2020 will be a landmark year for countries whose large part of their GDP composition is based on the product of tourism and the environment respectively, concepts that are causally linked. The Covid-19 pandemic caused a profound decline in the GDP of these countries due to the loss of revenue from their tourism product. It …
Category: Economics
The Projection of Chinese Economy for 2020
The presence of the pandemic on Chinese soil with the simultaneous expansion of the US-China trade war, which has now turned into a technological, investment and financial war respectively, has been an explosive cocktail that has begun to leave its mark on the Chinese economy. The sharp decline in foreign direct investment in China and …
How The New Distribution Of Income And Wealth Takes Place After The Pandimia Is Dismissed
The economic crisis caused by the measures to tackle the pandemic in the developed and developing economies of the world have their consequences and implications for the whole microeconomic and macroeconomic life of the societies of the planet. The imposed measures of lockdown and social distance have caused major structural changes in the labor market …
The State Liquidity Provisions And Their Mulfunctions In The Markets
The decisions of the governments of the developed countries of the world to strengthen with state capital all the companies of their countries in a horizontal way, which companies asked for protection against the economic crisis caused by the measures against the pandemic Covid-19, were correct. The problem is the duration of these government liquidity …
The Microeconomic Changes Due to The Pandemic And the Adaptation of the Macroeconomic Environment to them
The spread of the Coronavirus pandemic and the ways to deal with it (lockdown, social exclusion & isolation) are causing tectonic changes in the size of GDP shrinkage and in total economic activity. In recent years, the exogenous factors that determine the levels of demand for services and products in many sectors of the economy …
The “Therapeutic” Policies for the Economies of the Planet affected by the Covid-19 Pandemic
The global economic crisis caused by the Covid-19 pandemic is not simple to deal with, nor is it easy, because for the first time in peacetime both demand and supply are being affected at the same time in the affected economies». All economists worldwide are revising their estimates of the magnitude of the economic downturn …
Governments and Central Banks React while the World Economy Enters in Recession Coma
The EU last week announced that the enforced rules on budgetary discipline are being suspended in order the member-countries of Eurozone to deal drastically with the upcoming recession due to the Covid-19 (Coronavirus) pandemic. The US Senate House on March 25 approved the $2trillion fiscal package proposal of US President Donald Trump to supprot the …
The Threat of SARS-ConV-2 and some immediate Economic Consequences from it
On the morning of Friday, February 28, 2020, there were 2848 deaths and 83386 cases of SARS-CoV-2 (coronavirus) in 44 countries around the globe (Source: WHO, www.who.int ) due to the disease it causes called COVID-19. These numbers are increasing at an impressive speed, while the vaccine that will protect the earth’s population from the …
By what Policies will Germany overcome the impending Recession
The recent announcement to shrink 0.1% of the German economy in the second quarter of the year (Source: Eurostat, https://appsso.eurostat.ec.europa.eu/nui/show.do?dataset=naidq_10_gdp&lang=en 28/08/2019) and for the second consecutive quarter has raised concerns with German economic policy planners about what is ahead as much in the immediate as in long-term future, in tackling the recession that strikes the …