Page 5 - Global Economic Crisis

Covid-19 crisis: World Bank to rescue with $160-billion aid to 100 nations

'Covid, shutdown may push as many as 60 mn people into extreme poverty'

Global merchandise trade volumes likely to nosedive in H1, says WTO

The global body's goods trade barometer (GTB) on Wednesday hinted at further weakening of trade volumes in H2CY20.

Covid-19 crisis: Warren Buffett cuts crisis-era bet on Goldman Sachs

Berkshire Hathaway sold 84 per cent of its Goldman Sachs stock in the first quarter, marking a reversal for an investor who generally holds large stakes in the banking sector.

WTO reforms have to factor in interests of all, says Suresh Prabhu

"WTO's reforms have to take into account the interests of all members. It has to come out with a forward-looking agenda in an inclusive manner," Prabhu said

Coronavirus outbreak to leave a legacy of unprecedented global debt

Central banks and govts worldwide have unleashed at least $15 trillion of stimulus via bond-buying and budget spending to cushion the blow of a global recession tipped to be the worst since the 1930s.

Calls for debt monetisation gain traction as Covid-19 cripples economy

Coronavirus has snuffed out lives of more than 2,100 people and infected nearly 63,000 in India

Amidst the gloom and doom, the market's exuberance is confounding

For the sake of context, the financial crisis of 2008 had seen the S&P 500 fall by more than 50 per cent from its peak

Covid pandemic could fuel fresh interest in diaspora bonds: World Bank

World Bank officials warned that developing economies could suffer close to 3% decline in economic output

World economy faces steepest contraction; recovery U-shaped: Economists

In a Reuters poll, more than 55% or 87 of 155 economists said the global economic recovery would be U-shaped

Covid-19 pandemic may trigger worst downturn since Great Depression: UN

Both middle-income countries, with 75 per cent of the world's population and 62 per cent of the world's poor, are also highly vulnerable to a debt crisis, said UN Secretary-General Antonio Guterres

Can use full $1-trillion war chest for coronavirus outbreak, says IMF

In view of coronavirus crisis, the spring meeting is being held virtually-- the first one in the history of IMF and the World Bank.

Covid-19: Poor countries staring at a debt crisis, says UN report

Many workers in the gig economy, dominated by service sector start-ups, are poorly protected against income losses in a recession

Global trade likely to fall by 13-32% in 2020 amid Covid-19 outbreak: WTO

Drop in world commerce might be biggest since the Great Depression

Covid-19 worst crisis since WWII, no parallels in recent past, says UN head

Guterres called for a much stronger and more effective global response to the coronavirus pandemic and to the social and economic devastation that COVID-19 is causing

Coronavirus impact: India and China may escape global recession, says UN

With two-thirds of the world's population living in developing countries facing unprecedented economic damage from the Covid-19 crisis, the UN is calling for a $2.5 trillion a rescue package

Exceptional crisis, exceptional responses

Exceptional circumstances are sometimes the catalyst for exceptional leaders to emerge; they can also be extremely harsh for those who fail the leadership test.

Stresses, known and unknown

Global financial market stress driving market volatility; economic impact of coronavirus and drop in oil prices remain uncertain

Policy after COVID-19

Globally, economic policy could soon be in uncharted territory

That 1970s feeling

Next global recession could be around the corner and it may look a lot different from those that began in 2001 and 2008

There's no emerging market debt threat

It's good to be warned and to be prudent in managing debt. But are EMDEs really going on a debt binge that could hurt the global economy?