recession
Central Bank: all previous projections ‘upside down’, expect ‘serious recession’
Central Bank Governor, Constantinos Herodotou, expects the economy to experience a “serious recession” in 2020 due to the pandemic, he said on Thursday. “The economy’s...
Global economy is probably in recession
By John Kemp The global economy is probably in recession, with most cyclical indicators showing business activity is flat or falling. Recessions become obvious only once...
A second great recession or a second cold war?
By Gwynne Dyer Ten years ago this month the financial services firm Lehman Brothers filed for bankruptcy protection, triggering the 2008 Crash and the subsequent Great...
Greece, in recession again last year, eyes recovery in 2017-18
Greece fell into recession again last year, confounding its international creditors who had predicted some growth after years of budget austerity and bailouts. The country’s leading...
Greece expects growth, lower debt, unemployment to ease in 2017
Recession-hit Greece on Monday predicted a return to growth in 2017 and a drop in its huge debt burden via a tax-heavy draft budget submitted...
Bank of England cuts rates, ready for ‘whatever action necessary’ after Brexit vote
The Bank of England cut interest rates on Thursday for the first time since 2009, revived its bond-buying programme and said it would take “whatever...
UK economy wilting fast after Brexit vote, as PMI shows record drop (Updated)
By Andy Bruce and Douglas Busvine Britain’s economy is shrinking, the broadest survey of business confidence since last month’s historic vote to quit the...
‘Tourists go home’: Spain tourism surge brings backlash
By Sarah White On the walls of the grand old houses of this Balearic port which attracts millions of foreigners every year, a new kind...
President expresses support to Greece’s efforts to exit recession and address the refugee crisis
President Nicos Anastasiades on Friday expressed Cyprus` support for Greece`s efforts to exit its deep economic slump, and in addressing its refugee crisis. During a...
