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Tag: economic news

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...
World

Australia Explores Involving Mediators Regarding Payment of News Content on Facebook

Australian authorities are capable of engaging mediators to determine payments by social networking service company Facebook or other internet companies such as Google. This is related to the traffic that arises from the news content that users upload there. This plan will occur if Facebook cannot reach an agreement with the local media company on the payment of traffic from this content. However, Facebook management objected to being subject to an unlimited royalty payment scheme. On this matter Facebook management representatives have not commented. At the same time, Google's local management said that it has reached an agreement with many Australian media on content. The chairman of the competition regulator, Rod Sims of the Australian Competition and Consumer Commission (ACCC)...
World

Survey: 75% Of People Choose Health Instead Of Economy During The Pandemic

The re-tightening of large-scale social restrictions (PSBB) by DKI Jakarta Governor Anies Baswedan reaps pros and cons. Some people think this policy will weaken the starting economy. Others think that the PSBB needs to act as a brake so that the number of Covid-19 transmissions can be contained. Then, what about the public opinion itself? In the “National COVID-19 Survey” conducted by the KedaiKOPI Survey Institute (Indonesian Public Opinion and Discussion Group), it was revealed that the public is more concerned with health issues. This survey was conducted face-to-face with a home visit mechanism on 18 August-6 September 2020, by interviewing 1200 respondents spread across 34 Provinces in Indonesia. Interviews were conducted according to health protocol: wearing masks, maintaining a di...
Economy and Finance

Not the First Time the World Economy is Destroy by the Pandemic

Pandemics that occur in the world have indeed influenced the global economic system and suppressed the economies of all countries. This is because the pandemic forces humans to limit their interactions with others in order to suppress the spread of the virus. Long before the current COVID-19 pandemic, the world economy had also been battered by the Spanish Flu pandemic around 1918. Citing a report compiled by Ally Mintzer on econreview.berkeley.edu, the result of the Spanish Flu at that time also forced world countries to impose restrictions that influencing the consumption pattern of society and the business world so that the wheels of the economy move slowly or even temporarily stop. The incident in 1918 was the worst in the history of the United States (US) because it claimed hundre...
Economy and Finance

No lockdown, Japanese Economy Continues Recession

Japan's economy deepened. The economy contracted again in the second quarter of 2020 by -7.8% on a quarterly basis. Meanwhile, the second-quarter economy was -27.8% year-on-year or yoy. This happened because of the pandemic of the Corona virus that has disrupted the economy. The handling of Corona in Japan was praised by the Indonesian government for failing to achieve a total lockdown in dealing with the pandemic. However, economic activity continued to decline significantly as workers and consumers chose to stay at home. We got a big hit in April and May, but the economy we even reached had bottomed out in May, and in June a pretty big revival, "said Izumi Devalier, the main Japanese economist at Bank of America Merrill Lynch. Times Although the abyss of dein goes recession towards ...
The Importance of International Financial Insights
Excel News

The Importance of International Financial Insights

Since the end of World War II, international finance has grown rapidly in line with international economic growth. Even "capital" or "money" not only functions as a means of payment for foreign trade but also an asset that is traded in a large volume. As such, international finance is becoming increasingly important in world economic activity. Aren't the crises that hit the Asian economy and the world economy respectively in 1997 and 2008 and had to be paid handsomely by declining output, economic depression and the bankruptcy of large-scale corporations full of financial problems? The development of finance with the growth of international capital markets clearly has a multiplier effect on world economic growth. However, developments have created interconnections between capital marke...
Excel News

Covid-19 Makes the World Economy Fall to a Minus of 7.6 Percent in 2020

The Corona pandemic that attacks the whole world has an impact on all countries in the world. It is estimated that the Corona Covid-19 pandemic will cause world economic growth to fall by minus 7.6 percent in 2020. "Various estimates show that (global) economic growth in 2020 could be around minus 7.6 percent due to Covid-19," said the Head of the Assistance Team for the Coordinating Minister for Economic Affairs, Tirta Hidayat, in a virtual discussion in Jakarta. The impact of the Covid-19 pandemic has even made countries experience the worst crisis. Even Britain was hit by a crisis that was perhaps the worst in 350 years. "So this shows that the impact is truly massive and global is almost evenly distributed. So if we see the threat of a recession in almost all parts of the wor...