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The report estimates that GDP growth in developed economies is expected to plunge to minus 5% in 2020 due to COVID-19 pandemic
Economic output in US is expected to fall 4.6%. GDP would decrease by 4.2% in Brazil, 3.4% in Russia and South Africa. Japan would experience 3.3% recession
Global economy to contract 3% in 2020 due to COVID-19: WEO
Crisis likely to cost world economies at least $1trn this year
The world’s current $86tn economy is highly vulnerable to geopolitical risks.
‘We have supported programmes in over 90 countries since 2008, including Egypt,’ says Lagarde
Nobody is ready to keep pace with the technology revolution
A study about implementing women’s economic empowerment for shaping the global economy was conducted by Citibank, the Organisation for Economic Co-operation and Development (OECD), and the European Commission. The study aims to dig deeper in strengthening the role of women, not only in terms of the labour force, but also in terms of reaching higher …
The town of Zug in Switzerland wants to become the center of a Swiss “Crypto Valley.” Residents can now pay their fees in Bitcoin, and Fintech companies in the region are closely watching this experiment.
The Organization for Economic Cooperation and Development (OECD) sees a mounting risk for world economies to get caught in a longer period of subdued growth unless governments boost their spending quickly.
Egypt will actively participate in discussions and endeavours conducted in G20 summit
World Bank Country Director for Egypt, Yemen and Djibouti Asad Alam said the international institution will focus on meeting Egypt’s needs to create more jobs by improving governance mechanisms and promoting social inclusion.
Al-Hamidy explained that enhancing growth opportunities of these states is linked to continuing structural reforms, in order to improve the business environment, which attracts more local and foreign investments and works on increasing productivity and competitiveness.
Merill Lynch, the Bank of America’s (BofA) wealth management division, released on Tuesday the results of its Fund Manager Survey for August. It showed a weakening outlook for the global economy amid fears over China, recording low sentiment towards emerging markets and the energy sector. While the concern over a Chinese recession continues, global investors …
Reuters – Major economies in Asia and Europe finished the first quarter on a weaker note, with key manufacturing surveys fuelling expectations policymakers may be forced to act in coming months to prop up faltering growth. Factories across Europe eased back on the throttle in March while China’s vast manufacturing industry contracted for the third …
The global economy faces fewer headwinds in 2013 compared to last year but is likely to experience a period of weak growth, according to experts.
Washington (AFP) — The International Monetary Fund stepped up its warnings Monday on risks to the global economy, mainly from the crisis-mired eurozone, as it trimmed its growth forecast for the rest of the year. IMF economists said that the frail situations in Spain and Italy especially could quickly turn worse amid market doubts over …
By Reuters MEXICO CITY: The International Monetary Fund flagged higher oil prices as a rising threat to the global economy on Friday, urging policymakers to keep a close eye on western tensions with Iran, which is facing punitive measures against its crude supplies. Looming US sanctions on Iran’s oil buyers, as well as an impending …