Rappler's latest stories on economics
The International Monetary Fund sees the Middle East and North Africa regional economy shrinking by 5.7% in 2020
A Lebanese source says an International Monetary Fund rescue would help Lebanon avoid the worst, but negotiations are stalling
France's statistics office INSEE issues a more optimistic forecast for the country's economy in 2020
The African Development Bank says Nigeria, the continent's most populous country, would see the greatest rise in poverty
The Philippine Economic Zone Authority worries that export companies may close shop in the country and just focus on operations somewhere else
The NAIA Consortium says it can only move forward with the project 'under revised conditions' due to the coronavirus pandemic
Mining and manufacturing are the biggest drags on South Africa's overall economic activity in the 1st quarter of 2020
The British government revises the gross domestic product contraction in the 1st quarter of 2020 to 2.2%, from the initial 2%
'We simply can't guarantee what will be possible by the end of next year... we need to provide certainty, as a host, about how we'll operate and that's what we've done,' New Zealand Prime Minister Jacinda Ardern says
The International Monetary Fund sees the economy of sub-Saharan Africa contracting by 3.2% in 2020
Argentina's gross domestic product falls by over 26% in April 2020, with construction the worst-hit industry
Vietnam's gross domestic product rises by 0.36% in the 2nd quarter of 2020, the lowest growth since 1991 but still better than expected
Bangko Sentral ng Pilipinas Governor Benjamin Diokno says the country's gross domestic product is seen to contract by 5.7% to 6.7% in the second quarter due to the adverse impact of the coronavirus pandemic
'All state enterprises are in bankruptcy,' Tunisian Prime Minister Elyes Fakhfakh tells parliament
The South African economy could suffer its worst contraction in 90 years due to the coronavirus pandemic
The International Monetary Fund predicts Saudi Arabia's economy will contract by 6.8% in 2020
(UPDATED) The International Monetary Fund acknowledges the high levels of uncertainty as the coronavirus pandemic ravages the global economy
(UPDATED) The International Monetary Fund estimates the coronavirus crisis will destroy $12 trillion over two years, leaving lasting scars on employment, businesses, and trade
The Swiss National Bank predicts Switzerland's economy would suffer its 'strongest decline since the oil crisis in the 1970s'
The Swedish government now expects the economy to shrink by 6% in 2020, instead of by around 7% as earlier projected
New Zealand's gross domestic product shrinks 1.6% in the 1st quarter of 2020, the biggest fall since early 1991
The Central Bank of Chile predicts the country's gross domestic product would shrink by 5.5% to 7.5% in 2020
Mining production falls sharply in Peru, one of the world's largest producers of copper, gold, and silver
Britain's gross domestic product nosedives by a record 20.4% in April 2020
The steepest declines come in China, France, and Italy, which were among the first countries to impose drastic lockdowns against the coronavirus
The Organisation for Economic Co-operation and Development says the global economy could shrink by as much as 7.6% if a second wave of contagion happens later in the year
(3rd UPDATE) The World Bank sees the global economy shrinking by 5.2% in 2020, with the coronavirus pandemic to drive up to 100 million people into extreme poverty
Japan's gross domestic product contraction in the 1st quarter of 2020 is revised from 0.9% to 0.6%
Economic managers say the government can only afford P130 billion for spending programs. Lawmaker Stella Quimbo says that is 'a pitiful response to the biggest economic catastrophe since the World War.'
Under House Bill No. 6920, the government can tap into the fund for 3 fiscal years upon enactment. If passed this year, the funds will be valid until the end of the Duterte administration in 2022.
The Swiss service sector is particularly affected by business closures and restrictions in the 1st quarter of 2020
Australia's gross domestic product shrinks 0.3% in January-March 2020. It is now on track to enter its first recession since 1991.
The bill is designed to complement the Balik Probinsya program to help address unemployment caused by the coronavirus crisis
BTS Group Holdings, which operates Bangkok's skytrain, leads a consortium of companies approved to develop the Eastern Airport City project
The drop in Canada's gross domestic product in the 1st quarter of 2020 is the sharpest since the 1st quarter of 2009
India, Asia's 3rd largest economy, expands by just 3.1% in January-March 2020
The 1st quarter drop in Brazil's gross domestic product only reflects the early effects of the coronavirus crisis, with 2nd quarter numbers expected to be much worse
The bill is designed to provide jobs to Filipinos affected by the lockdown imposed due to COVID-19
If passed into law, the proposed Philippine Economic Stimulus Act would finance the COVID-19 rapid tests of Filipino laborers in 2020 and 2021
After sluggish growth in the 1st quarter of 2020, Russia expects its 2nd quarter gross domestic product to plummet as coronavirus restrictions bite
The United Nations also expects Latin America's economy to shrink by an estimated 5.3% in 2020 – the worst fall since 1930
The devaluation of the Lebanese pound leads to major hikes in the price of food, much of which is imported
This is lower than the Russian economy ministry's forecast of 1.8%. But the 2nd quarter figure is expected to be much worse as the full impact of the coronavirus lockdown is felt.
(UPDATED) Company risk managers surveyed by the World Economic Forum fear an extended downturn and bankruptcies as a result of the coronavirus pandemic
Mazen Hamdane is accused of manipulating the Lebanese pound and 'breaching [its] stability through directly buying dollars from money changers'
Who will ride the tiger? Only the Left and the Right are serious contenders in this race to replace a dying neoliberalism.
Thailand suffers a 1.8% contraction in gross domestic product in the 1st quarter of 2020
Japan, the world's 3rd largest economy, contracts by 0.9% in the 1st quarter of 2020
The German economy shrinks by 2.2% in January-March 2020, the worst quarter-on-quarter decline since the global financial crisis in 2009