Page 16 - Global Economy

EU lays out $1-trn plan to fund recovery from coronavirus pandemic

It highlights the ambition of the EU's first meaningful entry into bond markets, which will see the total of outstanding bonds closing in on that of Spain's this decade

IMF paints a rosy picture, says Asia's economy to grow 7.6% in 2021

The IMF expects Asia's economy to grow 5.4 per cent in 2022

India hits out at US on linking climate issues to economic recovery

Says imposing stringent climate conditionalities unfair

Norway wants its $1.3 trillion wealth fund to invest in fewer companies

EMs are often characterised by weaker institutions, says Norway

Economic activity rebounds globally even as Covid-19 cases rise: Moody's

Moody's Investors Service has said that high-frequency alternative data indicates a strong rebound in economic activity even as infection rates rise

Saudi Arabia crown prince's past makes his vision a tough sell abroad

His plan to open up the economy may be jeopardised by his reputation

Recovery underway after worst global recession since World War II: IMF MD

IMF Managing Director Christine Georgieva has said that after the worst global recession since the Second World War, the recovery is underway

World Bank, IMF eye ways to link debt relief to climate change spending

The initiative reflects growing recognition that the economic turmoil of the Covid-19 pandemic has exacerbated budget constraints and debt challenges

In a historic setback, millions are tumbling out of the global middle class

Nearly 150 million slipped down the economic ladder in 2020, the first pullback in almost three decades

IMF proposes temporary 'solidarity' tax on pandemic winners, the wealthy

Advanced economies with robust tax systems should increase their top income tax rates for a period, IMF said

Risks beyond growth

RBI should not undermine the price and financial stability objectives

World economy risks 'dangerously diverging' even as growth booms

While America's booming economy will undoubtedly act as a driver for the rest of the world by sucking in imports, there could also be some grumbling about the higher market borrowing costs

On recovery path: WTO pegs trade growth at 8% in 2021, highest in a decade

Says growth will slow to 4% in 2022 as effects of the pandemic will be felt

Biden proposes $2 trillion 'once-in-a-generation' investment in US economy

"It's a once-in-a-generation investment in America, unlike anything we've seen or done," Biden said in Pittsburgh

Benchmark indices end FY21 with a gain of 70%, most since 2009-10

The rebound, both in FY10 and FY21, followed a painful period for the market and has been underp­inned by aggressive stimulus measures by global central banks

Coronavirus pandemic to shave 3% off global output in medium term: IMF

The Covid-19 shock could also have a bigger impact on the labor market over the medium- and longer term

The Suez Canal crisis is over, now it's time to add up the damages

Delays are adding to pressures on fragile global supply chains

UN chief Antonio Guterres calls for bold measures to tackle debt crisis

UN Secretary-General Antonio Guterres on Monday called for urgent, bold measures to address an emerging debt crisis caused largely by Covid-19

Giant container ship blocking Suez Canal finally freed after 6 days

Data estimates say it could take more than 10 days to clear the backlog of ships with more than 367 vessels piled up on either end of the canal

Avoiding a K-shaped global recovery

Political leaders in the developed world must recognise that no one is safe until everyone is safe, and that a healthy global economy is not possible without a strong recovery everywhere