Iran likely to face the worst recession, warns World Bank

Iran likely to face the worst recession, warns World Bank

Washington: The World Bank warned that Iranian oil exports are almost nil because of the harsh US sanctions. Oil exports being the primary source of funding in the Iranian economy; this is affecting the Iranian markets. Therefore, Iran may face an unprecedented recession.’ The World Bank also criticised the economic policies of the Iranian President […]

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Shadows of global recession darken further, against the background of decline in manufacturing sector and US-China trade war

Shadows of global recession darken further, against the background of decline in manufacturing sector and US-China trade war

Washington/London: The trade war between the United States and China is intensifying by the day, and even the global investors and big corporates have not been able to asses the effects properly. The economists have claimed that over the last few months, the manufacturing sector in Europe as well as Asia, is taking a major […]

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The condition of the Iranian economy will worsen furthermore than the Iraq wartime, warns Iranian President Rouhani

The condition of the Iranian economy will worsen furthermore than the Iraq wartime, warns Iranian President Rouhani

Iranian President Hassan Rouhani expressed a concern that the Iranian economy has become sick because of the new sanctions imposed by the United States and to recover from this all the political parties have to come together; otherwise, Iran will be faced with a much worse condition, than the one faced after the Iraq war. […]

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The Iranian economy will collapse due to the new US sanctions, warns the International Monetary Fund

The Iranian economy will collapse due to the new US sanctions, warns the International Monetary Fund

Dubai: Deterrent effects of the US sanctions are apparent in the Iranian economy. The crisis in the Iranian economy will continue for the second consecutive year and by this year-end inflation will reach 40%, warned the International Monetary Fund (IMF). IMF has claimed in its annual report that the harsh US sanctions against the Iranian […]

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Alarming increase in debts of the Arab countries; warns head of IMF

Alarming increase in debts of the Arab countries; warns head of IMF

Dubai: The International Monetary Fund (IMF) has warned that the debt burden on Arab countries is increasing. Christine Lagarde, the Managing Director and Chairwoman of the IMF, issued this warning in an economic conference held in Dubai, cautioning the Arab countries that import and export crude oil. Christine Lagarde also pointed out that the Arab […]

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The US stock markets collapse once again, under the effect of shutdown and rate increase by Federal Reserve

The US stock markets collapse once again, under the effect of shutdown and rate increase by Federal Reserve

Washington: The US Stock markets collapsed on Monday owing to the rise in the interest rate by the Federal Reserve, the shutdown started because of non-passage of the Federal Spending Bill and the shocking decisions of President Trump. All the three indices Dow Jones, S&P 500 and Nasdaq, reported record falls, and these are the […]

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The fall in the US stock markets indicating worse recession than 1929; warns former congressman Ron Paul

The fall in the US stock markets indicating worse recession than 1929; warns former congressman Ron Paul

Washington: Former congressman Ron Paul warned, ‘There is a major upheaval in the US stock markets. Seeing that the condition is not improving the investors will start deserting the market. The situation that will follow will be worse than the 1929 recession.’ Against the background of Paul’s warning, the US stock markets declined by nearly […]

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New indications of decline in the European economy; negative atmosphere in France and Germany

New indications of decline in the European economy; negative atmosphere in France and Germany

Brussels: The economic index of the Eurozone, group of the major European countries, has scaled the lowest level, in four years of 4% and there are indications of more severe hits to the economy of the Union over the next two years. The negativity in France and Germany is held responsible for the low situation. […]

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Japanese economy suffers against the background of US-China trade war

Japanese economy suffers against the background of US-China trade war

Tokyo: The Japanese economy has sustained a massive blow due to the raging US-China trade war, with a 2.5% decrease seen in growth rate during the quarter of July-September. It is said that this is the biggest downslide since 2014. Analysts claim that the indications of a global recession have further strengthened due to this […]

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