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Global Economy News
'Global economy could shrink by 1% due to COVID-19 pandemic'
Thu, Apr 02, 2020
The severity of the impact will largely depend on the duration of restrictions on the movement of people and economic activities and on the scale and efficacy of responses by national treasuries.
'Global economy to contract 1.5% in 2020 amid COVID-19 pandemic'
Tue, Mar 24, 2020
"Our global growth forecast now stands at -1.5 per cent, with a contraction of 3.3 per cent across mature markets and growth of only 1.1 per cent," in emerging markets, the report said, adding that there was "huge uncertainty" about the economic impact of COVID-19.
Oil falls over 2% on weaker demand growth, gain in US crude stocks
Wed, Jun 12, 2019
Trade tensions between the United States and China, the world`s two biggest oil consumers, also weighed on prices. U.S. President Donald Trump said he was holding up a trade deal with China.
Sino-US trade talks: Donald Trump's tariff hike decision set to affect second-day talks
Fri, May 10, 2019
First day of US-China trade talks concluded on Thursday to rescue a trade deal that is close to collapsing as Trump prepares to go ahead with tariff hike plan.
IMF lowers global growth rate projections for 2019 to 3.5%; This is why
Mon, Jan 21, 2019
According to the report, the main shared policy priority is for countries to resolve cooperatively and quickly their trade disagreements and the resulting policy uncertainty, rather than raising harmful barriers further and destabilising an already slowing global economy.
Oil prices edge up to $50 after steep slide
Wed, Dec 26, 2018
Oil prices have edged up to $50 a barrel on Wednesday after reaching its lowest since June 2017 on perceptions that a price slide prompted by worries over the global economy had been overdone amid an Opec-led effort to tighten supply. Watch video:
India destined to be major powerhouse of global economy, says Manmohan Singh
Tue, Dec 18, 2018
About criticism of being the silent prime minister, Singh said, "I think these volumes speak for themselves and I don't want to boast about achievements as prime minister but the events that took place are well described in these volumes, particularly in the volume that deal with 'Prime Minister Speaks'."
IMF warns storms clouds gathering for global economy
Tue, Dec 11, 2018
"But like many of you, I see storm clouds building, and fear the work on crisis prevention is incomplete," he said at banking conference hosted by Bloomberg.
India will be back on 7.5% plus economic growth track this fiscal: Arvind Virmani
Mon, Aug 20, 2018
"... Domestically, the main risk to macro stability is politically driven government consumption spending at the cost of investment and fiscal prudence. If this temptation is resisted, the country will be back on a firm 7.5 per cent plus growth track this year (fiscal)," Virmani told PTI in an interview.
Global economy has peaked; trade war torpedoes optimism
Thu, Jul 26, 2018
World stocks have been whipsawed by several sell-offs in recent weeks. The dollar has risen 5 percent since April on those concerns and on still-solid expectations for several more Federal Reserve interest rate hikes this year and next.
Global Economy: Soft patch, facade, or great decoupling?
Fri, Jun 22, 2018
Euro zone growth, while decent, has slowed remarkably, posing a challenge to the European Central Bank`s plans to soon stop buying bonds. Central banking sources revealed this week to Reuters a worry at the bank about "a facade of optimism in the forecasts."
Global Economy: Soft patch or lasting slowdown? European data may tell
Sat, Jun 16, 2018
Bank of England policymakers are likely to debate this question in the week ahead, while data from the euro zone will indicate whether European Central Bank President Mario Draghi is right to refer to current conditions simply as a "soft patch".
2018 global growth to roll to highs not seen in eight years: Reuters poll
Wed, Jan 24, 2018
The global economy is expected to grow at a robust pace this year and reach an altitude not seen since 2010, as momentum builds in developed economies and inflation revives, Reuters polls of over 500 economists showed.
Bitcoin not big enough to threaten world economy, says BoE deputy
Wed, Nov 29, 2017
The cryptocurrency has climbed 10-fold so far this year, the largest gain of all asset classes and prompting sceptics to warn it is a classic speculative bubble.
Climate change cost the global economy $129.4 billion in 2016
Sun, Nov 05, 2017
'Ten years, ago there were 606 extreme weather losses with a bill of $69 billion. Last year, there were 797 weather-related disasters worldwide, resulting in $129 billion of economic losses.'
Moody's says G20 GDP growth to exceed 3%, warns of geopolitical risks
Wed, Aug 30, 2017
Moody`s Investors Service kept its forecast for G20 economic growth at just over 3 percent for this year and next, but warned of geopolitical risks, U.S. protectionism and spillovers from global monetary tightening and China`s deleveraging measures.
Nuclear nerves wipe $1 trillion off world stocks
Fri, Aug 11, 2017
The damage inflicted on world stocks this week by the escalating war of words over North Korea topped $1 trillion on Friday, as investors again took cover in the yen, the Swiss franc, gold and government bonds.
Oil could hit $60 before year-end -Barron's, citing Citi analyst
Mon, Jul 10, 2017
Accelerating world oil demand and reduced supply from the Organization of the Petroleum Exporting Countries (OPEC) could push crude prices up to $60 a barrel before the end of the year, according to a report from Barron`s.
BRICS development bank to seek dollar bond funding this year
Thu, Jul 06, 2017
The New Development Bank (NDB) set up by the BRICS group of emerging economies is looking raise money by issuing dollar-denominated bonds later this year, the agency`s president, K.V. Kamath, said on Thursday.
Qatar Airways says joins major Middle East carriers in lifting of US laptop ban
Thu, Jul 06, 2017
Qatar Airways said on Thursday that passengers travelling to the United States can now carry their laptops and other large electronics on board, ending a three month in-cabin ban on devices for the Doha-based airline.