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ISRAEL AT WAR - DAY 368

recession

Illustrative: Bernard Madoff, right, leaves US District Court in Manhattan, New York, after a bail hearing, January 5, 2009. (AP Photo/Kathy Willens, File)
June 4, 2021, 3:28 am
Before dying, Bernie Madoff lifted veil on the biggest Ponzi scheme in history
Business radio personality Jim Campbell releases ‘Madoff Talks,’ which covers 9 years of revealing interviews with the financial mastermind – up to his death in April behind bars
By Rich Tenorio
In this photo taken on July 18, 2020, a man waits for the start of a video projection in the "Cour d'Honneur du Palais des Papes" in Avignon, southern France. (CLEMENT MAHOUDEAU/AFP)
August 17, 2020, 12:06 pm
Coronavirus pushes world’s leading economies into record slumps
Second-quarter contractions show recessions in all major economies except China; eurozone, Israel’s major trading partner, sees GDP plunge 12.1% in three months
By AFP
A man takes his lunch on a terrace at a restaurant, in Paris, June 15, 2020. (AP Photo/Francois Mori)
July 31, 2020, 12:18 pm
Economies of France, Italy and Spain take major hits from coronavirus
Three European countries report sharp contractions in second quarter as lockdown measures wipe out years of growth
By John Leicester and David McHugh
Two women walk past a closed pizza deli in Cleveland, Ohio, June 4, 2020. (AP/Tony Dejak)
June 10, 2020, 4:20 pm
OECD predicts ‘severe and long-lasting’ economic damage, even without 2nd wave
Crisis has forced hundreds of millions out of work, hitting young and poor the hardest, report says, with global output to contract 6% this year in best-case scenario
By AP
Members of a privately funded non-governmental organization working with county officials disinfect a street in the Kibera slum of Nairobi, Kenya, April 9, 2020. (AP/Brian Inganga)
April 21, 2020, 2:42 pm
Pandemic set to crush developing economies, Israel’s World Bank envoy says
Poorer countries rocked by plummeting commodity prices, drop in remittances, skyrocketing debt and weak safety nets, with dire consequences for global public
By Luke Tress
Pedestrians are reflected in a quotation board of the Tokyo Stock Exchange in Tokyo on April 8, 2020. (Kazuhiro NOGI / AFP)
April 9, 2020, 7:30 pm
World faces potential new ‘Great Depression’ as virus toll mounts
Global bodies warn of catastrophic economic fallout from pandemic, with Italy’s leader suggesting future of EU is at stake
By AFP
People wait in line for help with unemployment benefits at the One-Stop Career Center in Las Vegas, March 17, 2020. (AP Photo/John Locher, File)
March 26, 2020, 6:26 pm
US jobless claims hit 3.3 million, quadrupling previous record
As American job losses mount, some economists say national unemployment rate could approach 13% by May
By CHRISTOPHER RUGABER
US President Donald Trump speaks during a press briefing with the coronavirus task force, in the Brady press briefing room at the White House, in Washington, March 16, 2020. (Evan Vucci/AP)
March 16, 2020, 11:33 pm
US tells older people to stay home, all ages to avoid crowds
Trump acknowledges pandemic may send the US economy into a recession, suggests nation may be dealing with the coronavirus until ‘July or August’
By Jonathan Lemire, Andrew Taylor and Jill Colvin
Illustrative photo of a board showing stock fluctuations at the Tel Aviv stock exchange (photo credit: Moshe Shai/Flash90)
October 11, 2015, 6:16 pm
Moody’s: Israel’s economy rocked by recession, politics
The worldwide slowdown in spending and a calcified political process have helped contribute to a slowdown in Israel’s economy – but things could be better soon
By David Shamah
A broker at the Tel Aviv Stock Exchange (photo credit: Moshe Shai/Flash90)
From the WebFebruary 16, 2015, 7:53 pm
Israel economy surges 7.2 percent in Q4, fastest pace since 2007
Reuters: The economic slowdown caused by Operation Protective Edge proved to be very temporary
An ultra-Orthodox woman waits for food before the Sukkot holidays in the Mea Shearim market in Jerusalem. (photo credit: Serge Attal / Flash 90
October 29, 2014, 7:21 pm
Israel has 4th-highest child poverty rate in developed world — UNICEF
Report attributes marginal worsening of situation to cuts in government allowances to parents
By Tamar Pileggi
Illustrative photo of a woman shopping for produce in a supermarket. (Abir Sultan/Flash90)
From the WebOctober 29, 2014, 2:56 pm
Israeli deflation not a big concern, aids consumers – official
Reuters: Prices went down a bit last month – and Israelis should be glad, not worried, said a top Bank of Israel official
A client seeks work at an unemployment office in Jerusalem (Photo by Yossi Zamir/Flash90)
August 18, 2014, 12:37 pm
Global economy, not war with Hamas, hits Israeli IT
Israeli tech industry weathered Gaza war just fine, poll shows; it’s the global economy threatening the sector
By David Shamah
Bank Leumi (photo credit: Shmuel Bar-Am)
From the WebJune 29, 2014, 7:50 pm
Stress test finds Israel banking system stability safe from recession
Reuters: Even if business dries up significantly, the country’s financial institutions should be able to handle the strain
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