recession news
Economy
Japanese Economy Contracts 4.8% in 2020
Japan’s pandemic-hit economy is gradually recovering by an annualized growth of 12.7 percent in October-December, despite its record slump of 4.8 percent in 2020,...
Business and Finance
UK Economy Fell 9.9 Percent in 2020
The economy of United Kingdom falls 9.9 percent in 2020 due to the coronavirus pandemic effect, official figures showed on Friday.
Finance Minister Rishi Sunak...
Business and Finance
First Time Jobless Claims Hit 793K
The weekly Department of Labor report shows 793,000 new unemployment claims as pandemic restrictions put pressure on the labor market.
Claim projections from the prior...
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