Coronavirus Recession
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COVID-19 pandemic, low energy prices leave Alberta with $24.2B deficitThe red ink Finance Minister Travis Toews is predicting for 2020-21 is more than triple what the United Conservative government projected in its February budget.EconomyAug 27, 2020
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Thursday’s fiscal update will unveil ‘biggest deficit in the history of Alberta’: KenneyThe province is set to release Alberta's first-quarter fiscal update later this week, which Premier Jason Kenney said will likely show the largest deterioration of Alberta's finances since at least the 1930s.PoliticsAug 25, 2020
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Global economic pain by COVID-19 far from over even without 2nd wave, report warnsIn the best-case scenario, if there is no second wave of infections, the agency forecast a global drop in economic output of 6% this year, and a rise of 2.8% next year.WorldJun 10, 2020
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Global economic downturn from COVID-19 could be worse than first projected: IMFThe head of the International Monetary Fund said recent economic data for many countries was coming in below the fund's already pessimistic forecast for a 3% contraction in 2020.WorldMay 9, 2020
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Canada has slipped into recession due to COVID-19, C.D. Howe council saysIn a report released Friday, the council said the economy peaked in February before the steps taken to slow the spread of the coronavirus brought the economy to a standstill.CanadaMay 1, 2020
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Coronavirus: Asian economic growth will halt for first time in 60 years, IMF warnsThe IMF expects a 7.6% expansion in Asian economic growth next year on the assumption that containment policies succeed, but added the outlook was highly uncertain.WorldApr 16, 2020
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Coronavirus: IMF says world recession will be ‘way worse’ than 2008 crisisThe IMF's managing director, Kristalina Georgieva called on advanced economies to step up their efforts to help emerging markets and developing countries survive the economic and health impact of the pandemic.WorldApr 3, 2020
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Global economy has entered a recession amid coronavirus pandemic, says IMF headThe head of the International Monetary Fund said she believed not only the United States but many other advanced economies and a number of developing countries had already entered downturns.EconomyMar 27, 2020
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Coronavirus recession: B.C. economy could shrink 7-12%, analyst warns"Both those numbers would be unprecedented," said Business Council of B.C. president Jock Finlayson.EconomyMar 24, 2020
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Coronavirus: Unions brace for layoffs at airlines, hotels and casinosThe hotel sector has already seen significant layoffs with airlines expected to announce job cuts soon.MoneyMar 16, 2020
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