Barack Obama's childhood home is for sale in Hawaii for $ 2 million
A modest mansion in Hawaii, where Barack Obama lived with his mother and grandmother, is for sale for $ 2.2 million, writes Forbes. In the house, which is located on…

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Abu Dhabi to build 28,000 homes and apartments by 2023
The interest of foreigners in the capital of the UAE will grow thanks to" Golden visas " and the ability to buy real estate in full ownership, according to the…

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Knight Frank named the most prosperous cities in the world
International consulting company Knight Frank has prepared a report City Wellbeing Index 2020. Analysts measured the quality of life in 40 cities around the world. Knight Frank experts have developed…

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Rating Agency S&P predicted a global recession

The world economy this year will be in recession for the first time since 2009, writes S&P Global Ratings.

The rating Agency S&P Global Ratings released a report “global recession here and now”. Experts predict that the world economy will be in recession in 2020 due to the coronavirus pandemic. Global GDP growth will be only 1-1. 5%, the Agency predicted.

China’s economy has suffered much more damage than previously thought, despite showing “uncertain” stabilization, s&p said. Industrial production in the country decreased in January-February by 12.3% compared to the same period last year. This is four times higher than the forecasts made. There are risks of re-infecting people, which also delays economic recovery. According to the company’s forecast, China’s GDP growth will be 2.7-3.2% in 2020.

In Europe and the US, a “collapse in demand” will also sharply reduce activity in the second quarter, s&p said. Economic activity will begin to recover this year, but not immediately. EURO zone GDP will shrink to 0.5-1%, and the US to 0-0. 5% in 2020, s&p expects.

“Markets have gone into free fall and volatility has reached levels last seen during the global financial crisis. Shares fell by double-digit percentages. Markets have begun to take into account the effects of COVID-19 on growth, profits and loans. ( … ) Credit spreads were the widest in more than a decade, ” s&p writes.

Investment Bank Morgan Stanley also predicted a global economic recession in 2020. According to his forecast, the global economy will grow by only 0.9%.

In new York, large brokerage companies acquire smaller firms
Mergers and acquisitions are the most significant trend in the new York real estate market, writes Forbes. Amid the panic, big players are buying up small companies. In new York,…

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Spanish villages are ready to pay for those who want to move
In Spain, several programs and initiatives have been launched in recent years to attract new residents to the country's villages. They can be offered a guaranteed job, a home, and…

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Abu Dhabi to build 28,000 homes and apartments by 2023
The interest of foreigners in the capital of the UAE will grow thanks to" Golden visas " and the ability to buy real estate in full ownership, according to the…

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Brokers in the US sell homes during the pandemic
Online deals, masked realtors and keeping a social distance are how the American real estate market is adapting to new conditions, the Washington Post reports. American States have different approaches…

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