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Articles on Economic crisis

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By the end of April, 19 EU member states, including France, had approved the text paving the way for the launch of the recovery plan. Shutterstock

Why the European recovery plan funds have not yet been released

National procedures for approving the financing of the European recovery plan are delaying its implementation. But the horizon seems to be clearing.
Attendees at an event for Donald Trump on August 17, 2020. Brendan Smialowski/AFP

Fact check US: Is the US economy recovering, as Donald Trump claims?

Six months into the Covid-19 crisis, the president is boasting that the US economy is back on its feet. While the figures show that some job losses have been cut, there is little room for optimism.
People wearing face masks walk in front of a euro sign in the center of Frankfurt am Main, Germany (October 21, 2020). Yann Schreiber/AFP

Capitalism and the coronavirus crisis: the coming transformation(s)

The global economy is currently experiencing its severest contraction since the 1930s. While capitalism will survive, its fundamental structure can change at critical historical junctures.
Argentina’s president-elect, Alberto Fernández (right), with his running mate, former president and first lady Cristina Fernández de Kirchner. Reuters/Agustin Marcarian

Argentina elects new president on promises to fix economy and unify a struggling nation

Argentina has voted for change. Alberto Fernández, a 60-year-old lawyer, defeated President Mauricio Macri with a campaign emphasizing economic recovery, social inclusion and national unity.
Venezuelan President Nicolás Maduro created a new cryptocurrency called the ‘Petro’ to combat hyperinflation. Reuters/Carlos Garcia Rawlins

Is authoritarianism bad for the economy? Ask Venezuela – or Hungary or Turkey

When an elected leader turns autocratic, the economy tends to suffer. That’s because, in a functioning democracy, economic policy is made jointly, with lawmakers playing a key role.
Argentina is just one of a handful of crisis-stricken nations asking the International Monetary Fund for help. David Fernandez/EPA

The world’s economic crisis-fighting mechanisms are dangerously inadequate

Some US$4.6 trillion has been made available to stave off financial crises across the world. The problem is that much of this funding is now spoken for, and the list of stricken nations is growing.

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