Puede usar las teclas derecha/izquierda para votar el artículo.Votación:1 estrella2 estrellas3 estrellas4 estrellas5 estrellas (2 votos, promedio: 5.00 sobre 5)
LoadingLoading...

Economy

The drop in rates of the US Federal Reserve (Fed) and other economic news against the coronavirus

Madrid / Fear of the economic effect of the worldwide spread of the coronavirus has led the US Federal Reserve (Fed) to lower rates by half a point, a more concrete and forceful measure than the rest of the central banks of the G7, which have committed to use all resources to face the global threat.

The president of the Federal Reserve (Fed), Jerome Powell, warned of the “high uncertainty” generated by the outbreak of the coronavirus and said it will alter economic activity in many countries, including the US, “for some time”, by justifying the interest rate cut adopted today by the US central bank.

“The outbreak is disrupting economic activity in many countries and will surely ballast economic activity here and abroad for some time,” Powell said in a press conference called to comment on the surprise monetary stimulus decision.

For his part, the president of the World Bank (WB), David Malpass, announced the mobilization of 12,000 million dollars to help countries facing the economic and health impacts of the coronavirus.

What will the ECB do?

Some forex market analysts said investors are wondering if the coronavirus will get Germany to open the portfolio, after the commitment made by the G7.

For now, ECB President Christine Lagarde has said that the ECB is ready to “take appropriate and specific measures” to respond to the economic impact of the coronavirus.

The fluctuation band of the euro against the dollar ranged between 1.1095 and 1.1214 dollars on Tuesday.

The G7

The G7 countries (Germany, Canada, USA, France, Italy, Japan and the United Kingdom) and their Central Banks have pledged to do what they can, “including fiscal measures when appropriate”, to support economic growth and deal with the risks of the spread of the disease.

The spokeswoman of the Government and Minister of Finance of Spain, María Jesús Montero, has pointed out, however, that “there is no reason” to adopt economic measures to alleviate the coronavirus crisis, although she does not rule out applying them if the situation advises, always in coordination with the European Union.

PharmaMar shoots up

In Spain, the high of the day has been carried out by the PharmaMar biopharmaceutical, which has skyrocketed 15.3%, although it gained 22.4%, after announcing that it is testing if the Aplidin compound is effective in fighting against the coronavirus and ensure that you expect to have the results within a month.

IAG bounce

At the annual meeting of the major European airlines, convened by Airlines For Europe (A4E), the CEO of IAG, Willie Walsh, has ruled out that this crisis will affect the group’s plans for Iberia to buy Air Europa and has pointed that this crisis will surely not be a new 9/11 (terrorist attacks on the Twin Towers in New York on September 11, 2001) for the sector, since, in light of what is being seen in Asia, demand is will stabilize “in a couple of weeks.”

Italy asks for respect for its products

The Italian Foreign Minister, Luigi Di Maio, has asked that Italian products not be discriminated against and has even launched an Extraordinary Plan for the Promotion of “Made in Italy” in the event of an emergency, endowed with 716 million euros with the You want to help the companies most affected by the emergency.

SAS suspends routes

The Scandinavian Airlines Systems (SAS) airline announced the temporary suspension of its flights with Hong Kong and the reduction in the next two months of part of its routes in Europe and in Scandinavia as a result of the crisis caused by the outbreak of coronavirus, in addition to slowing down hiring, among other measures. (March 4, 2020, EFE / PracticaEspañol)

(Automatic translation)

The related video news (February 29, 2020):


Comprehension

Lee la noticia y responde a las preguntas (Read the news and answer the questions)

Congratulations - you have completed Lee la noticia y responde a las preguntas (Read the news and answer the questions). You scored %%SCORE%% out of %%TOTAL%%. Your performance has been rated as %%RATING%%
Your answers are highlighted below.
Question 1
En el texto se dice que la Fed... (It's said in  the text that Fed...)
A
bajó los tipos a causa del temor al efecto negativo del coronavirus en la economía.
B
no adoptó ninguna medida que esté relacionada con el impacto negativo del coronavirus en la economía.
C
descarta que haya incertidumbre en la economía a causa de la expansión del coronavirus.
Question 2
Según el texto... (According to the text...)
A
Lagarde aseguró que el BCE aún no está preparado para dar una respuesta al impacto económico que va a causar el coronavirus.
B
se movilizarán millones de dólares para ayudar a los países que lo necesiten, según el BM.
C
Powell desmiente que la incertidumbre creada por la expansión del coronavirus vaya a afectar a la actividad económica.
Question 3
Leyendo el texto, entendemos que el G7... (Reading to the text, we undertand that G7...)
A
anunció ayer la aprobación de unas medidas fiscales para favorecer el crecimiento económico.
B
no cree que sea necesario adoptar medidas para evitar que el coronavirus afecte negativamente a la economía.
C
anunció que está dispuesto a adoptar medidas fiscales para que continúe el crecimiento económico.
Question 4
Leyendo el texto entendemos que... (Reading to the text, we understand that...)
A
Italia lanzó un plan para promocionar sus productos nacionales a causa de la incertidumbre creada por el coronavirus.
B
ninguna de las rutas de la aerolínea SAS ha sido suspendida a causa de la expansión del coronavirus.
C
Walsh descarta que la situación se estabilice en unas semanas.
Question 5
En el vídeo se dice que... (It's said in the video that...)
A
el COVID-19 está impactando de forma negativa en empresas relacionadas con el turismo y la tecnología.
B
Microsoft desmiente que vaya a tener menos ingresos a causa de la crisis generada por el coronavirus.
C
la OMS no cree que el riesgo de expansión del coronavirus sea muy alto.
Once you are finished, click the button below. Any items you have not completed will be marked incorrect. Get Results
There are 5 questions to complete.

Vocabulary

Congratulations - you have completed . You scored %%SCORE%% out of %%TOTAL%%. Your performance has been rated as %%RATING%%
Your answers are highlighted below.
Question 1
"Encarar" es... ("Encarar" is...)
A
hacer frente a algo.
B
desentenderse.
C
evitar algo.
Question 2
Decimos que algo "lastra" la actividad económica para expresar que... (We say something "lastra" the economic activity to express that...)
A
no afecta en nada al crecimiento económico.
B
está haciendo que se acelere el crecimiento económico.
C
está frenando el crecimiento económico.
Question 3
La expresión "de momento" significa... (The expression "de momento" means...)
A
"por ahora".
B
"en otro momento".
C
"en ningún momento".
Question 4
"Paliar" es... ("Paliar" is...)
A
reducir o suavizar la intensidad de un daño.
B
endurecer algo.
C
agravar.
Question 5
La expresión "ya que" significa... (The expression "ya que" means...)
A
"puesto que".
B
"en este preciso momento".
C
"probablemente".
Once you are finished, click the button below. Any items you have not completed will be marked incorrect. Get Results
There are 5 questions to complete.

Noticias al azar