Economic recovery

Global youth unemployment is at its lowest level for 15 years, the United Nations said on Monday, though not all regions have yet recovered from the COVID-19 slump.

The number of 15- to 24-year-olds who are not in employment, education or training (NEET) is concerning, the U.N.'s labor agency said, adding that the post-COVID-19 pandemic recovery has not been universal in all regions.

China's central bank yesterday cut a key benchmark lending rate used to price mortgages, as Beijing seeks to rescue its housing market from a deepening crisis and boost flagging growth in the country's economy.

China's factory output and retail sales remained weak in May, official data showed yesterday, with tepid demand and lingering COVID restrictions putting a damper on growth in the world's second-largest economy.    

Prime Minister Florin Citu says that Romania has "the quickest economic recovery in history", as a response to the greatest crisis of the last hundred years, during the first trimester of 2021 our country recording an economic growth of 2.8%. "I promised, I did. Romania's economy has gone up by 2.8% during the first trimester of 2021. Congratulations, Romanians!

 Instability may put an end to the economic recovery process, argue the heads of business federations

By Dimitra Manifava

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