[Intime News] The Greek economy is projected to grow by 5.9% this year, faster than the 3.6% growth previously forecast, Prime Minister Kyriakos Mitsotakis said on Saturday during his annual economic address. Greece emerged from a decade-long financial crisis in 2018 but saw its economy slump again by 8.2% last […]
economic
US, Mexico Restart High-Level Economic Talks After 4 Years | Business News
By AAMER MADHANI, Associated Press WASHINGTON (AP) — The United States and Mexico restarted high-level economic talks Thursday after a four-year pause as top advisers to presidents Joe Biden and Andrés Manuel López Obrador expressed eagerness to make headway on issues important to both nations such as infrastructure, trade and […]
‘Our children are hungry’: economic crisis pushes Afghans to desperation | Global development
Yasemeen sits in the back of an open trailer with a bundle of her family’s old clothes wrapped in scarves and some used notebooks already full of a child’s handwriting. The vehicle pulls over in a busy roundabout in central Mazar-e-Sharif, a city that until the Taliban takeover last month […]
Afghanistan confronts economic meltdown after Taliban takeover
Prices of everyday essentials such as flour, cooking oil and fuel have surged. Salaries have stopped being paid. Residents in pursuit of cash queue outside banks and at automated teller machines. Since the Taliban took power earlier this month, Afghans have struggled through an economic meltdown, which analysts and aid […]
Economic Impact Of Missing Workers Could Be Significant : NPR
Jen Lindsey (left) and Anne Boninsegna and are co-owners of The Kitchen in Columbus, Ohio. They have had to say no to wedding parties and bridal showers because they can’t find bartenders. Emma Parker hide caption toggle caption Emma Parker Jen Lindsey (left) and Anne Boninsegna and are co-owners of […]
Lebanon: Electricity and transport become ‘luxury’ items overnight accelerating economic tailspin
Beirut, Lebanon CNN — On Wednesday night, Lebanon’s Central Bank issued an announcement that seemed to finally sound the death knell on the country’s floundering economy. Fuel subsidies, long seen as a lifeboat for the country’s growing legions of impoverished people, were halted. While new fuel prices have not […]
‘An economic calamity’: Africa faces years of post-Covid instability | Africa
Analysts and experts are warning of many years of instability across Africa, possibly leading to wars and political upheavals, as the economic impact of the Covid-19 pandemic deepens across the continent. Though many of the likely consequences are yet to become evident, recent unrest in southern Africa, increased extremist violence […]
Report: Nashville has the most economic growth in the U.S.
NASHVILLE, Tenn. (WKRN) — For the first time, Nashville is welcoming the Grand Prix, which is one of several events this summer growing Nashville’s economy. “An international event like the Grand Prix here in Nashville, it projects globally, it attracts people globally and that hospitality community is really important,” Nashville Area […]
Inflation Is A Big Political Test For President Biden’s Economic Agenda : NPR
As the U.S. economy continues to recover from the pandemic, prices have also been creeping up on everything from groceries to used cars. Inflation poses a political test for the Biden administration and the Democratic Party. Justin Sullivan/Getty Images hide caption toggle caption Justin Sullivan/Getty Images As the U.S. economy […]
US economic growth decelerates, made worse by decoupling from China
Illustration: Chen Xia/GT The US government reported that its economy grew 6.5 percent on an annualized basis from April to June in 2021 – about two percentage points lower than what was forecast by most economists. Obviously, the much-vaunted strong recovery from the deep recession in 2020, […]
Stock market faces elusive pullback as coronavirus, economic headwinds swirl
FOX Business contributor and chief economics correspondent for The Wall Street Journal Jon Hilsenrath argues bond markets don’t show warning signs of inflation. A growing chorus of Wall Street strategists is warning the U.S. stock market is ripe for a pullback as the COVID-19 delta variant spreads across the globe […]
Fed to Discuss a Pullback in Economic Aid With Inflation Up | Business News
By CHRISTOPHER RUGABER, AP Economics Writer WASHINGTON (AP) — With inflation uncomfortably high and the COVID-19 Delta variant raising economic concerns, a divided Federal Reserve will meet this week to discuss when and how it should dial back its ultra-low-interest rate policies. For now, the U.S. economy is growing briskly […]
Cuba protests: The economic woes driving discontent | Business and Economy News
Cubans have taken to the streets in cities across the country over the last week, in a wave of rare public protests to express their frustration with rising prices, falling wages, the United States embargo and the failings of the island’s long-standing communist government to address its economic challenges. Cuba’s […]
The soaring market that threatens to derail the economic recovery
Officials at the Fed and in President Joe Biden’s administration say they expect the supply-chain bottlenecks that have stoked inflation to begin to ease later this year as the economy fully reopens. But housing-driven inflation could also start to rise as higher rents slowly cycle into the official tracking of […]