Real estate agencies in Bulgaria will receive clients from Tranio
International real estate broker Tranio gives partners-agencies from Bulgaria preferential terms of cooperation: Agency partners place their objects in the Tranio catalog for free. Agencies work directly with the client.…

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Us exchanges experienced the largest drop since 1987
Us stock exchanges closed on March 16 with a record fall for the second time in a week, CNN reports. This is the largest drop in 33 years since "black…

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The US Federal reserve lowered its base rate to almost zero
The us regulator is taking measures to protect the economy from the effects of coronavirus. The us Federal reserve, which serves as the country's Central Bank, cut its benchmark interest…

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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%.

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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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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International companies invest in Greece
More and more companies with an international name and reputation are investing in Greece, writes Ekathimerini. The government of the country seeks to simplify the conduct of business and facilitate…

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Named the best universities in the world
The global analytical Agency QS has published an annual ranking of the best universities in the world. The rankings are based on the analysis of six indicators: academic reputation of…

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