JAPAN’S CONSUMER SPENDING IS EXPECTED TO FALL BY $19.3 BILLION

Highlights –

• Japan’s consumer spending is expected to fall by $19.3 billion.
• The loss would correspond to 0.40 percent of Japan's annual GDP in nominal terms.
• Japan's government has imposed a state of emergency in 11 pre...

U.S. ECONOMY GROWS AT A RECORD PACE IN Q3

Highlights

• The Commerce Department in its third estimate of GDP said the gross domestic product managed to rebound at an annualized rate of 33.4 percent in the last quarter

• This growth of the crippling American economy will be fuelled by over $3 trillion in pande...

JAPAN FORECASTS ECONOMIC GROWTH FOR FISCAL 2021 AT 4.0 PERCENT

Highlights –

• Japan forecasts economic growth for fiscal 2021 at 4.0 percent.
• A public spending policy package of $710 billion has been implemented by the Cabinet Office.
• The Cabinet Office estimated the country's GDP to likely shr...

TWITTER FINED €450,000 BY IRISH DATA REGULATOR UNDER NEW EU DATA PRIVACY SYSTEM

Highlights

• This was the first sanction against a U.S. firm under a new European Union data privacy system

• Ireland’s Data Protection Commission was made lead regulator of Facebook, Twitter, Apple and Google by the EU's General Data Protection Regulation&...

U.S. ECONOMY REBOUNDS BY RECORD 33.1% IN Q3

Highlights

• As per the US Commerce Department report, this overall surge in the gross domestic product (GDP), the nation’s total output of good and services remained unchanged as per the its estimate

• This jump of 33.1 percent was the largest quarterly gain r...

INDIA ENTERS TECHNICAL RECESSION FOR THE FIRST TIME IN ITS HISTORY: RBI

Highlights

• The central bank in its first ever published ‘nowcast’ showcased that the Indian gross domestic product (GDP) shrank 8.6 percent in the quarter ended in September

• While the GDP slumped 8.6 percent in the second quarter, it was lower than 10...

U.S. CONSUMER SPENDING WENT UP BY 1.4 PERCENT IN SEPTEMBER

Highlights

• After U.S. GDP surged record 33 percent in the third quarter, highest since 1947, U.S. consumers increased their spending by 1.4 percent in September

• According to the Commerce Department, the U.S. gross domestic product rebounded at a 33.1 percent annu...

U.S. GDP REBOUNDS RECORD 33 PERCENT IN THIRD QUARTER

Highlights

• According to the Commerce Department, the U.S. gross domestic product rebounded at a 33.1 percent annualized rate last year

• After slumping drastically 31.4 percent in the second quarter, the U.S. economy managed to rebound in the third quarter courtesy...

DESPITE COVID-19, U.S. ECONOMY PERFORMED BETTER THAN EXPECTED SAYS CITI CEO

Highlights

• According to Citigroup CEO Michael Corbat, despite pandemic and millions losing their jobs, the U.S. managed to perform better than expectations

• Programs that have been put in place by the Fed, coming out of Treasury, have served us well said the Citi ...

CHINA WORLDS LARGEST ECONOMY- BELIEVE IT OR NOT!

• China has now displaced the U.S. to become the largest economy in the world.
• Measured by the more distinguished yardstick that both the IMF and CIA now judge to be the single best metric for comparing national economies, the IMF Report shows that China’s economy is one-si...

U.S. ECONOMY NEEDS AT LEAST AN YEAR TO RECOVER TO PRE-PANDEMIC LEVELS: FEDERAL RESERVE

Highlights

• Clarida on Wednesday said the COVID-19 recession threw the economy into a very deep hole and it will take some time, perhaps another year, for the level of GDP to fully recover to its previous 2019 peak

• US GDP slumped at its fastest pace in the second ...

BANGLADESH MAY BEAT INDIA IN REGIONAL PER CAPITA GDP SWEEPSTAKES

HIGHLIGHTS

• Some media reports claim that soon Bangladesh may have higher GDP than India.
• Exports of Bangladesh are rapidly increasing.

In terms of per capita Gross Domestic Product (GDP), India was above Bangladesh till a few years a...

U.S. GDP PLUNGES 31.4 PERCENT IN SECOND QUARTER

Highlights

• According to the Commerce Department, the US gross domestic product (GDP) plunged at a 31.4 percent annualized rate last quarter (April-June quarter), 0.3 percent less than what was predicted a month back

• As per the economists, the US economy is likely...

CLIMATE CHANGE TO BRING DOWN REAL U.S. GDP BY 0.03% ANNUALLY FOR NEXT 30 YEARS: REPORT

Highlights

• The CBO came up with this research paper by analysing both positive and negative contributions to gross domestic product (GDP), longer growing seasons in colder climates to drought to damage to factories from more intense storms

• Few aspects of climate ...

RAH INFOTECH PARTNERS WITH TRUSTIFI

HIGHLIGHTS

• RAH Infotech has found a new partner in Trustifi.
• Both partners are working to introduce enhanced e-mail security to India.

RAH Infotech, India’s leading technology distributor has forged a partnership with Las Vegas...

‘CONTACT TRACING’ BILL PROVISIONALLY APPROVED IN BELGIUM

HIGHLIGHTS

• A new law in Belgium allows the contact tracing of people who might be infected with coronavirus.
• The bill will allow consensus between various communities.

On Tuesday, 15 SEP 2020, the Health and Equal Opportunities Commi...

U.S. ECONOMY LIKELY TO SUFFER LOSSES WORTH $14 TRILLION DUE TO COVID-19 SCHOOL CLOSURES

Highlights

• The worldwide school closures in early 2020 led to losses in learning that will not easily be made up for even if schools quickly return to their prior performance levels said economists

• As per the report, students in K-12 will experience a 3 percent l...

THAILAND’S NATIONAL BANK STORMS IN WORRY OF ECONOMIC DOWNFALL

HIGHLIGHTS

• Thailand's travel industry will confront more grave risks next year if the government of Thailand does not allow foreign visitors to come to Thailand, says Bank of Thailand.

International travelers could be minimized from 8 milli...

COVID-19 IMPACT: INDIA’S GDP SHRINKS 23.9 PERCENT IN Q1

Highlights

• As per the National Statistical Office (NSO), the GDP contraction in the April-June period of FY21 was the largest fall on record since India started reporting quarterly data in 1996

• This is the sharpest decline since 1996 and is worse than any of the ...

SPAIN’S ECONOMY IS EXPECTED TO RECOVER IN THE THIRD QUARTER

Highlights:

• The economy of Spain is expecting a significant return or bounce back in the third quarter of the year 2020
• The Independent Authority of Fiscal Responsibility expect that, the national economy of Spain will increase by 15.2 per cent in the...