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Nalezeno "recession": 386

Japan Leverages 80 Tons of Gold to Help Fund Part of Its Stimulus Package


Japan’s finance ministry has reportedly leveraged 80 tons of gold to help fund part of its huge stimulus package aimed at combating the coronavirus crisis. The Asian country, which is saddled with public debt twice the size of its economy, is under pressure to find non-tax revenues to cover...

What Does A Looming Recession Mean For Your Savings?


The text below is an advertorial article that was not written by Cryptonews.com journalists. Times are increasingly uncertain. The dollar has lost more than 10% of its value in the last month alone. The FED and other central banks are printing paper money like crazy, causing inflation - similar...

Crypto Is Likely Winner as Recession to Force Rethink Money - Gemini Exec


Recession, a more favorable regulatory view, a better understanding of the technology, and traditional investors turning to crypto - are all aspects that are bringing adoption to crypto, according to Julian Sawyer, Gemini's Managing Director (MD) for Europe. Unlike previous recessions, this one...

Economists Predict Worst Recession Ever for India Amid Lockdown Extension


Economists have predicted that India will face its worst recession ever as the country announced another nationwide lockdown extension. India’s economy is forecasted to contract 45% in the second quarter following the Rs 20 lakh crore coronavirus relief stimulus package which some economists...

Germany Enters Recession as Over 100 Banks Charge Negative Interest Rates


Germany has plunged into a recession with the worst quarterly contraction since the global financial and economic crisis of 2008, according to official data. Over 100 banks in the country are now charging customers negative interest rates. Germany Enters Recession The German economy is now in...

Bank of England Predicts Worst Economic Crash in 300 Years for UK


The Bank of England has predicted the worst economic crash since the Great Frost of 1709. Economists are less optimistic than the central bank about the rate of recovery for the UK economy. “Current conditions are unprecedented in our lifetime and all forecasters are struggling to make...

Federal Reserve Index: The US Is Already in Recession


The Federal Reserve Bank of Chicago’s monthly index has plunged, suggesting that the U.S. has entered a recession. The index is designed to gauge the overall U.S. economic activity and inflationary pressure. It is a weighted average of 85 monthly indicators. Fed Index Suggests the US Already...

How Ethereum Could Help The Global Economy Recover From A Recession


Ethereum (ETH) has a role to play in the recovery from a coronavirus recession. While the global economy is still waiting for the worst effects of mass lockdowns, layoffs, and losses, Ethereum and its ecosystem of financial platforms are waiting in the wings to make the eventual recovery easier....

IMF Predicts Worst Global Crisis Since Great Depression, Costing $9 Trillion


The International Monetary Fund (IMF) said the world’s current economic crisis is the worst downturn since the Great Depression, and no country is spared. The IMF estimates that the cumulative loss to global GDP from the pandemic could be around 9 trillion dollars. Also read: IMF Declares...

G20 Considers 10 Rules for Regulation of Stablecoins Like Facebook Libra


The G20 is setting rules to regulate stablecoins such as Facebook’s Libra cryptocurrency. Responding to a call by the G20, the Financial Stability Board (FSB) has provided 10 “high-level” recommendations that establish a regulatory framework for stablecoins. Also read:...

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