Tag Archives: economies

New York, US | XINHUA | Developing countries need external support to ease inflated debt burden caused by the COVID-19 pandemic so as to maintain social services and secure global economic recovery, according to experts and relevant institutions. RECOVERY TAKES TIME Economic output picked up swiftly following the easing of …

Johannesburg, South Africa | XINHUA | African countries that respond with innovative ways and make structural changes to their economies will recover fast, said global risk and strategic consulting firm Control Risks on Tuesday. Barnaby Fletcher, associate director of Control Risks said this while launching the 2020 Africa Risk-Reward Index …

New York , US | XINHUA | U.S. equities decreased in the past week as investors rotated about of the tech sector while digesting a slew of key economic data. For the week ending Friday, the Dow slid 1.8 percent, the S&P 500 lost 2.3 percent, and the tech-heavy Nasdaq dipped …

Washington, US | XINHUA | China and the United States are closely connected economically, and an economic decoupling is “a long way away,” said Eswar Prasad, former head of the International Monetary Fund’s China division, earlier this week. “These two economies are still quite closely tied,” Prasad was quoted by …

Addis Ababa, Ethiopia | XINHUA | The African Union (AU) Commission on Wednesday said that the ongoing COVID-19 pandemic has amplified Africa’s need to expand resource mobilization base. “Already African countries are reporting a reduction in tax revenues, especially from the non-digitalized sectors. The decline in the prices and demand …

Nairobi, Kenya | XINHUA | Stronger China-Africa ties are key to the post-COVID-19 economic recovery of the African continent, a Kenyan scholar said on Sunday. Peter Kagwanja CEO, Africa Policy Institute, a regional think tank, said in a commentary published in the Sunday Nation that as the global COVID-19 crisis …

Addis Ababa, Ethiopia | XINHUA | The African Union (AU) Commission on Thursday launched a flagship campaign to intensify the continental fight against the ongoing COVID-19 pandemic toward protecting African economies and livelihoods amid the easing of lockdowns. The newly launched continental initiative, dubbed “Africa Against COVID-19: Saving Lives, Economies, and …

Washington, US | XINHUA | Global current account surpluses and deficits narrowed in 2019, and the COVID-19 pandemic could narrow the imbalances further in 2020, the International Monetary Fund (IMF) said in its annual External Sector Report released on Tuesday. In 2019, the global current account balance, the absolute sum …

Brussels, Belgium | XINHUA | Europe formally and dramatically entered into recession Friday, with the latest data released by the European Union showing that the 19-member eurozone saw their economies contract by 40.3 percent in the second quarter of 2020, compared with the same period a year ago. The main …

Pretoria, South Africa | XINHUA | Innovation, science and technology would be handy in defeating COVID-19 and rebuilding world economies, said South African President Cyril Ramaphosa. Ramaphosa’s speech was read by the Minister of Higher Education, Science and Innovation Blade Nzimande on Friday at a virtual science and innovation conference …