EU’s Gentiloni: Each month of lockdown in causes a 3% annual GDP slump

The European Union (EU) Economic Commissioner Paolo Gentiloni said on Thursday, each month of lockdown in Italy causes a 3% annual GDP slump.

He said that there's no discussion about an Italian bailout.

Apr 2, 2020

Germany’s KfW: Economy to shrink by 10-15% in Q2

Germany’s KfW state development bank said on Thursday, the economy is likely to contract by 10% to 15% in Q2 2020, as the coronavirus outbreak placed

Ottawa pledges $71 billion to pay 75% of wages up to $847 per week for workers in hard-hit industries. Canadian Minister Morneau confirmed details of