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German Government Advisers Warn of Worst Recession Since 2009

German Government Advisers Warn of Worst Recession Since 2009

The German government’s economic advisers predict that the coronavirus pandemic will give the nation its worst recession since the global financial crisis. Even if most business and movement restrictions are lifted in mid-May, allowing the economy to recover through the summer, the output is expected to shrink by 2.8% this year, according to a report […]

Oil price collapses to lowest level for 18 years

Oil price collapses to lowest level for 18 years

The price of oil has sunk to levels not seen since 2002 as demand for crude collapses amid the coronavirus pandemic. Brent crude fell to $22.58 a barrel at one point on Monday, its lowest level since November 2002. Meanwhile, the price of US West Texas Intermediate (WTI) fell below $20 a barrel and close […]

Zimbabwe Begins 21-Day COVID-19 Lockdown

Zimbabwe Begins 21-Day COVID-19 Lockdown

Zimbabwe begins its 21-Day lockdown this Monday following a decree by President Emerson Mnangagwa to restrict citizen movement in attempts to prevent the further spread of coronavirus in the country. Since its outbreak under two weeks, the country has recorded seven confirmed cases and one death. Mnangagwa’s declaration has, however, been received with mixed feelings […]

JPMorgan Says the Market Rout Is Probably Past Its Worst Now

JPMorgan Says the Market Rout Is Probably Past Its Worst Now

Strategists at JPMorgan Chase & Co. have concluded that most risk assets — a universe that typically includes stocks and credit — have seen their low points for the recession that’s gripped economies around the world. Conditions that JPMorgan had set for market stabilization and revival have largely been met, with recession-like pricing, a reversal […]

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