Tag: pandemic

• Tuesday, February 2nd 2021 - 09:15 UTC

  Coronavirus upshot: German beer sales down

  

  Beer sales within Germany were down 5.5% in 2020 compared with the year before amid coronavirus pandemic restrictions the Federal Statistical Office has said. In total, German-based breweries and distributors sold 8.7 billion liters (2.3 billion gallons), according to official figures.

• Saturday, January 30th 2021 - 09:34 UTC

  One for Bolsonaro: Brazil almost broke; primary deficit reaches 10% of GDP

  

  Only a week ago, President Jair Bolsonaro said Brazil was “broke” and the latest Treasury numbers have come close to backing the statement. Last year the country reported a record primary budget deficit of 743.1 billion reais (US$138 billion), a record 10% of GDP.

• Saturday, January 30th 2021 - 09:23 UTC

  US economy hazy despite S&P surge, ten million workers jobless and record high unemployment applications

  

  The United States grew at a 4% annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years. The coronavirus inflicted the worst economic freeze since the end of World War II, the economy contracted 3.5% and clouded the outlook for this year.

• Friday, January 29th 2021 - 08:55 UTC

  Argentina expected to grow 5,4% in 2021, far from mitigating pandemic's impact

  

  The International Monetary Fund, IMF, lowered Argentina's growth estimate for this year to 4,5% from its previous 4.9% forecast, according to the World Economic Outlook, WEO, delivered this week and which includes some forty countries, among which Argentina since it is a member of G20.

• Thursday, January 28th 2021 - 09:59 UTC

  Uruguay will partially reopen its borders as of February

  

  Uruguayan president Luis Lacalle Pou announced on Wednesday the partial lifting of the borders' total closure which had been established last December 20, but all other measures that had been announced on that date remain in full compliance.

• Wednesday, January 27th 2021 - 08:35 UTC

  IMF, despite pandemic challenges, forecasts a strong economic rebound this year

  

  The global economy is set to lose over US$ 22 trillion between 2020 and 2025, due to the impacts of the coronavirus pandemic the International Monetary Fund (IMF) said on Tuesday. The economy will likely see a strong rebound this year, but the pandemic is causing severe damage said IMF chief economist Gita Gopinath.

• Tuesday, January 26th 2021 - 09:30 UTC

  Petrobras oil output hits record in 2020, 2,3 million bpd

  

  By Irina Slav for Oilprice.com – Crude oil output from fields operated by Brazil's energy major Petrobras hit a record last year despite the pandemic, at an average 2.3 million BPD, Bloomberg reported, comparing the production rate to that of Kuwait.

• Tuesday, January 26th 2021 - 09:27 UTC

  ILO: Pandemic in 2020 has caused massive loss of working hours, equivalent to 255 million full time jobs

  

  Tentative signs of recovery are emerging in global labor markets, following unprecedented disruption in 2020 due to the Covid-19 pandemic, according to the latest report from the International Labour Organization, ILO.

• Tuesday, January 26th 2021 - 09:14 UTC

  “Buy American”, one of the lessons learnt from the pandemic, Biden underlines

  

  United States President Joe Biden on Monday signed a “Buy American” executive order to ensure that the federal government invests taxpayers' money on U.S.-made goods in an effort to revitalize the country's manufacturing industry and resilient supply chains.

• Tuesday, January 26th 2021 - 08:27 UTC

  Merkel and Biden agree to closer cooperation in pandemic, defense and trade

  

  REUTERS – German Chancellor Angela Merkel spoke on Monday to US president Joe Biden to congratulate him and agreed on closer cooperation in tackling world challenges, particularly the pandemic, defense, and trade.