economic recovery

BoJ to offer brighter view of economy, exports

Tokyo - Arab Today

The Bank of Japan (BoJ) is expected to offer a more upbeat view of the economy at this month’s rate review than it did last month, sources familiar with the matter said, as robust exports and factory output support recovery in the world’s third-largest economy. But the central bank will stress its resolve to maintain its massive monetary stimulus, asRead more

US new home sales rise in January

Washington - Arab Today

Sales of new US homes started the year on an upswing, with buyers in the Northeast snapping up the largest number of houses in nine years, the Commerce Department reported Friday. Purchases of new single-family homes have been rising steadily since 2012 and the new data confirmed the upward trend in the sector, along with tightening supply. Housing has beenRead more

Record unemployment in Brazil

Rio De Janeio - Arab Today

Brazil’s unemployment rate hit a new record high of 12.6 percent between November and January, official data showed Friday, despite government assertions of economic recovery. That meant 12.9 million out of work, deepening the sense of crisis for ordinary people in Latin America’s biggest country after two years of recession. At nearly 13 million jobless that is a 34.3 percentRead more

African Bank Grants Tunisia €180m Loan

Tunis - QNA

The African Development Bank Group (AfDB) has approved a loan of EUR 180 million for the reduction of regional disparities in Tunisia, state news agency TAP reported, citing a bank statement. The loan, which is the first phase of a programmatic budget support, is part of the Economic Recovery and Inclusive Development Support Program (PADRI). It will stimulate regional developmentRead more

Commentary: Implementation of G20 consensus vital for global economic recovery

Beijing - XINHUA

Facing the lingering global economic slump, the world's 20 major economies ushered in a new opportunity for economic recovery Monday when they concluded a summit in the eastern Chinese city of Hangzhou. After their two-day meeting, which bears the theme of "Toward an Innovative, Invigorated, Interconnected and Inclusive World Economy," leaders of the Group of 20 (G20) adopted a communique,Read more