Page 19 - Global Economy

The rich are minting money in Covid-19 pandemic like never before

For them, not only has it been relatively easy to carry out their white-collar jobs from home

IMF chief sees 'high degree of uncertainty' in global outlook due to Covid

Kristalina Georgieva said a new allocation of the IMF's own currency, Special Drawing Rights, would help give countries more fiscal space to tackle the health crisis and to a digital and green economy

IMF urges countries to continue strong fiscal and monetary support

In October, the Fund forecast a 4.4% global GDP contraction for 2020, followed by a rebound to growth of 5.2% for 2021.

Global economy can shake off coronavirus pandemic in 2021, leaders say

(Reuters) - Vaccines and fresh economic stimulus promised by U.S. President-elect Joe Biden will give the global economy a chance to put the coronavirus pandemic behind it in 2021, policymakers and industry leaders told the Reuters Next conference.

China-backed AIIB to help vaccine rollout, expects steady lending in 2021

The Beijing-backed Asian Infrastructure Investment Bank (AIIB) will follow other development banks in helping to finance the rollout of vaccines, its president said

Thailand govt unveils $7 billion stimulus to counter coronavirus impact

Under the plan, each beneficiary will receive 3,500 baht per month for two months starting as early as February.

Towards real recovery

Policymakers must focus on medium-term growth risks

Bull run continues: Indices on longest weekly winning streak since 2009

Sensex, Nifty hit fresh all-time highs on Friday

US, Japan set for recovery in second half of 2021, IMF chief economist says

Economic stimulus approved in the US and Japan at the end of last year will help to power a recovery in their economies in the second half of 2021, IMF chief economist Gita Gopinath said on Wednesday

World Bank says it expects the global economy to expand by 4% in 2021

The global economy is expected to expand by 4 per cent in 2021, assuming an initial Covid-19 vaccine rollout becomes widespread throughout the year, the World Bank has said

World economy in 2021: Here's who will win and who will lose in Covid era

While America's 651 billionaires have increased their net worth by 30% to $4 trillion, a quarter of a billion people in developing countries could face absolute poverty

A $13-trillion crisis era debt bill comes due for big economies

G-7, emerging economies face biggest refinancings in a decade

China's New Year resolutions

As China outlines its priorities, India finds itself on the margins of the Asian economic space

Macroeconomics needs to focus on managing abundance and not scarcity

Macroeconomic theory has to be constructed around this now, not the old Keynesian identity which took deficiency as its starting point

Street signs for 2021

Sharp earnings revival will ease valuations

Novel coronavirus shook, rattled and rolled the global economy in 2020

The International Monetary Fund estimates the global economy to have shrunk by 4.4% this year compared with a contraction of just 0.1% in 2009, when the world last faced a financial crisis

Oil set for 20% drop in 2020 as coronavirus lockdowns weigh on economy

Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the global economy

UK parliament approves Brexit trade deal with EU as both look to future

British lawmakers approved post-Brexit trade deal with the European Union on Wednesday, as both sides looked to begin a new chapter of relations just days before their divorce becomes a reality

Post-Brexit trade deal new starting point for UK-EU: Boris Johnson

British Prime Minister Boris Johnson has said the post-Brexit trade deal is a new starting point for Britain and the European Union (EU).

Trump administration bolsters order barring US investment in Chinese firms

The Trump administration strengthened an executive order barring US investors from buying securities of alleged Chinese military-controlled companies