Page 39 - Global Economy

Global trade shows signs of rebound from Covid-19, recovery uncertain: WTO

Trade growth in Covid-19 related products was strong in June and July, showing the global economy's ability to help governments obtain supplies

Spain sees worse-than-feared economic dip in 2020 amid Covid-19 pandemic

Spain is experiencing a second wave of Covid-19 infections, with the highest caseload in Western Europe.

Global economy facing long climb to recover: IMF head Kristalina Georgieva

While there has been some improvement, downside risks remain high, Georgieva said in a video-conference speech to the London School of Economics.

Businesses back to growth in top three Arab economies after stumble

The recovery has been fragile in much of the Middle East and faces a further test in the UAE because of a sharp pick-up in new coronavirus cases

Global economy is facing its worst crisis in 100 years: G-20 biz leaders

CEOs from around the world call for urgent policy reforms

Japan Sep service activity shrinks at slowest pace since pandemic's start

Activity in Japan's services sector contracted for the eight straight month in September but at the slowest pace since the coronavirus pandemic started wreaking havoc on the economy

Japan's jobs market worsens in August as coronavirus damage persists

The figures come after Suga pledged to protect jobs, keep companies in business and help the economy recover from the impact of Covid

Pandemic to keep Asia's growth at lowest since 1967, warns World Bank

The bank said the region this year is projected to grow by only 0.9%, the lowest rate since 1967

India among worst-performing economies; stimulus lacking: Abhijit Banerjee

He, however, said that the country will see a revival in growth in the July-September quarter of the current fiscal

Covid expected to stoke slowest growth in 50 yrs in E Asia, Pacific, China

The coronavirus pandemic is expected to stoke the slowest growth in more than 50 years in East Asia and the Pacific as well as China, World Bank said in an economic update on Monday

Money for nothing

Book review of The Deficit Myth: Modern Monetary Theory and How to Build a Better Economy

Sensex, Nifty rise sharply for 2nd day on global cues, bank stocks

Bank Nifty gains 3.3%; benchmark indices have gained 4% in the past 2 sessions

West's central banks are undergoing a profound shift. RBI must not follow

Starting with the Fed, the West's central bankers are descending into a dangerous spiral of overconfidence. RBI has no such room for error

Global economic outlook not as dark as expected three months ago: IMF

The IMF is due to release its latest World Economic Outlook on Oct. 13

IMF official warns coronavirus will weigh on some economies for years

The Fund has provided some $90 billion in total financing to 79 countries, including 20 in Latin America, since the start of the health crisis

Argentina economy plunges record 19.1% in second quarter on pandemic impact

The steep fall, deeper than a 16.3% drop during Argentina's major 2002 crisis, came as the South American country imposed a strict lockdown in mid-March to stem the virus

Our strategic objectives remain unchanged despite Covid: Saudi ambassador

"Bilateral trade between Saudi Arabia and India has increased significantly in the last two years, from $27 billion in 2018 -19 to $34 billion in 2019-2020"

Global economic recovery may take five years: World Bank chief economist

"There will probably be a quick rebound as all the restriction measures linked to lockdowns are lifted, but a full recovery will take as much as five years," Carmen Reinhart said

World Coronavirus Dispatch: OECD lowers decline in global economy to 4.5%

Trump says open to more stimulus spending, Australia unemployment drops, Richard Branson to raise $400 mn for ailing businesses and other pandemic-related news across the globe

Global economic recovery may take five years: World Bank chief economist

The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank's chief economist Carmen Reinhart said on Thursday.