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IMF downgrades forecast for global contraction to 4.9% in pandemic

Business / Economy Jun 25, 2020

IMF downgrades forecast for global contraction to 4.9% in pandemic

The projections worsened to 5.8 percent for Japan, 8 percent for the United States and double digits for the euro area.

China envoy warns of dire consequences if U.S. hard-liners hold sway in bid to separate economies

Business / Economy Nov 28, 2018

China envoy warns of dire consequences if U.S. hard-liners hold sway in bid to separate economies

China is going to this week's G-20 summit hoping for a deal to ease a damaging trade war with the United States, Beijing's ambassador to Washington said on Tuesday while warning of dire consequences if U.S. hardliners try to separate the world's two largest ...

BOJ issues rare apology over board member's remark about Hitler's economic policies

Business Jul 1, 2017

BOJ issues rare apology over board member's remark about Hitler's economic policies

The Bank of Japan has issued a rare apology over a board member's praise for Adolf Hitler's economic policies. Yutaka Harada, a member of the central bank's Policy Board, told a seminar on Thursday that Hitler's economic policies had been "appropriate" and "wonderful" but had ...

Commentary / World Jan 9, 2014

Europe's prospects looked better in the 1930s

by Nicholas Crafts

Unless policies change, economic stagnation in the eurozone is likely to persist, posing in some ways a bigger challenge to recovery than the Great Depression did in the 1930s.

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