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 …
Category: Economics
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 …