Search results
Results from the WOW.Com Content Network
The COVID-19 pandemic caused far-reaching economic consequences [1] including the COVID-19 recession, the second largest global recession in recent history, [2] decreased business in the services sector during the COVID-19 lockdowns, [3] the 2020 stock market crash (which included the largest single-week stock market decline since the financial ...
The reasons AT&T gave for the cancellation was to invest the money into its networks and in taking care of its employees during the pandemic. [71] In response to the economic damage caused by the pandemic, some economists have advocated for financial support from the government for individual Americans and for banks and businesses.
The 2018–present Argentine monetary crisis is an ongoing severe devaluation of the Argentine peso, caused by high inflation and steep fall in the perceived value of the currency at the local level as it continually lost purchasing power, along with other domestic and international factors.
The crisis emerged after six consecutive quarters of productivity decline. Between 2019 and 2024, productivity growth stagnated at approximately 0%, marking a historically low point in the country's economic performance relative to productivity growth, settling at around 1% of GDP in the early 2000s. [27]
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
However, in 2019, that concern was heightened during the economic slowdown, and economists began warning of a 'debt bomb' occurring during the next financial crisis. Debt in 2019 was 50% higher than that during the financial crisis of 2007–2008 . [ 37 ]
The COVID-19 pandemic has had a deep impact on the Irish economy, leading it into a recession. Essential public health measures announced by the Irish Government to contain the spread of COVID-19 resulted in the largest monthly increase in unemployment in the history of the Republic of Ireland during March 2020.
English: The findings in this brief have been adapted from the FAO report The State of Food and Agriculture 2021. Making agrifood systems more resilient to shocks and stresses. Making agrifood systems more resilient to shocks and stresses.