Page 36 - Global Economy
Singapore's economy to return to growth in 2021 after worst slump
Analysts expected a 5.4% contraction, according to the median of 10 forecasts
 "Singapore's economy to return to growth in 2021 after worst slump")
G20 determined to use all tools to contain pandemic, save jobs, incomes
A final joint statement will be released by leaders from the United States, China and other Group of 20 nations after they meet by video conference on Saturday
 "G20 determined to use all tools to contain pandemic, save jobs, incomes")
World Coronavirus Dispatch: Global leaders warn recovery losing momentum
New York City's public school system will be shut and this time it may take months for reopening. Finland's prime minister warns populists will prosper if Covid-19 is not checked
 "World Coronavirus Dispatch: Global leaders warn recovery losing momentum")
Cryptos may outrun other asset classes over 2 yrs; be mindful of the risk
Cryptos have been big gainers in times of trouble. In that sense, cryptos are like gold; havens during uncertainty.
 "Cryptos may outrun other asset classes over 2 yrs; be mindful of the risk")
US economy could shrink as coronavirus surges: Fed Reserve Bank Prez Kaplan
Dallas Federal Reserve Bank President Robert Kaplan said the economy could shrink this quarter as consumers in more states and cities pull back from economic activity amid the record coronavirus surge
 "US economy could shrink as coronavirus surges: Fed Reserve Bank Prez Kaplan")
Covid-19 pandemic shakes up world's most expensive city list: Report
The changes are especially marked this time around, with the report doubling as an assessment of the impact of the Covid-19 pandemic on prices around the world.
 "Covid-19 pandemic shakes up world's most expensive city list: Report")
Go risk-on, 'keep the faith, trust the recovery' in 2021: Morgan Stanley
In an outlook for 2021, a team including Andrew Sheets recommended investors overweight equities and corporate bonds against cash and government debt, and sell the US dollar
 "Go risk-on, 'keep the faith, trust the recovery' in 2021: Morgan Stanley")
Creo Syndicate: Secret club for billionaires who care about climate change
Creo acts like an investment bank, vetting about 300 deals per year, connecting investors with possible partners, and conducting research on technologies
 "Creo Syndicate: Secret club for billionaires who care about climate change")
China's factory output beats forecasts as Asia recovers from Covid-19 slump
China's factory output rose faster-than-expected in October and retail sales sped up, as the recovery in the world's second-largest economy from its Covid-19 slump gathered momentum
 "China's factory output beats forecasts as Asia recovers from Covid-19 slump")
Japan economy grew at fastest pace on record in 3rd quarter; outlook murky
Japan's economy grew at fastest pace on record in third quarter, rebounding sharply from biggest postwar slump, as improved exports and consumption helped it emerge from damage caused by coronavirus
 "Japan economy grew at fastest pace on record in 3rd quarter; outlook murky")
As world signs mega FTAs, India simply can't afford to turn protectionist
If India misses out on attracting some of the new global trading infrastructure, it could be locked out of several years of growth
 "As world signs mega FTAs, India simply can't afford to turn protectionist")
Post-Brexit deal talks must have breakthrough this week, say UK and Ireland
There has to be a breakthrough this week in talks for a post-Brexit trade agreement, British and Irish ministers said, ahead of the December 31 expiry of Britain's transition period for leaving
 "Post-Brexit deal talks must have breakthrough this week, say UK and Ireland")
A vaccine won't derail the easy money train
Vaccine breakthroughs are great. But the vaccine itself has to be distributed and have a demonstrable effect on activity for central banks to be convinced it's time to consider letting up
US labour market gradually healing; weekly jobless claims at 7-month low
The number of Americans filing new unemployment benefits claims fell to a seven-month low last week, but the pace of decline has slowed and further improvement could be limited by a raging pandemic
 "US labour market gradually healing; weekly jobless claims at 7-month low")
Covid shock vs global financial crisis
The pandemic is not as bad as the 2008-09 global downturn
 "Covid shock vs global financial crisis")
World's central banks are now begging govts to power economic rebound
Without aggressive fiscal stimulus now, economies may develop deep scars that hobble growth over the longer term. That could then leave central banks unable to prepare for the next shock or recession
 "World's central banks are now begging govts to power economic rebound")
In calls with world leaders, Biden emphasises on a secure Indo-Pacific
US President-elect Joe Biden in phone calls with the leaders of Australia, Japan and South Korea emphasised on maintaining a secure and prosperous Indo-Pacific region
 "In calls with world leaders, Biden emphasises on a secure Indo-Pacific")
UK tries to reassure business leaders over Brexit with new taskforce
Britain will attempt to reassure business leaders it appreciates need for clarity on rules outside of the EU by setting up a task force to discuss challenges 50 days before the transition period ends
 "UK tries to reassure business leaders over Brexit with new taskforce")
What to expect from Biden Presidency? Economic ties to remain a challenge
Even as US President-elect Biden makes his first moves towards the White House without a concession from incumbent Trump, Harsh Pant assesses the real import of the choice American voters have made.
 "What to expect from Biden Presidency? Economic ties to remain a challenge")
Global economy to remain in tenuous position in 2021, says Moody's
Social issues will attract further prominence in 2021 in public policies, corporate strategies and investment decisions
 "Global economy to remain in tenuous position in 2021, says Moody's")
