Page 38 - Global Economy

September quarter saw record global IPO activity in value terms: Report

A total of $95 billion was raised through 445 IPOs

Britain's economic recovery faltering, Bank of England to step up spending

A national lockdown earlier this year that forced businesses to close and citizens to stay home meant the UK economy contracted an historic 19.8% in the second quarter

China's economic recovery plows on as World's only major growth engine

Gross domestic product expanded 4.9 per cent in the third quarter from a year ago, missing economists' forecast for a 5.5 per cent expansion

The new orthodoxy

Developed countries may be permanently ending austerity

Second sovereign downgrade wave coming, major economies at risk: S&P Global

The rating agency has already downgraded or cut the outlooks on nearly 60 countries this year, but only relatively few have been higher-rated richer nations

IMF urges policymakers to avoid early withdrawal of support for the economy

Avoid premature withdrawal of support for the economy, as this could inflict tremendous damage," she said.

India pips EM peers in latest market uptick as US stimulus brings hope

2020 underperformance narrows; Experts say going further outperformance could be a challenge

Singapore GDP shrinks 7% in third quarter, more than forecasts

Singapore's economy contracted slightly more than expected in the third quarter from a year earlier, preliminary data showed on Wednesday.

Covid-19 impact: India's GDP may contract 10.3% in FY21, says IMF

IMF now expected the world economy to fall less severely by 4.4 per cent than 5.2 per cent it projected earlier for 2020

IMF sees less severe global contraction but trouble in emerging markets

The IMF forecast a 2020 global contraction of 4.4% in its latest World Economic Outlook

5G-enabled industries can help add $8 trillion to global GDP by 2030: Nokia

As Covid-19 accelerates medium and long-term digital investment and value creation, 5G-enabled industries have the potential to add $8 trillion to global GDP by 2030, suggests new research by Nokia

Coronavirus pandemic has exposed global leadership deficit, says report

Over 70 per cent of citizens around the globe say they are experiencing the lowest point in their nation's history, while nearly two-thirds say their leaders are out of touch

A collapse of global tax talks could cost $100 billion, says OECD

Public pressure is growing on big, profitable multinationals to pay their share under international tax rules after the Covid-19 pandemic strained national budgets

Next big shift in global economic policy takes shape under Covid-19 shadow

Financial markets, where bond vigilantes were once reckoned to exert a powerful check on deficit-spending governments, are ready to lend them money at very low interest rates

Life after the pandemic

Book review of 'Ten lessons for a post-pandemic world'

UK's Rishi Sunak expands help for some lockdown-hit firms as recovery wanes

A resurgence of the pandemic has forced Prime Minister Boris Johnson to consider new containment measures and is threatening to derail an economic recovery that has already started to wane

7 central banks sketch out digital currency as China forges ahead

Look to catch up with China's 'trailblazing', Facebook's Libra

Lifting lockdowns amid high infections won't boost GDP, says IMF

The fund will publish new forecasts on October 13 during its annual meeting with the World Bank

Riding high

High liquidity, low interest rates lead to stock market upswing

By 2021, as many as 150 mn people likely to be extreme poor: World Bank

The World Bank on Wednesday warned that by 2021, as many as 150 million people are likely to be in extreme poverty because of the coronavirus pandemic