More »The European economy showed a record decline and went into recession
GDP of EU countries in the second quarter of 2020, collapsed at the first evaluation, a record of 14.4% yoy, which after a decline in the preceding quarter means economic recession. These are data from Eurostat. Compared to January-March this year, the EU economy declined in the reporting period by …
Read More »Putin said that the authorities managed to keep Russia from slipping into a recession
Russian President Vladimir Putin believes that Russia managed to save from the recession thanks to the skillful actions of the authorities. He stated this at the closing ceremony of the business forum of the BRICS. “In Russia many years we have adopted a balanced macroeconomic policy, a responsible attitude to …
Read More »The Russian currency was vulnerable to external shocks and global recession
Courses of the dollar and the Euro gained more than two rubles since the beginning of August, breaking the mark of 66 and 73, respectively, and this, according to experts, is not the limit. Our currency steadily strengthened since the beginning of the year, but in the traditionally difficult month …
Read More »TIB Fund analyst: cryptocurrency prospects in the upcoming recession.
Appeared after the financial crisis of 2008, bitcoin was conceived by Satoshi Nakamoto and his company as a means to change the global financial system to reduce dependence on national banks. Ten years have passed and we seem to be on the verge of an economic storm again. Economists and …
Read More »The recession is getting closer
Another sign of impending recession in Russia in June business activity in the country dropped sharply to the lowest level since January of 2016, according to the survey PMI Markit IHS. Moreover, the first time the index dropped below the 50 points that separates growth in activity from contraction. The …
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