Tag Archives: global economy

SPECIAL REPORT | THE INDEPENDENT | The global economy is expected to stabilize for the first time in three years in 2024—but at a level that is weak by recent historical standards, according to the World Bank’s latest Global Economic Prospects report. Global Economic Prospects report released this week said global …

The recovery remains uneven across regions, depending on access to vaccines Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday maintained its global economic growth forecast at 6 percent for 2021, with economic prospects diverging further across countries since April’s forecast, according to the latest World Economic Outlook …

Washington, United States | AFP | The global economy is facing “staggeringly large” losses and the recovery effort is hampered by a shortage of resources to make up for the damage caused by the coronavirus pandemic, World Bank President David Malpass said Tuesday. While the Washington-based development lender has rushed out …

Brussels, Belgium | AFP | US President Donald Trump faced a broad backlash Saturday over his decision to sever ties with the UN’s health agency during a pandemic, as the coronavirus surged in Latin America and Europe further reopened from lockdown. The EU called on Washington to reconsider its decision to …

Washington, United States | AFP |  For the first time since the Great Recession a decade ago, the US Federal Reserve is poised to cut interest rates, shoring up America’s defenses as the global economy weakens. It will mark a striking about-face for the central bank, reversing a rate increase announced just …

Washington, United States | AFP | Rising corporate and government debt levels and the sharp increase in more risky lending could leave the global economy vulnerable to another severe downturn, the International Monetary Fund warned Wednesday. While the concerns “aren’t all setting off alarm bells just yet,” governments will face challenges …