Janet Yellen says “Shocking” Job Numbers To Get Worse
*CNBC Transcript: Former Federal Reserve Chair Janet Yellen Speaks with CNBC’s “Squawk on the Street” Today on [coronavirus](https://www.valuewalk.com/china-coronavirus/)‘s effect on GDP and the employment rate\.*WHEN: Today, Monday, April 6, 2020WHERE: CNBC’s “Squawk on the Street”Q1 2020 hedge fund letters, conferences and moreFormer Fed chair Janet Yellen On Coronavirus's effect on GDP and the employment rateAll references must be sourced to CNBC.SARA EISEN: We are joined now by a very special guest, the Former Federal Reserve Chair, Janet Yellen in a CNBC Exclusive. Chair Yellen joining us...
ADB: Azerbaijan’s state budget deficit to reach 3.4 percent of GDP
By Ofeliya AfandiyevaAsian Development Bank (ADB) forecasts a deficit of the state budget of Azerbaijan in 2020 at the level of 3.4 percent of GDP, local media reported citing Asian Development Outlook 2020 released publication in April.“The deficit of the state budget of Azerbaijan, including transfers from the State Oil Fund of the Republic of Azerbaijan (SOFAZ), will rise to 3.4 percent of GDP in 2020 (0.25 percent of GDP in 2019), as rising social spending and public investment increase total spending by 10.2 percent,” the statement said.At the same time, according to estimates of ADB anal...
Public procurement: COVID-19’s impact for TZ gov’t contracts
Africa’s gross domestic product (GDP) in 2020 will likely reduce by 3 to 8 percentage points (Jayaram, K., Leke, A., et al. “Tackling COVID-19 in Africa: An unfolding health and economic crisis that demands bold action.” McKinsey & Company, April 2020). Public procurement—that is, the purchase of goods, services and works by governments—contributes circa 14.9 percent of GDP in Sub-Saharan Africa, according to World Bank data.The activity has not been spared by the ongoing COVID-19 pandemic. This is not to say that government contracts have been robotically suspended. Nevertheless, because of t...
New economic measures to ease virus impact worth 10% of GDP
Thailand’s new package of economic measures will be worth about 10% of its gross domestic product (GDP) to mitigate the impact of the coronavirus outbreak, Deputy Prime Minister Somkid Jatusripitak said on Friday.The package, discussed at a special cabinet meeting, will cover all economic sectors, the minister told a news conference.Thailand has reported 1,978 cases and 19 deathsbecause of the coronavirus.
The Bangkok Post
［ワシントン ２日 ロイター］ - 米議会予算局（ＣＢＯ）は２日公表した最新の経済見通しで、新型コロ...
CAERC talks Azerbaijan’s major anti-crisis program
By TrendAzerbaijan’s anti-crisis program is ambitious enough and large-scale compared to other countries, Trendreports referring to Azerbaijan’s Center for Analysis of Economic Reforms and Communication (CAERC) Executive Director Vusal Gasimli.“Azerbaijan’s anti-crisis program is 2.5 billion manat, which is 3.1 percent of gross domestic product (GDP). For comparison, the Georgian government received a package of assistance in the amount of 1 billion Georgian lari, or 2 percent of the country’s GDP. Russia received a package of assistance in the amount of 300 billion rubles, which is 0.3 percen...
BoT says GDP to shrink until next year
The economy is expected to contract every quarter this year, with the nadir in the second quarter, according to a senior official at the Bank of Thailand.The contraction should narrow in the third and fourth quarters before turning around next year, said Don Nakornthab, senior director of the economic and policy department at the central bank.The forecast assumes that the coronavirus spread will be contained in the second quarter and there will be no foreign tourist arrivals for three months through June because of lockdown measures globally to control movement, he said.There were only 1,600 f...
The Bangkok Post
［ローマ／ミラノ ３１日 ロイター］ - イタリアの経済団体、イタリア産業総連盟（コンフィンドゥスト...