Economic Crisis

As Lebanese got poorer, politicians stowed wealth abroad

Lebanon is in the midst of what the World Bank says is one of the world’s worst economic meltdowns in the past 150 years.

published on : 6th October 2021

Lebanon resumes contacts with IMF over bailout program

Deep disagreements festered within the Lebanese delegation during last year's negotiations with the IMF, with the government on one side and the central bank and local lenders on the other.

published on : 4th October 2021

Second wave may have more lasting damage on economy, exports to drive recovery: Moody's Analytics 

In its report titled 'APAC Economic Outlook: The Delta Roadblock', Moody's Analytics said social distancing is weighing on the current quarter, but economic recovery will resume by the year-end.

published on : 26th July 2021

No plan to print currency notes to tide over economic crisis: FM Nirmala Sitharaman

Many economists and experts have suggested the government to resort to printing more currency notes to support the economy ravaged by the spread of COVID-19.

published on : 26th July 2021

Despite global turbulence, Indian economy's fundamentals remain strong: Ravi Shankar Prasad

The Union Minister of Electronics and Information Technology stated that the government's policy interventions have made India an investor-friendly place.

published on : 16th September 2019

Venezuela devalues bolivar by 96 percent under new rate: Central bank

Expressed in the previous "strong bolivar" currency in effect until Monday, it amounts to a hike from 248,210 to 6,000,000 to the dollar.

published on : 22nd August 2018