Japan upgrades Q1 GDP on smaller hit to domestic demand

TOKYO (Reuters) -Japan’s economy shrank at a slower-than-initially reported pace in the first quarter, on smaller cuts to plant and equipment spending, but the coronavirus pandemic still dealt a huge blow to overall demand.FILE PHOTO: A shopper wearing a protective

Rethinking government debt

“It will cost us dearly,” said US President Joe Biden when he announced earlier this month his proposed American Rescue Plan, which has a price tag of US$1.9 trillion (S$2.5 trillion). This will come on the heels of the US$920

Trump touted the economy; the economy voted for Biden

WASHINGTON (Reuters) – U.S. President Donald Trump leaned on economic arguments in his reelection bid. The economy favored Democratic challenger Joe Biden.FILE PHOTO: A combination picture shows U.S. President Donald Trump pumping his fist during a campaign event at Capital

Singapore likely to take longer to recover from Covid-19

Singapore’s economy is likely to take longer to recover from the Covid-19 crisis than it did in past recessions, the Monetary Authority of Singapore (MAS) said yesterday. Part of the reason is a drop in earnings for businesses and lower

France suffers record GDP plunge: Coronavirus live updates

France’s economy contracted by a record 13.8 percent in the second quarter under the impact of coronavirus lockdowns. Spain reported a second day of 1,000-plus coronavirus infections, the highest since the nation lifted its lockdown in June. Libya’s United Nations-recognised