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Unemployment, ,
Published 26.06.2020 15:45
China has canceled interest free loans to African States.
Chinese President Xi Jinping has announced that the country will cancel its interest-free loans to African countries that are due to mature by the end of 2020 in a bid to support the continent during the Covid-19 pandemic. He further added that countries that were hardest hit by the pandemic…
Published 27.05.2020 13:05
The European Union unveiled a €750-billion unprecedented recovery plan.
This pots-coronavirus fund will include €500 billion given to member states through grants and €250 billion given via loans.  The announcement came days after France and Germany presented a joint plan calling for the creation of a €500-billion recovery fund. This stimulus package is part of the multiannual financial framework…
Published 24.05.2020 08:01
In Montenegro, the government allowed deferment of tax payments during the pandemic.
The tax-relief due to the health crisis includes measures for the deferral of payments of individual income tax and social security contributions. In addition, the tax authorities extended the deadline for filing financial statements and corporate income tax returns from 31 March 2020 to April 15, 2020.
Published 05.05.2020 18:33
In Japan, the Bank of Japan expanded monetary stimulus on April 27.
It pledged to buy unlimited amounts of bonds to keep borrowing costs low as the Japanese government tries to mitigate Covid-19’s economic impacts. The central bank also said it would buy government bonds and short-term securities actively to keep markets stable.
Published 05.05.2020 15:32
South Korean president Moon unveiled an increase in spending to deal with the pandemic to almost $200 billion.
The government on April 22 committed a further $70 billion in stimulus and support measures for the country’s worst-hit industries, small businesses and workers, adding to the $120 billion that previously announced.
Published 27.04.2020 19:08
South African President announces R500-billion Covid-19 package to be injected into the economy.
The funding will come from internal sources, such as the Unemployment Insurance Fund. The R500-billion which is equivalent to roughly US $26.3 billion makes up 10% of the national gross domestic product (GDP) of the country. It will finance health interventions, an increase in social grants for the poor and…
Published 27.04.2020 17:49
In Thailand, the Thai cabinet approved $3 billion in relief measures to help mitigate the impact of the outbreak.
The number of workers who can receive cash handouts will be increased from 9 million to 14 million. Each worker receives $462 (15,000 baht).
Published 27.04.2020 07:36
In Japan, the government approved a $990 billion stimulus package.
This aid budget is equal to 20 percent of the country’s economic output. The authorities introduced the aid plan to provide universal cash handouts of ¥100,000 (around  $930) per every individual in Japan. The country has also announced the state of emergency, which allows the authorities to ask people to…
Published 26.04.2020 21:38
Spain is discussing universal basic income to cope with the coronavirus economic crisis.
The government officials said the measure will only apply to part of the population which is struggling. Spanish daily El Pais said, citing unnamed government sources, the plan is to introduce a monthly basic income of €440. However, as in 2019 the country’s state deficit was around 97 percent, it…
Published 26.04.2020 21:17
In Kenya, president and top government officials announced pay cuts.
The president and his deputy will take an 80 percent cut of their salaries, while their ministers and their assistants will take cuts ranging from 20 to 30 percent. In addition, Kenya Airways CEO and senior management including board members will have their salaries reduced to up to 80 percent.

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