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Swiss spooked by using debt to prop up economy
Germany, which is known for strict budgets, has tapped debt markets to prop up its virus-hit economy, while neighboring Switzerland has consistently curbed borrowing despite calls to change course.
IFS urges Rishi Sunak not to raise taxes and to extend support for economy
Britain’s foremost economics think tank has urged Chancellor of the Exchequer Rishi Sunak to use next month’s budget to announce a targeted extension of government support to tackle a “triple challenge” to the economy from Brexit, COVID and global heating.
Japan economy shrinks for first time since 2009 but tops forecast
Japan's pandemic-hit economy shrank in 2020 for the first time in more than a decade, but the contraction was less than expected and it ended the year on a strong note thanks to a pick-up in exports and huge government support.
Iran posts 5.1% economic growth for second quarter of fiscal year
Iran’s economy showed a robust growth in the quarter to late September despite pressures of the US sanctions and the spread of the coronavirus pandemic, according to new data by the Central Bank of Iran (CBI).
Cuba opens up its economy to private businesses
Cuba has announced it will allow private businesses to operate in most industries, in what is a major reform to its state-controlled economy.
Jahangiri: Petrochemical industry, driving force of Iran’s economy
Iranian First Vice President Es’haq Jahangiri stressed the significance of the petrochemical industry for the Iranian economy, calling it one of the country’s major driving forces.
Negative interest rates would not help COVID economy, Bank of England told
Cutting the UK’s official interest rate below zero would fail to boost Britain’s COVID-stricken economy because lenders would increase mortgage costs in response, the Bank of England has been told.
Europe’s economy surprises at end of pandemic year: GDP update
Three of the euro area’s four largest economies rounded off the pandemic year suggesting the region can avoid a deeper recession, while still facing headwinds from extended coronavirus lockdowns.
Pandemic caused worst year for US economy since 1946
The United States saw its sharpest contraction in growth since 1946 as the coronavirus pandemic hammered the economy last year, but while the country may be set for a recovery, it hasn't arrived yet.
UK economy suffering most damage since first wave of COVID-19
Britain’s economy is suffering the most damage since the first wave of COVID-19 as persistently high infection rates and renewed lockdown measures delay the economic recovery from the pandemic, according to a Guardian analysis.
Rouhani assures Iran of bright economic future as sanctions fail
President Hassan Rouhani on Sunday assured the nation of a bright future for the Iranian economy as the failure of the US economic war will open up a new chapter in trade ties.
Euro-area economy speeds toward recession as 2021 starts
The eurozone’s slide toward a double-dip recession accelerated in January as extended pandemic lockdowns shut businesses.
Once again, job losses fall unequally across the US economy
By Christopher Rugaber and Alexander Olson

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