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Economy
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Biden, Citing ‘Economic Imperative,’ Orders Faster Relief Checks, More Food Aid
Biden said his stimulus package to address the economic effects of the pandemic has support from business, labor, Wall Street and Main Street.
Hong Kong Fourth Quarter 2020 Unemployment at 6.6%, Highest in 16 Years
The figure compared with 6.3% in the September-November period and was the highest since the last quarter of 2004 when unemployment hit 6.6%.
IMF Chief Sees ‘High Degree of Uncertainty’ in Global Outlook
The head of the International Monetary Fund on Monday said the global lender needed more resources to help heavily indebted countries, citing a highly uncertain global economic outlook and a growing divergence between rich and poor countries.
Malaysia To Roll Out Additional $3.7 Billion Stimulus Measures: PM
Banks will also extend a moratorium on loans and restructure repayment for individuals and businesses, while the government will expedite disbursement of cash aid to low income families and individuals and broaden the scope of a wage subsidy plan for employers.
China's economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-stricken 2020 in remarkably good shape and remained poised to expand further this year.
Japan Manufacturers’ Sentiment Stabilizes in Jan, Services Weaken: Reuters Tankan
Manufacturers in the world's third-biggest economy were the least pessimistic since July 2019, though the outlook, especially for services, is clouded by a pandemic state of emergency covering Tokyo and other population centers through Feb. 7.
China’s Economic Recovery To Quicken in Fourth Quarter, Herald Stronger 2021
The gross domestic product (GDP) numbers, due early on Monday, will be closely watched around the world, especially as many countries continue to grapple with the COVID-19 pandemic and China battles resurgent cases in parts of the country.