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French consumer morale falls sharply in December as strikes bite
PARIS (Reuters) – French consumer confidence pulled back more sharply than expected in December in the face of nationwide strikes against government plans to overhaul the pension system, official data showed on Wednesday. The INSEE statistics agency said that its monthly consumer confidence index fell for the first time since December 2018 when France was […]
IMF projects a recession for sub-Saharan Africa in 2020
JOHANNESBURG (Reuters) – Sub-Saharan Africa’s gross domestic product is expected to contract 1.6% this year, compared 3.1% growth last year, as the coronavirus pandemic wrecks the region’s economies, the International Monetary Fund said on Tuesday . Various African governments have imposed lockdowns and curfews to curb the spread of the coronavirus, but the restrictions are […]
Japan falls into recession as U.S., Europe weigh COVID-19 risks amid reopening
Europe reopened more widely on Monday, allowing people into the Acropolis in Athens, shops in Italy, markets and museums in Belgium, golf courses in Ireland and beer gardens in Bavaria while its leaders discussed how to salvage Europe’s hallowed summer vacations. As nations carved out a new normal amid the coronavirus pandemic, the World Health […]