Great Recession

Capping the price of Russian oil, an approach G7 members said Friday they want to pursue "urgently," would be an unprecedented move and one which some analysts say could backfire.        

Food prices will increase by more than 50% until the new harvest, according to an economic analysis by the Bulgarian Academy of Sciences. Experts suggest government aid to producers and low-income people.

The market is facing a new round of price hikes, as everything shows, with companies declaring themselves unable to contain rising production costs.

The energy crisis is triggering another "wave" of prices rises, causing consumer dissatisfaction, and causing a reduction in purchases to what is absolutely necessary, while many are buying cheaper, lower nutritional value products.

In the studio of "Hello, Bulgaria" talkshow financier Emil Harsev and economist Stoyan Panchev commented on whether Bulgaria should expect a new leap in the prices of staples due to the appreciation of natural gas.I expect the prices to rise tby over 12 %. Harsev predicted.

By George Alogoskoufis*

With the Greek economy having been through a period of moderate recovery after 2016 and having shifted its focus toward growth reforms after the 2019 elections, in 2020 it was confronted with a major economic crisis due to the COVID-19 pandemic.

The Covid-19 pandemic has triggered an unprecedented crisis around the world, even more severe than the financial and economic crisis of 2008. This has led governments to act vigorously since spring 2020 to mitigate the effects.

Data on electricity consumption, traffic of electronically tolled vehicles, registered unemployment, business tendency and other charts

How will this novel coronavirus change world politics in the years to come? This century has seen three crises in its first two decades. The terrorist attacks of September 2001 did not kill very many people, but terrorism is like theater in which the shock of horror can create disproportionate effects on the global agenda.

Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast.

In 2020 France will undoubtedly experience its worst year of economic recession since the end of World War II. This was forecast today by Economy Minister Bruno Le Maire during a hearing in the French Senate's Committee on Economic Affairs.