Economy

World’s biggest economy dangerously close to recession — analysts

JPMorgan Chase has revised its midyear US growth outlook, sharply lowering expectations for second-quarter annualized real GDP growth to 1%…

2 years ago

Russia should rethink its export-driven economy – central bank

The Russian government should reconsider the way the nation’s export-dependent economy is functioning under the current circumstances, according to the…

2 years ago

France has entered ‘war economy’ – Macron

France will adjust its six-year military spending plan in the wake of the Russia-Ukraine conflict, President Emmanuel Macron announced on Monday.Macron said he…

2 years ago

Hungarian PM makes grim warning about European economy

Hungarian Prime Minister Viktor Orban has warned about the devastating effects of an EU embargo on gas from Russia, which…

2 years ago

White House assesses state of US economy

American consumers may feel gloomy about the US economy, considering the rampant inflation, but its state is actually better than…

2 years ago

EU not considering Russian gas embargo – economy chief

Discussions in the EU regarding further sanctions on Russia over the military operation in Ukraine so far do not include…

2 years ago

Strong ruble may pose risk to Russian economy – minister 

The ruble’s rapid gains may pose a risk to the country’s economy in the future, Economy Minister Maxim Reshetnikov told…

2 years ago

Russia not leaving global economy – Putin

President Vladimir Putin said on Thursday that Russia is not going to leave the global economic arena despite Western attempts…

2 years ago

Russian economy to remain open – Putin

The Russian economy will “certainly remain open, even in the new conditions,” President Vladimir Putin said on Tuesday, stating that…

2 years ago

Global economy in worst shape since WWII — IMF

The global economy is facing “its biggest test since the Second World War”, the managing director of the International Monetary…

2 years ago