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What does a recovery look like? Photo: Spencer Platt/Getty Images During the Great Recession, US economic output fell 4% over an 18-month period. During the second quarter of this year, the production of our country fell by 9.5%. This is the largest quarterly drop in US GDP on record. As the New York Time illustratednothing …

A major Hong Kong-based newspaper has claimed that Chinese President Xi Jinping is ready to sideline democratically elected representatives and officials from Pakistan to expand his direct influence over the country’s political and economic processes. Since 2016, Xi, the secretary general of the Communist Party of China, has forced the Pakistani establishment to pressure the …

[Ensure you have all the info you need in these unprecedented times. Subscribe now.] Oil prices have recently fallen as a resurgence in coronavirus cases and looming layoffs in the United States cloud the economic outlook. Futures in New York slid 3.1% on July 16, moving in sympathy with stocks, after trading in a narrow …

The likely outcome of the current crisis is a more rapid dismantling of the neoliberal economy and a fragmentation of the international economic system, writes Glenn Diesen, Associate Professor, University of Southeastern Norway. Technological sovereignty is privileged, international supply chains are repatriated, transport corridors become the scene of military rivalries and the remnants of …

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Saturday that the novel coronavirus pandemic is the “greatest test of the robustness and resilience of our [India’s] economic and financial system. “The coronavirus pandemic represents perhaps the greatest test of the robustness and resilience of our economic and financial system so far,” ANI news …