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Tag: covid-19

Economy and Finance

If Europe Lockdown Again, Indonesia Hopes It Won’t Interfere With Their Exports

Jakarta - A number of European countries are planning to carry out regional closures or lockdowns to prevent the second wave of transmission of the coronavirus (Covid-19). Director General of Foreign Trade, Didi Sumedi, hopes that the closure of Europe will not disrupt exports. Didi said lockdowns usually focus on limiting the movement of people, the majority of whom use air transportation. "Hopefully it won't affect our exports, because most of them are exported to Europe via sea cargo," said Didi when contacted by Kontan.co.id, Thursday (24/9). Even so, business actors still express concerns. Deputy Chairman of the Indonesian Chamber of Commerce and Industry (Kadin) for International Relations Shinta Widjaja Kamdani said "that the lockdown would create negative risks for Indonesian...
World

Global Economic Growth Predicted To Minus 5 Percent, Worst In 80 Years

Chief Economist of PT Bank CIMB Niaga Tbk, Adrian Panggabean, predicted that the global economy will contract by minus 5 percent in 2020. Adrian even said that this contraction was the worst in the last 80 years. In 2021, the global economy will recover (rebound) partially in the range of 3 percent-4 percent. "The projection range of global economic growth is in the range of -5 percent to -4 percent in 2020, the worst in 80 years," said Adrian in his report, Wednesday (14/10/2020). Adrian said that the global economic recovery in 2021 is still marked by high uncertainty. Next year, it seems that there are still sharp business fluctuations. Recovery can be patchy across countries. Especially at this time, the Covid-19 virus still infects more than 140 countries in the world. Hopes for a s...
World

List Of Countries Experiencing Economic Recession During The Covid-19

The Coronavirus pandemic that continues in the world, not only causes a health crisis. To make matters worse, the economies of a number of countries have also been destroyed and are in danger of experiencing a recession. In this time, Britain officially experienced an economic recession during Most recently the Covid-19 pandemic. The news was announced Wednesday (12/8/2020). A recession, according to financial writer David Rodeck, quoted from Forbes (June 15, 2020), is a significant decline in economic activity that lasts for months or even years. A country is said to be in a recession when the economy experiences negative gross domestic product (GDP) for a long period of time. Pandemic Covid-19 Makes Several Countries Into Recession These conditions will increase the number of unem...
Economy and Finance

Philippines Announces Economic Recession Due to CoronaVirus Pandemic

Philippines is officially experiencing a recession due to the coronavirus pandemic. The statistical authority recorded an economic shrinkage of 16.5 percent in the second quarter of this year. The updates on the financial downturn was reported by the Philippine Statistics Authority on Thursday (6/8), considering the current condition the greatest decrease in (GDP) information since 1981.  The nation recorded a GDP shrinkage of 16.5 percent all through April to June quarter. Then, in the past quarter, GDP shrunk by 0.7 percent. Why Philippines Can Get Into A Recession The monetary constriction happened because of the tight lockdown framework set up to smother the spread of the Covid in the nation. Counting, the conclusion of various business exercises and the lockdown renewed intro...
Economy and Finance

Global Survey: Job Loss Concern Threatens Economic Recovery

YouGov's most recent overview of 26 nations, including 27,681 respondents, shows shoppers around the globe are worried about positions and family unit financial plans. They likewise will in general be cautious in going through or putting away cash. The pandemic of Covid making the world monetarily shaky, representing a danger to the worldwide downturn hit economy if individuals want to spare instead of spend. Detailed by Bloomberg, Monday (7/13/2020), YouGov's most recent review in 26 nations including 27,681 respondents, shows that shoppers around the globe are worried about work and family spending plans. They additionally will in general be cautious in going through or putting away cash. This recommends indications of recuperation referred to by some policymakers as purposes behind p...
Economy and Finance

The Impact of Covid-19 On The United States Economy And Trump

At the end of 2019, the world was shocked by the emergence of an epidemic of disease originating from the COVID-19 virus in Wuhan, China. The COVID-19 pandemic is a very serious threat to the health of world citizens and not only that, the existence of this pandemic has made a country experience a crisis due to the inability of community activities in that country so that the country's economy is hampered and even died. Covid-19 Pandemic Hit Trump Administration With a very high level of spread, the COVID-19 virus is rapidly spreading in various parts of the world, counting that to date more than thirty five million people have contracted COVID-19 in the world (WHO, 2020). The United States (US) is one of the countries that has not escaped the impact of the COVID-19 outbreak. Even t...
Economy and Finance

Reasons for the US Economy Recovering Fast from the Corona Pandemic

Economy in some states of the United States began to recover after a pandemic struck coronavirus during the last six months. Some of these recoveries include the real estate sector starting to develop rapidly in Maine, the unemployment rate dropping below 5 percent in Nebraska and the working hours of MSME employees that have started to increase in Rhode Island. Back to Normal Index Moody's Analytics Shows the state's economy has returned to working almost 88 percent of its pre-pandemic March conditions.  This rate is the most noteworthy throughout the previous half year. Despite the fact that not yet completely recouped, these states' bounce back are additionally among the most grounded in the United States. So for what reason would they say they are recuperating such a great amount...
Economy and Finance

VW CEO Denies Speculation of Cooperation with Tesla

JAKARTA - Volkswagen (VW) Chief Executive Herbert Diess on Monday (7/9) local time denied speculation that it has plans to develop a deeper relationship with Tesla. This speculation arose after Diess met with Tesla Chief Executive, Elon Musk in Braunschweig, Germany, last week, and during his visit, VW allowed Musk to drive the latest VW ID electric car. "Just to be clear, we were just driving ID.3 and chatting - there was no agreement or cooperation on the manufacture of (the car)," Diess said in a statement on Linkedin. It also includes videos of two CEOs driving a vehicle at the airport. "Thank you for visiting, Elon! Hope you like the video. It was great to ride the ID.3 with you! You are quite critical with the torque available at higher speeds," said Diess. "I told you, 'Yeah, w...
Economy and Finance

Zoom benefits twofold as incomes soar

Well known videoconferencing application Zoom has seen its incomes soar as second quarter benefits dramatically increased due to the Covid emergency. Incomes jumped 355% to $663.5m (£496.3m) for the three months finishing 31 July, beating experts' desires for $500.5m. Benefits took off to $186m, while client development rose 458%, contrasted and a similar period in 2019. Video conferencing applications stay vital because of the expansion in distant working. Zoom's offers hit a record high on Monday, shutting at $325.10, as the firm raised its yearly income figure by over 30% to the scope of $2.37bn-$2.39bn, from its past projection of $1.78bn-$1.80bn. Key to Zoom's prosperity was its capacity to include paying clients - high-financial plan corporate customers - rather than the indiv...
Uncategorized

Australia Successfully Handles Corona, Lowest Covid-19 Cases Over 3 Weeks

Police and army officers patrol a popular running track in Melbourne, Tuesday (4/8/2020). The state of Victoria in Australia, in particular the capital city of Melbourne, announced a state of emergency for the COVID-19 disaster on Sunday (2/8) local time. (William WEST / AFP) Australian authorities reported that the number of new Corona COVID-19 infections at the epicenter of the country's outbreak had decreased on Thursday (13/8). This also raises hopes of a second wave of viruses under control. 278 new daily infections were recorded in Victoria State, which was down from 410 the day before and was the lowest daily increase in cases in more than three weeks. HomeGlobalInternationalAustralia Successfully Handles Corona, Lowest Covid-19 Cases Over 3 WeeksNatasha Khairunisa AmaniNa...