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UN foresees global economy to contract 0.9% in 2020

April 1, 2020

 The global economy could shrink 0.9% this year due to the coronavirus pandemic, the UN Department of Economic and Social Affairs (UN DESA) said on Wednesday. The world output could contract further if imposed restrictions on economic activities extend to the third quarter, and fiscal responses fail to support income and consumer spending, the UN […]

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Turkish stocks down at closing session

April 1, 2020

 Turkey’s benchmark stock index closed the day at 89,085.13 points on Wednesday, down 0.62% from the previous close. Borsa Istanbul’s BIST 100 index started the day at 88,285.81 points. As of the daily close, it dropped 558.58 points from Tuesday’s close of 89,643.71 points. The price of one ounce of gold was $1,599.00 by market […]

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UPDATE – Turkish stocks down at closing session

April 1, 2020

 Turkey’s benchmark stock index closed the day at 89,085.13 points on Wednesday, down 0.62% from the previous close. Borsa Istanbul’s BIST 100 index started the day at 88,285.81 points. As of the daily close, it dropped 558.58 points from Tuesday’s close of 89,643.71 points. During midweek trading, the BIST 100 hovered between 87,888.61 points and […]

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UPDATE – Turkey’s unemployment rate at 13.7% in 2019

March 20, 2020

Turkey’s unemployment rate stood at 13.7% in 2019, the country’s statistical authority said on Friday.The figure marked a 2.7% rise compared to the previous year.According to the Turkish Statistical Institute (TurkStat), the number of unemployed aged …

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White extremism under Trump presidency rises 55%: Study

March 19, 2020

White nationalist groups in the U.S. have increased 55% since 2017 due to the “fear of demographic change,” according to a recent study by an American nonprofit legal advocacy group specializing in civil rights and public interest litigation.The South…

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Turkey’s economic growth to exceed expectations in Q1

March 19, 2020

Turkey’s economic growth will exceed expectations in the first quarter with a slight slowdown in March due to the coronavirus outbreak, the country’s finance minister said Thursday.“Turkey prioritizes measures to keep a solid economy in line with 2020…

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US economy has ‘fallen into a recession’: Top economist

March 19, 2020

Bank of America’s chief economist warned clients Thursday that the U.S. is now in “a recession,” according to a media report.The CNBC network said Michelle Meyer wrote in a letter that the U.S. economy is in a “deep plunge” amid the coronavirus outbre…

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Turkey’s Borsa Istanbul down at Thursday’s close

March 19, 2020

Turkey’s benchmark stock index on Thursday closed at 85,195.39 points, dropping 0.45% from the previous close.Borsa Istanbul’s BIST 100 index started the day at 84,940.28 points. As of the daily close, it had lost 381.22 points from Wednesday’s close …

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