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The outlook for major global housing markets was monitored at a weak level. This could be attributed to pressing factors including unemployment surge, lockdown restrictions, and low immigration over the coming year, a Reuters survey showed.
Fears of sustained housing inactivity increased in the June 9-24 global poll of more than 100 property market experts. This followed even as average home prices in surveyed countries were predicted to advance this year or next or both. Due to several pressing concerns, house prices in Australia, India, Dubai, Britain, Canada, and the United States are likely to drop in 2020 and 2021 under a worst-case scenario.
The coronavirus crisis has taken a toll on people and on the global economy, recording a total of 480,000 death cases across the globe while millions ended up jobless. It also dragged the global economy into a sharp recession with recovery seen at a much gradual pace.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
The dollar fell again on Tuesday as the U.S. economy drops into stagnation, while investors await the latest outlook from the Federal Reserve and the passage of the U.S. coronavirus fiscal stimulus. The dollar’s decline lifted gold prices ...
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