Iran Economy Out of Recession: CBI Chief
Iran’s economy has emerged from nearly three years of recession caused by US sanctions and exacerbated by the spread of the coronavirus pandemic, the country’s top banker said.
Japan Economy Hit by Sweeping Pandemic
Japan was hit by its biggest economic contraction on record in the second quarter as the coronavirus pandemic crushed consumption and exports.
Coronavirus Recession in Singapore Deeper than Estimated
Singapore's virus-hammered economy shrank almost 43 percent in the second quarter, in a sign that the country's first recession in more than a decade was deeper than initially estimated.
Eurozone Suffering Greatest Contraction
The eurozone suffered its greatest contraction on record, exceeding the US economy’s record plunge.
Deeper Recession to Hit EU from Pandemic
The eurozone economy will drop deeper into recession this year and rebound less steeply in 2021 than previously thought, the European Commission forecast on Tuesday.
Germany Warns against Quick Tourism Restarting
Germany Foreign Minister Heiko Maas warned against reopening tourism destinations too quickly, saying Europe should agree on a common path back to the freedom of travel.
Economy getting out of recession: CBI head
Governor of the Central Bank of Iran Abdolnaser Hemmati announced that Iran’s economy is getting out of recession.
Iran to Exit From Recession Soon
TEHRAN - Minister of Economic Affairs and Finance, Farhad Dejpasand said that his country would get out of recession in the near future.