Tag: recession

• Wednesday, September 2nd 2020 - 09:45 UTC

  Brazilian economy is back to 2009 size, following a 11,4% contraction in the second quarter

  

  Brazil’s economy shrank in the second quarter by the most on record as anti-coronavirus lockdown measures slammed activity in almost every sector, dragging Latin America’s largest economy back to the size it was in 2009.

• Tuesday, August 18th 2020 - 08:52 UTC

  Peruvian economy contracts 18,06% in June year to year

  

  Peru’s economy contracted 18.06% in June versus the same period a year earlier, the government of president Martin Vizcarra said on Sunday, the fourth straight month of contraction due to the impact of the novel coronavirus pandemic.

• Wednesday, August 5th 2020 - 08:07 UTC

  For the fifth week running Brazil central bank survey reveals increased optimism on the economy

  

  The gloom surrounding Brazil’s economy lifted for a fifth week in a row, a central bank survey of economists showed on Monday, with the average forecast for 2020 gross domestic product now showing a decline of 5.7%.

• Saturday, August 1st 2020 - 06:05 UTC

  Mexican economy needs two years to reach pre-pandemic levels

  

  A full recovery of the Mexican economy to pre-pandemic levels could be reached in one to two years so long as no new coronavirus outbreaks strike, a senior official said

• Friday, July 31st 2020 - 09:53 UTC

  US economy suffers it biggest blow since the Depression in the second quarter

  

  The U.S. economy suffered its biggest blow since the Great Depression in the second quarter as the COVID-19 pandemic shattered consumer and business spending, and a nascent recovery is under threat from a resurgence in new cases of coronavirus.

• Friday, July 24th 2020 - 09:10 UTC

  Argentine economy slides 13,2% in five months, despite a slight moderation in May

  

  Argentina's economic activity experienced an annual 20,6% fall in May moderating the collapse in April, following the quarantine measures implemented because of the pandemic. The data was released this week by Indec, the official stats office, and shows that economic activity in May actually recovered 10% compared to April.

• Saturday, July 4th 2020 - 08:25 UTC

  Argentine economy expected to contract 12% this year, according to central bank poll

  

  Argentina's economy is expected to contract by 12% in 2020, a monthly central bank poll of analysts showed on Friday, worse than the previous estimate of a 9.4% decline, as output is ravaged by measures to tame the coronavirus outbreak.

• Thursday, July 2nd 2020 - 11:50 UTC

  Inequality and coronavirus pushing much of Chile's middle class back to poverty

  

  Middle classes in Chile are going through a complicated moment, with many slipping into poverty as long-established inequality was increased by the coronavirus pandemic and overall slowdown of the economy.

• Thursday, July 2nd 2020 - 11:31 UTC

  “Monumental” plunge of economic activity in Chile during May, 15,3%

  

  Chile's economic activity fell by 15.3% in May from the same month a year ago, the central bank said on Wednesday, hitting yet another historic low as measures to contain the spread of the coronavirus left many out of work and businesses shuttered.

• Wednesday, July 1st 2020 - 08:27 UTC

  UK economy shrinks the most since 1979, as households slashed spending

  

  Britain’s economy shrank by the most since 1979 in early 2020 as households slashed their spending, according to official data that included the first few days of the coronavirus lockdown.