News Source: Gulfnews.com
| 2 months ago
The US economy shrank 1 per cent in the second quarter compared with the prior three months. The drop in GDP was the fourth in a row, the longest contraction since quarterly records began in 1947. The world's largest economy has shrunk 3.9 per cent...
News Source: Independent
| 2 months ago
The global economic downturn has probably hit bottom though the recovery will be "slow and painful," said Paul Krugman (right), the Nobel Prize-winning economist. "The end of the world appears to have been postponed," Mr Krugman, a professor at...