Eurozone GDP drops 12.1% in record pandemic plunge
02 August 2020 |
11:00 am
The coronavirus pandemic caused the largest GDP drop ever recorded for the 19 EU countries using the euro as currency, according to estimates. The eurozone economy has shrunk by over 12%, with Spain bearing the brunt.
Related
2 Aug 2020
The coronavirus pandemic caused the largest GDP drop ever recorded for the 19 EU countries using the euro as currency, according to estimates. The eurozone economy has shrunk by over 12%, with Spain bearing the brunt.
11 Sep 2020
For those with mental health issues, the COVID-19 pandemic has been especially challenging. On this year's World Suicide Prevention Day, experts urge that physical distancing doesn't mean we're socially cut off.
2 Oct 2020
Africa's economies are forecast to shink as a result of the COVID-19 pandemic. Germany's government is trying to prop up investment, but German companies are pessimistic about doing business on the continent.
13 Oct 2020
For years, the Global Hunger Index has shown global advances in combating malnutrition. But the coronavirus pandemic could undo them, according to the latest report for German aid organization Welthungerhilfe.
8 Nov 2020
Hundreds of incarcerated people across Turkey face major health issues because they are not receiving adequate medical care during the pandemic. Advocates for imprisoned people say the situation is potentially deadly.
30 Nov 2020
As the US registers record cases and hospitalizations, officials have urged people to start their holiday shopping from home. Most retailers moved their Black Friday sales online to prevent overcrowding in stores.
2 Dec 2020
The world economy will make a spectacular comeback aided by vaccine rollouts and government support, the OECD says. But by then, the pandemic will have dealt some painful, enduring blows in many countries.
7 Mar 2021
Many people fear mutations and a third wave, but COVID-19 infection rates are falling worldwide. Is the virus losing steam or are health measures finally having an effect?
5 Mar 2021
Beijing is looking to rebound from the coronavirus pandemic after dropping growth targets last year. Defense spending is also set to rise significantly.
17 Apr 2021
Europe wants to enhance its partnership with India against COVID-19 and climate change. Delhi is pushing for an intellectual property waiver to facilitate vaccine production.
30 Apr 2021
As Turkey begins a strict three-week lockdown, many people are particularly angry about a nationwide ban on alcohol sales. Dissidents say the measure has nothing to do with the pandemic and fear a long-term prohibition.
29 Jun 2021
As a third wave of COVID-19 infections threatens to overwhelm hospitals, doctors blame Russia's slow vaccination campaign, as well as people who are lowering their guard or recklessly taking vacations.
Latest
1 hour ago
It's the biggest legal consequence so far in the wake of the January 6 insurrection. Stewart Rhodes, who heads the Oath Keepers militia, has been found guilty of seeking to keep Donald Trump in power by carrying out a mob attack on the US Capitol. A conviction on sedition is very rare and carries a maximum penalty of 20 years in jail. We take a closer look.
1 hour ago
A court in Mozambique on Wednesday (November 30) started delivering its judgement in a case involving 19 people accused of various crimes for their alleged roles in the disappearance of hundreds of millions of dollars in government-backed loans.
2 hours ago
French President Emmanuel Macron's state visit to the US is bringing simmering EU-US tensions over economic policy to the boil. At the heart of European criticisms are multi-billion-dollar economic support packages that could be perceived as giving the US an unfair advantage. Also in the show, the US Congress is heeding Joe Biden's call to do whatever it takes to avert a costly railroad shutdown. Plus, French butchers take to the streets to protest the rise in energy prices.
2 hours ago
On Thursday, Stephanie Frappart will become the first female referee to officiate a men's World Cup match when she takes charge of Costa Rica vs. Germany. One of her assistants, Neuza Back, has worked in Qatar before.
2 hours ago
The Spanish government wants the use of gender stereotypes for the advertising of toys a thing of the past. The code of conduct, which will be enacted from December 1, aims to avoid biases toward gender roles.
3 hours ago
Fifty-Five years after innocent Asaba indigenes were callously massacred in the fratricidal Nigerian Civil War, the first major show on this tragic contour opens today at Red Door Gallery, on Bishop Oluwole Street, Victoria Island, Lagos. The show ends on December 7, 2022.