On a positive note, the country's economy is among the most resilient in the world. This year the S&P 500 has gone from record highs to record drops and the Dow Jones, the country's other key index, has had its worst quarter in history.Key U.S. industries including aviation, hospitality and retail are in big trouble.
Shigeo Katsu, the World Bank's vice president for Europe and Central Asia (file photo) (epa) Food prices have risen the most -- 20 percent -- in the category of "middle-income" CIS countries, which include Belarus, Kazakhstan, Russia, and Ukraine. This year to date the CAC 40, France's benchmark stock market index, has dived by 31% as economic activity in the country slowed dramatically.
The nation is under one of the strictest lockdowns in the world. But he said there is no room for complacency in the tightening international financial environment. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article “There are strong inflationary pressures that have come both through energy price increases but also food price increases," Katsu said. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article The recent interest rate cut and $2 trillion stimulus package, the biggest in history, coupled with the economy's fierce resilience, should see it through the worst, although many analysts are no longer predicting a fast "V-shaped" recovery.At the time of writing India has recorded far fewer cases than many other countries, but the country's government is taking no chances, having imposed one of the most stringent lockdowns on the planet. The FTSE 100 stock market is down 29% compared with the start of January, the pound has fallen sharply against the dollar and euro, big businesses such as airline Flybe and department store chain Debenhams have gone bust or are on the brink of collapse and the jobless figure is rising.
"To protect these vulnerable citizens, the World Bank is urging governments to restructure their public expenditures and spend on social assistance. This is a kind of ECA-specific phenomenon. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article © Creative Touch Imaging Ltd/NurPhoto/PA The Japanese government, which has described the economic situation as severe, recently unveiled an unprecedented $989 billion stimulus, equivalent to 20% of GDP, to get the Land of the Rising Sun rising again.Australia appears to be escaping the worst ravages of the outbreak.
But all countries in the region have seen food costs increase. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article Unlimited access to 5,000+ magazines and newspapers; flat 50% off
JP Morgan has named South Africa as one of the five countries likely to be hardest hit and many experts agree. If only the same could be said for the Canadian economy, which is being pummeled by the partial lockdown and precipitous drop in global oil prices – Canada is a major producer of the commodity after all.Canada's primary stock market indicator has slipped 24% since January, while GDP could shrink by 18% and the jobless rate may surpass double figures during Q2 of this year, the Royal Bank of Canada has cautioned. Throughout history, the poor have been hardest-hit by pandemics. The nation is under one of the strictest lockdowns in the world.Manufacturing is in limbo, exports have plummeted, consumer spending is at rock bottom, tourism has all but stopped and foreign capital inflows are drying up. To find the 10 countries hardest hit by the downturn, we used data from the International Monetary Fund to create a misery index: gross domestic product, inflation rate … Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article
A lockdown is in place but plans are in preperation to lift restrictions in several phases, which should help work wonders on the German economy, which is in a major coronavirus-related slump.Everything from exports to tourism is kaput and Germany's benchmark stock market index has dropped by 29% since the beginning of the year. Here are the top 10 countries that were most affected between 2008 and 2009 During the second quarter of this year it is projected to drop by a painful 35.5% and some predict the downturn could be the worst since the Great Depression.