All articles tagged with #economic recovery
Originally Published 2 days ago — by Financial Times
The article discusses whether Venezuela can resolve its ongoing debt issues amidst its broader economic crisis, exploring potential solutions and international support options.
Originally Published 2 days ago — by Fortune
Argentina has fully repaid its $20 billion credit line from the Trump administration, a move seen as a positive step towards restoring confidence in its economy, though challenges like low foreign reserves remain.
Originally Published 2 days ago — by Financial Times
Argentina has repaid its US financial aid as Javier Milei gains prominence amid a market crisis, signaling a potential shift in the country's economic landscape.
Originally Published 16 days ago — by The Japan Times
Japan is projected to achieve its first primary budget surplus in 28 years by 2026, as the government aims to balance economic growth with fiscal sustainability, with Prime Minister Sanae Takaichi highlighting the record budget and efforts to address long-standing financial concerns.
Originally Published 1 month ago — by BBC
Thailand has temporarily lifted its longstanding afternoon alcohol ban for a six-month trial to boost tourism, allowing alcohol sales from 14:00 to 17:00, just ahead of peak holiday seasons, as part of efforts to revitalize the economy and attract more visitors.
Originally Published 3 months ago — by NPR
A year after Hurricane Helene devastated Asheville, the city is hoping for a strong fall tourist season to help revive its struggling hospitality sector, which has faced significant losses, closures, and workforce challenges due to the storm's destruction and ongoing economic headwinds.
Originally Published 3 months ago — by AP News
Greece has transformed its inefficient tax system into one of Europe's most effective through digital innovation, boosting revenue, achieving a budget surplus, and improving its credit rating, despite ongoing social challenges.
Originally Published 3 months ago — by Fortune
A top analyst from Morgan Stanley suggests that Elon Musk's DOGE-driven government layoffs mark the end of a three-year rolling recession in the US, with signs of a recovery beginning and the worst economic pain likely behind us, supported by improving earnings and labor market indicators.
Originally Published 5 months ago — by MarketWatch
Retail sales in the US rebounded in June by 0.6% after tariffs were reduced, indicating a strategic recovery in consumer spending despite ongoing trade war uncertainties, with auto and restaurant sales leading the increase and overall economic growth remaining steady.
Originally Published 6 months ago — by Financial Times
Hong Kong's stock market is outperforming mainland China due to strong investment flows and enthusiasm for tech companies, while China's broader economy and traditional sectors struggle amid weak consumer sentiment, deflation, and trade tensions, leading to a divergence in market performance.
Originally Published 7 months ago — by BBC
The IMF has slightly upgraded its UK growth forecast for 2025 to 1.2%, citing a strong start to the year, but warns that the Chancellor must adhere to fiscal rules amid global uncertainties and trade tensions. The IMF praises government reforms and trade agreements but highlights challenges like rising inflation and the need for careful fiscal management to sustain growth.
Originally Published 1 year ago — by Bloomberg
China's factory activity expanded in November, with the manufacturing purchasing managers' index rising to 50.3, indicating a slow recovery aided by stimulus measures. This marks a slight increase from October's 50.1, surpassing economists' expectations.
Originally Published 1 year ago — by The New York Times
Advocates for congestion pricing in New York City are outraged after Governor Kathy Hochul indefinitely suspended the plan, citing concerns about its impact on Manhattan's economic recovery. The decision, which came just weeks before the program's launch, has been described as a betrayal by supporters who have long fought for the initiative aimed at reducing traffic and funding subway improvements.
Originally Published 1 year ago — by KGO-TV
San Francisco is set to host a sold-out outdoor rave featuring Skrillex and Fred Again at Civic Center Plaza, attracting 25,000 fans. The event, expected to inject tens of millions into the local economy, is seen as a positive step towards the city's post-pandemic recovery, particularly for the nightlife and entertainment sectors. Local businesses and city officials are optimistic about the economic boost and the potential for future events to revitalize downtown San Francisco.
Originally Published 1 year ago — by nyc.gov
New York City Mayor Eric Adams unveiled plans for a new 62-story office tower at 350 Park Avenue, set to be completed by 2032, which will house over 6,000 jobs and contribute to the city's economic resurgence. The tower, developed by Vornado Realty Trust, Kenneth Griffin, and Rudin, will feature 1.8 million square feet of office space, a public concourse, and anchor tenants Citadel and Citadel Securities. The project also includes contributions to the East Midtown Public Realm Improvement Fund and historic landmark upkeep. This development aligns with Mayor Adams' commitment to revitalizing Midtown Manhattan and follows his administration's efforts to enhance public spaces and drive economic growth in the city.