GCC nations to face the worst economic crisis in history, warns IIF
GDP of GCC nations to contract 4.4% this year...
Category : Economy
UK does not seek trade talk extension despite EU offer
Recently, the EU said it is open to delaying the end of the post-Brexit transition phase by up to two years...
Saudi Arabia grants 348 licences in Q12020 to foreign investors
This is a 19% increase when compared to the same quarter in 2019...
Hong Kong’s unemployment rate highest in over a decade at 5.2%
The underemployment rate hit 3.1%, the highest in more than 15 years...
UK to witness a £300bn budget deficit in the current financial year
Government borrowing is equivalent to more than 15% of economic output...
Philippines’ economy shrinks for the first time in two decades
Its GDP declined by 0.2% in the first quarter of 2020...
IHS Markit: UK economy set for a 7% quarterly contraction
The information provider company expects the actual decline in GDP to be even greater...
Half of global workforce could lose their jobs, says ILO
Wages of informal workers plunged 60% since the start of the pandemic...
UK’s economy to lose £800 bn in the next 10 years due to the pandemic
NIESR expects the economy to bounce back next year...
UN releases framework to lift economies, save jobs
The UN calls for an scale-up of international support and political commitment to ensure access to essential services and social protection...