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Tag: Economy

Global economy slows down: BBC News Review

As prices continue to rise, the World Bank predicts the global economy is heading for a recession. Neil and Beth talk about the language used in the headlines around this story. The story: As prices continue to rise, the global economy is getting closer to a recession. That’s according to a prediction by the World Bank. This year, the economy is expected to rise by…

EU sanctions goal is to crush Russian economy – Von der Leyen

Western penalties will cause “a decade of regression,” the European Commission president tells WEF EU sanctions are aimed at plunging the Russian economy into a recession for years to come and depriving the country of crucial technologies, European Commission President Ursula von der Leyen said in an address to the World Economic Forum (WEF) in Davos on Tuesday. The European bloc has imposed nine rounds…

What does China's reopening mean for the economy? | Counting the Cost

Three years of citywide lockdowns and border closures in China have disrupted supply chains, squeezed businesses and caused widespread economic damage. Now, as Beijing joins the rest of the world in adapting to life with the coronavirus, the lifting of its strict COVID-19 policy is bringing both relief and uncertainty. Rolling back pandemic rules is meant to revitalise the economy, but it has also led…

Remarks by President Biden on the Economy and Efforts to Tackle Inflation

South Court AuditoriumEisenhower Executive Office Building 10:42 A.M. EST THE PRESIDENT:  Good morning.  Sorry I’m a little late.  And I’m due at the — please, have a seat — the National Cathedral at a little after 11:00. But good morning.  Today, we’ve got some good news — good news about the economy.  For the sixth month in a row, inflation has come down.  Measured over the last…

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