Robert and Kim Kiyosaki People have been leaving big cities for safer areas, but is it time they leave the US? Watch this interview as Andrew discusses going where you’re treated best, getting a second passport.
The swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have plunged the global economy into a severe contraction. According to World Bank forecasts, the global economy will shrink by 5.2% this year.1 That would represent the deepest recession since the Second World War, with the largest fraction of economies experiencing declines in per capita output since 1870, the World Bank says in its June 2021 Global Economic Prospects.
Djibouti pursues its ambitious growth projects in 2021 Monday, 01 February 2021 10:25
(Ecofin Agency) - In spite of the particularly challenging international economic situation arising from the health crisis, the Republic of Djibouti has entered the year 2021 with determination. According to the World Bank s Global Economic Prospects report, Djibouti is expected to experience the strongest GDP growth in Africa this year with a projected rate of 7.1%.
This outlook is by no means coincidental. Lacking natural wealth, exposed to a demanding and arid environment, Djibouti has been able to build on its main asset: its geostrategic location at the entrance to the Bab-el-Mandeb Strait, at the intersection of major global shipping routes, used by a mega ship every 25 minutes.
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In spite of the particularly challenging international economic situation arising from the health crisis, the Republic of Djibouti has entered the year 2021 with determination.
According to the World Bank’s Global Economic Prospects report, Djibouti is expected to experience the strongest GDP growth in Africa this year with a projected rate of 7.1%. This outlook is by no means coincidental. Lacking natural wealth, exposed to a demanding and arid environment, Djibouti has been able to build on its main asset: its geostrategic location at the entrance to the Bab-el-Mandeb Strait, at the intersection of major global shipping routes, used by a mega ship every 25 minutes.
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Kenya in first recession since at least 2000
As measures introduced by the East African state to slow the spread of the Covid-19 pandemic continued to hurt output.
By Helen Nyambura and David Herbling, Bloomberg
28 Jan 2021 10:36
Image: Fredrik Lerneryd/Bloomberg
Kenya slid into a recession for the first time in at least two decades in the third quarter of 2020 as measures introduced by the East African state to slow the spread of the Covid-19 pandemic continued to hurt output.
Gross domestic product in East Africaâs biggest economy fell 1.1% compared with a year earlier, after shrinking a revised 5.5% in the second quarter, the Kenya National Bureau of Statistics said Thursday by email. The outcome matched median of three economistsâ estimates in a Bloomberg survey.
Kenya Economy Slumps Into Recession on Third Quarter Contraction
Helen Nyambura and David Herbling, Bloomberg News Street vendors sell second-hand clothing along a shopping precinct in downtown Nairobi, Kenya, on Saturday, Dec. 5, 2020. Kenya is seeking a loan of as much as $2.3 billion from the International Monetary Fund under the lenderâs extended fund facility. Photographer: Fredrik Lerneryd/Bloomberg , Bloomberg
(Bloomberg) Kenya slid into a recession for the first time after the economy contracted for a second straight quarter as measures introduced by the East African state to slow the spread of the Covid-19 pandemic continued to hurt output.
Gross domestic product fell 1.1% during the quarter July through September, compared with a year earlier, after shrinking a revised 5.5% in the previous three months, the Kenya National Bureau of Statistics said Thursday by email. The outcome was in line with the median of th