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On 31 August 2020, the National Statistical Office (NSO) released the data, which revealed that the country's GDP contracted by 23.9 per cent in the first quarter of 2020–21 financial year. The economic contraction followed the severe lockdown to contain the COVID-19 pandemic, where an estimated 140 million jobs were lost.
The Federal Reserve is set to announce its first interest rate decision of 2025 and with a pause expected, it could prompt President Donald Trump to renew his criticism of the central bank.
In 2023, the Eurozone fell into recession from January to March [223] and also in March, the Eurozone core inflation hit a record 5.7%, the highest level since records began in 2001. [224] On 14 September, the ECB raised the interest rate for the tenth consecutive time to 4%, the highest since the euro was launched in 1999. [225] [226]
The first list includes estimates compiled by the International Monetary Fund's World Economic Outlook, the second list shows the World Bank's data, and the third list includes data compiled by the United Nations Statistics Division. The IMF's definitive data for the past year and estimates for the current year are published twice a year in ...
Tax cuts and deficit spending boost demand. As president, Trump signed into law tax cuts for corporations and individuals that that the Congressional Budget Office estimated would cost $1.9 ...
Yahoo Finance's Rick Newman joins Zack Guzman to discuss President Trump's second-term economic policy agenda amid current COVID-19 recovery efforts.
The Asian Development Outlook fared better at estimating both current-year gross domestic product (GDP) growth and consumer price index (CPI) inflation of Asian economies. The World Economic Outlook was more accurate at predicting year-ahead GDP forecasts. Both publications lacked accuracy during the years when the region was facing economic ...
Economic Outlook is a twice-yearly analysis (available for online viewing, download, and in print) published by the Organisation for Economic Co-operation and Development (OECD) with economic analysis and forecasts for future economic performance of OECD countries. [1] [2] The main version is in English, and it is also published in French and ...