Regional & International Economy

The country’s export earnings in March of the current fiscal year 2019-2020 fell by 18.29 per cent year-on-year due to coronavirus pandemic.

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China’s economy suffered its biggest contraction since possibly the mid-1960s after it told millions of people to stay indoors as measure to fight the coronavirus pandemic.

Finance Minister AHM Mustafa Kamal plans to unveil the national budget for next fiscal year on June 11 amid deepening uncertainties brought on by the deadly coronavirus.

After World Bank, the International Monetary Fund (IMF) has also projected Bangladesh’s low economic growth for this year as a result of the virus outbreak.

Faced with a once-in-a-century economic crisis, governments are rolling out massive spending programs that will increase debt and deficits, but IMF economist Gian Maria Milesi-Ferretti said now is not the time to worry about that.

Informal Sector Industry Skills Council (ISISC) today demanded of the government to create an emergency fund for small entrepreneurs and labourers and provide emergency loans with lower interest rate amid coronavirus outbreak.

President Donald Trump on Friday confirmed the US had agreed to help Mexico meet its commitment to slashing oil production under a global deal to address the petroleum glut.

While the number of COVID-19 hospitalizations seemed to be levelling off in New York state, deaths across the United States jumped by a record 1,800.

Oil prices fell on Monday after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help to reduce global oversupply as the coronavirus pandemic pummels demand.