Photo: BBC
Heavy Rains In China's Jiangxi Cause Economic Loss Of 2.65 Billion Yuan
Severe rain and floods afflicted more than 1.1 million individuals in China's Jiangxi province between May 28 and June 10. After wrecking crops and residences, the inclement weather resulted in significant economic damage of 2.65 billion yuan. During this time, around 83,000 residents were evacuated. From June 12 to 14, rainfall is expected to sweep over Jiangxi, bringing torrential downpours in certain areas, according to the meteorological… read-more
Tags: China, heavy rains, ECONOMIC DISTRESS, Jiangxi province, Meteorological Department
Courtesy: ANI
Photo: The Telegraph
Afghanistan Faces Economic Woes Since Taliban Took Over
Afghanistan is reported to be facing economic hardships ever since the Taliban took over. Furthermore, agriculture and services sector declined due to drought and increasing insecurity. Also, over 1 million children faced malnutrition and some even starved to death. The people were subjected to outbreak of diseases like measles and polio. Report, over 2,000 hospitals and clinics were forced to close due to shortage of funds.
Tags: Afghanistan, Polio, ECONOMIC DISTRESS, malnutrition, World Economic Forum
Courtesy: ANI
Photo: Outlook India
Govt Data Reveals April 2021 Lockdown Initiated Economic Slowdown
Citing government data, financial experts hinted that India is facing economic distress from April 2021, due to lockdown. Analysing the retail activity and road congestion, Indian economist Abhishek Gupta highlighted the economic slowdown till May 16. Abhishek said that the continuous economic distress will surely reflect in the GDP. Reportedly, recent data highlighted rise in input costs in business with decline in exports, imports and… read-more
Tags: coronavirus lockdown, ECONOMIC DISTRESS, Exports, business
Courtesy: The Print
