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Scholz Putting a Brake on Recession in Germany, Recession Putting a Brake on Scholz

11:40 05.11.2024 Valeriya Belyaeva

Scholz Putting a Brake on Recession in Germany, Recession Putting a Brake on Scholz

A recent forecast by the International Monetary Fund (IMF) has yet again downgraded Germany's economic outlook. The country's economy is in turmoil, experiencing its second consecutive year of recession. IMF experts predict that Germany's GDP growth in 2024 will be nearly zero compared to the previous year. The situation is …

The gap widens – BRICS is leaving the “Big Seven” behind

12:34 10.10.2024 Andrey Kadomtsev

The gap widens – BRICS is leaving the “Big Seven” behind

On October 22-24 the Russian city of Kazan will be playing host to the 16th summit of BRICS. Over the years of cooperation, the organization has achieved significant results in a number of key areas. In terms of total GDP calculated using purchasing power parity, the BRICS countries overtook the …

Does Zeitenwende stand up to reality?

12:21 29.08.2023 Andrey Kadomtsev

Does Zeitenwende stand up to reality?

In a recent report, Reuters cited a "German government source" as saying that Berlin is once again putting on hold an increase in its defense spending to 2 percent of GDP. [i] After February 2022, the German authorities never tired of promising to ramp up the country’s military outlays to …

Worse than under Trump – Biden’s economic policy hits EU yet harder

11:14 16.12.2022 Andrey Kadomtsev

Worse than under Trump – Biden’s economic policy hits EU yet harder

The French Le Monde has published an article whose author argues that “for the EU economy, Biden has proved worse than Trump”. This article will look into the situation in more detail. The US trade policy demonstrated consistent protectionism throughout the entire 19thcentury. It was only in the 1930s, when …

How COVID-19 pandemic affected South Africa

10:32 07.08.2020 Pavel Lomtev

How COVID-19 pandemic affected South Africa

Photo: eturbonews.comAt present, South Africa is the world’s fifth in the number of coronavirus cases. The epidemiological situation in the country continues to deteriorate, as despite a decreasing number of new cases reported daily, the number of tests has decreased as well. On August 2, 2020 the total number of …

“Viral” elections: will coronavirus impact the outcome of US presidential race?

12:17 12.03.2020 Andrey Kadomtsev

“Viral” elections: will coronavirus impact the outcome of US presidential race?

With the coronavirus COVID-19 spreading rapidly worldwide and the first deaths reported in the United States, the issue of its impact on US stock markets is going viral and more and more people now realize that the new disease could have a serious impact on the outcome of the November …

India: domestic policy trends and development problems

10:17 14.01.2020 Andrey Kadomtsev

India: domestic policy trends and development problems

The impressive victory scored in last spring’s parliamentary elections in India by Prime Minister Narendra Modi inspired numerous comments about the start of a new stage in the development of one of the largest countries around. However, the spate of dramatic events that have since happened in India has drawn …

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