Page 4 - World Economy

British economy falters during summer as shortages build up

The British economy remains 0.8% below its pre-coronavirus pandemic level of Feb. 2020.

Global debt jumps to a new high of $226 trillion, says IMF

This figure includes both public and non-financial private sector debt.

China Evergrande to raise $5 billion from property unit sale: Report

Evergrande is facing what could be one of China's largest-ever restructurings

More than one billion Asians will join global middle class by 2030: Study

Bangladesh set to rise up the rankings fastest; India and China to add about three-quarters of a billion members between them.

Mexico's economy rebounds 19.7% helped by strong showing across sectors

The agricultural sector grew 6.7 per cent year-on-year

Global recovery gap widens on unequal vaccine access, IMF says

Vaccine access has emerged as the principal fault line along which the global recovery splits into two blocs, says IMF

World economy seen growing 6% in 2021, no change from April projection: IMF

Advanced economies, in which close to 40% of the population has been vaccinated, are largely reopening after last year's Covid-19 lockdowns.

Covid leaves Indian adults poorer by 6.1% in 2020: Credit Suisse

The drop in the wealth of Indian adults in 2020, according to Credit Suisse, was amplified by exchange rate depreciation

Why world's policy makers are not worrying about inflation yet: your job

Governments, central banks continue support for pandemic-stricken economies with more spending and low interest rates.

OECD sees 5.8% global GDP growth in 2021 on vaccine rollouts, US stimulus

The OECD said central banks in advanced economies should keep financial conditions relaxed and tolerate inflation overshooting their targets.

Covid-19: The world economy is suddenly running low on everything

Surging corporate demand is upending global supply chains

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

US Fed expects growth surge, inflation jump in 2021 but no rate hike

The US economy is heading for its strongest growth in nearly 40 years, the Fed said, and central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation

Inflation is already creeping into some corners of the world economy

Hawks say that pockets of inflation today will turn into across-the-board price increases tomorrow, with stimulus providing the fuel

Oil prices rise on economic outlook, drawdown in fuel stocks

Brent crude oil futures for May rose 79 cents

Most economies won't return to pre-Covid activity levels by 2022: Moody's

Moody's Investors Service said the credit downturn arising out of Covid-19 will be short-lived but most economies will not return to pre-pandemic activity levels until 2022

Pent-up demand for manufactured goods driving global factory revival

Manufacturing activity in Japan expanded at the fastest pace in over two years

WTO to hold ministerial meeting in Geneva in late 2021: Report

WTO members agreed on Monday to hold the next major ministerial meeting in Geneva, Switzerland in late 2021

IMF chief warns of 'lost generation' if poor nations don't get more help

Setbacks for living standards in developing countries would make it much more difficult to achieve stability and security for the rest of the world, she said

Unequal allocation of vaccines could cost the world economy $9.2 trn

Emerging and developing economies are vulnerable to richer countries hoarding their doses because their fragile health systems are straining under the weight of mounting infections