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Economic sanctions among major challenges faced by Syria: UN envoy
Syria’s Permanent Representative to the United Nations Bashar Jaafari denounced economic sanctions imposed by the US on his war-ravaged country as one of the daunting challenges the Damascus government faces on the path of reconstructing the country and bringing the Syrians’ life back to normal.
Service exports contribute more to South Korea's 2019 economic growth than goods
South Korea's exports of services contributed more to its economic growth in 2019 than overseas shipments of goods, a report showed on Wednesday.
Australia recession adds to global economic virus woes
Australia has fallen into recession for the first time in three decades and Brazil's economy shrank by almost 10 percent because of the coronavirus, leaving China as the only major nation still recording economic growth during the pandemic.
Mounting risks dent Thailand’s hopes of smooth economic recovery
The sudden resignation of Thailand’s finance minister for health reasons, less than a month into his term, creates more uncertainty for an economy already bracing for the deepest blow in Asia from the coronavirus pandemic.
Rouhani: Gov’t will not allow economic problems to hinder country’s development
Iranian President Hassan Rouhani said on Tuesday that the government will not allow the economic problems caused by the sanctions and coronavirus outbreak to affect the country’s economic development.
AfCFTA helps Africa better confront economic development challenges: Official
The African Continental Free Trade Area (AfCFTA) agreement enables the continent to better meet its trade and economic development challenges, secretary-general of the AfCFTA Secretariat said.
US hiring slows amid signs of longer-lasting economic damage
US hiring slowed in July as the coronavirus outbreak worsened, and the government’s jobs report offered signs that the economic damage from the pandemic could last far longer than many observers originally envisioned.
Australia braces for economic hit as Melbourne put under curfew
Australia’s Treasurer Josh Frydenberg said the economy faces another significant hit after Victoria extended a lockdown across the whole state and placed its capital Melbourne under a nighttime curfew.
US economic recovery is stalling and it may get even worse
The official numbers have begun to confirm what many Americans feel in their bones: The economy is buckling once again.
Germany’s export engine sputters with global economic slump
Germany’s export-reliant economy is showing the wounds of weak global demand.
Argentina's economic crisis poised to go from bad to worse
Argentina was facing a third year of recession in 2020 even before the coronavirus hit. Now with the pandemic's economic shock, some analysts foresee a record contraction in the crisis-prone country.
Merkel fears economic crisis is underestimated in EU
German Chancellor Angela Merkel has expressed fears that the people do not appreciate what this means for the doldrums in the “deepest recession since World War II”, as EU leaders clashed on a resumption of funds to the countries most affected by the coronavirus pandemic.
Fed officials signal rising caution on US economic recovery amid virus spread
Two Federal Reserve officials sounded increasing pessimism on the swiftness of any economic recovery from the COVID-19 pandemic and warned the unemployment rate could rise again if the disease is not brought under control.
India: Economic influence of COVID-19 pandemic to vary in sectors
India needs to track its consumption expenditure along with employment data for policy intervention.
Malaysia set to reopen nearly all economic activities
Malaysia said it would reopen nearly all economic activity and allow interstate travel starting June 10, lifting coronavirus restrictions imposed nearly three months ago as it moves to revive an economy battered by the pandemic.

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