Thursday, October 28, 2021

recession

The Covid-19 recession: Rough times for young Malaysians

The Covid-19 recession of 2020 and the continuing travails of 2021 have compounded the already difficult conditions for young workers and fresh graduates.

Europe’s economy bounces back from double-dip recession

The spread of the more contagious Delta Covid-19 variant has led to predictions that it may slow, though not derail, the economic upturn.

Singapore’s virus-hit economy suffers worst decline in 2020

But the 5.8% decline was not as bad as the 6.5% fall predicted by official forecasts.

Indonesia tumbles into first recession for 2 decades

Several million people have been laid off or furloughed as Indonesia, home to nearly 270 million, battles to contain the crisis.

NZ hits first recession in decades

Finance Minister Grant Robertson says the current figures are expected given the government's tough restrictions to contain the coronavirus.

Australia in recession for first time in 30 years

Social assistance benefits in cash also rose to a record 41.6% due to an increase in number of recipients and additional support payments.

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