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Tag: Recession

German Finance Minister Olaf Scholz speaks during a press conference to present the tax estimate in Berlin, Germany, on May 14, 2020. (Photo by Michael Sohn / POOL / AFP)

Virus pushes Germany into recession

German Finance Minister Olaf Scholz speaks during a press conference to present the tax estimate in Berlin, Germany, on May ...

German economy minister Peter Altmaier: ‘We are facing major challenges’. PHOTO: Tobias Schwarz/AFP / Getty Images

Germany faces ‘worst recession’ in post-war history

German economy minister Peter Altmaier: ‘We are facing major challenges’. PHOTO: Tobias Schwarz/AFP / Getty Images German output will suffer ...

People read newspaper to know more about the extended lockdown as part of measures to prevent the spread of COVID-19 coronavirus at a newsstand in Lagos, on April 12, 2020. – Christians observed the traditional Easter services indoors as most churches were closed to worshippers, while some conducted their services online in compliance with the sit-at-home order imposed by the government to contain the spread of COVID-19 coronavirus in Lagos. (Photo by PIUS UTOMI EKPEI / AFP)

Pandemic set to plunge sub-African Africa into recession : IMF

People read newspaper to know more about the extended lockdown as part of measures to prevent the spread of COVID-19 ...

(FILES) In this file photo taken on November 7, 2019 French Economy and Finance Minister Bruno Le Maire leaves the Elysee palace in Paris after the weekly cabinet meeting. – France could see its deepest recession this year since the end of World War II, due to the coronavirus crisis, Finance Minister Bruno Le Maire warned on April 6, 2020. “The worst growth figure in France since 1945 was -2.2 percent in 2009, after the financial crisis of 2008. We will probably be very far beyond -2.2 percent” this year, Le Maire told a Senate panel. (Photo by Alain JOCARD / AFP)

France heading for worst recession since WWII: minister

(FILES) In this file photo taken on November 7, 2019 French Economy and Finance Minister Bruno Le Maire leaves the ...

(FILES) In this file photo taken on February 10, 2020 International Monetary Fund Managing Director Kristalina Georgieva listens during an event at the World Bank in Washington, DC. The world economy is facing “severe” economic damage from the coronavirus pandemic that could be even more costly than in 2009 and will require an unprecedented response, IMF chief Kristalina Georgieva said March 23, 2020. Brendan Smialowski / AFP

IMF chief: ‘Clear we have entered recession’

(FILES) In this file photo taken on February 10, 2020 International Monetary Fund Managing Director Kristalina Georgieva listens during an ...

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