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European Union to shrink 7.5% due to pandemic

European Commission President Ursula Von Der Leyen will hold a press conference in Brussels on April 23, 2020 to discuss measures to combat the spread of the Covid-19 pandemic caused by the novel coronavirus. OLIVIER HOSLET The European Union will shrink by 7.5% in 2020 as the coronavirus pandemic brings the worst economic shock since the Great Depression of the …

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Asian stocks are weak after the IMF says the global economy will shrink

Asian stocks eased on Wednesday after the International Monetary Fund announced that the global corona virus pandemic would be the worst year since the Great Depression of the 1930s. The benchmarks in Tokyo and Hong Kong remained unchanged, while Shanghai and Sydney, despite winning Wall Street overnight, declined by buying technology stocks overnight. The IMF’s latest forecast predicts that global …

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Asian stocks are weak after the IMF says the global economy will shrink

Asian stocks eased on Wednesday after the International Monetary Fund announced that the global corona virus pandemic would be the worst year since the Great Depression of the 1930s. The benchmarks in Tokyo and Hong Kong remained unchanged, while Shanghai and Sydney, despite winning Wall Street overnight, declined by buying technology stocks overnight. The IMF’s latest forecast predicts that global …

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Given the rising death toll, the UK finance minister warns that the economy could shrink by 30%: report

LONDON (Reuters) – The British finance minister has told colleagues that the coronavirus lockdown could shrink the economy by up to 30% this quarter, a newspaper said, as the rising death toll gave little hope that the restrictions would be lifted soon would. An ambulance is seen outside the NHS Nightingale Hospital at the Excel Center in London as coronavirus …

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The secret behind crystals that shrink when heated

This animation shows how solid crystals of scandium fluoride shrink when heated. While the bonds between scandium (green) and fluorine atoms (blue) remain relatively rigid, the fluorine atoms oscillate independently along the sides of the cubic crystals, resulting in a wide range of distances between adjacent fluorine atoms. The higher the temperature, the greater the kinking on the sides of …

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China's factory activities shrink in the fourth month as trade pressure increases

PEKING (Reuters) – Factory activity in China contracted for the fourth month in a row in August as US trade pressure increased and domestic demand remained weak, indicating a further slowdown in the world's second largest economy. [19659002] The ongoing weakness in China's vast manufacturing sector could fuel the expectation that Beijing will have to provide faster and more aggressive …

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China's factory activities shrink in the fourth month as trade pressure increases

PEKING (Reuters) – Factory activity in China contracted for the fourth month in a row in August as US trade pressure increased and domestic demand remained weak, indicating a further slowdown in the world's second largest economy. [19659002] The ongoing weakness in China's vast manufacturing sector could fuel the expectation that Beijing will have to provide faster and more aggressive …

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China's factory activities shrink in the fourth month as trade pressure increases

PEKING (Reuters) – China's factory activity contracted for the fourth month in a row in August as US trade pressure rose and domestic demand remained weak, indicating a further slowdown in the world's second-largest economy. FILE PHOTO: A worker welds car parts in a workshop making car accessories in Huaibei, Anhui Province, China, on June 28, 2019. REUTERS / STRINGER …

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Warning about a recession in Germany: According to Bundesbank, the economy could shrink again this quarter

The Bundesbank said on Monday that the largest European economy "is likely to remain weak in the third quarter of 2019". It is predicted that GDP could "continue to fall slightly". GDP decreased by 0.1% in the three months to June compared to the first quarter. A recession occurs when the economy shrinks for two consecutive quarters. Germany faces a …

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Apple's revenue should continue to shrink, why is the supply going up?

Apple Inc. recorded a strong sales decline in the holiday quarter. That was no surprise. What follows could be. The company released a lower-than-expected revenue forecast for the current quarter, suggesting that the slowdown in iPhone sales could lead to significant revenue declines. Analysts already expected a slight decline in revenue before each quarter of the current financial year AAPL, …

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