Latest in Tag: global economy Highlight
Latest in Tag: global economy
Al-Sisi, Latvian FM discuss consequences of Russian-Ukrainian war on global economy
In a statement, Presidential Spokesperson Bassam Rady said that the president stressed Egypt’s keenness to strengthen cooperation and bilateral relations with Latvia and maintain coordination on political issues of mutual interest.
Global economy will bounce back in 2021 with fastest growth in nearly 50 years at 5.3%: UNCTAD
Recovery, however, is uneven across geographical, income, and sectoral lines: UNCTAD
Global economy to expand 5.6% in 2021: World Bank
Economic activity in MENA region is forecast to advance by 2.4% in 2021, 3.5% next year
IMF upgrades global growth forecast in 2021 to 5.5%, warns risks remain
Financial organisation maintains forecasts for growth in Middle East, Central Asia at 3% in 2021, raising forecast for 2022 to 4.2%
Measures adopted by central banks, governments mitigate COVID-19 impact on global economy: CBE
Outlook for near term growth in global economic activity expected to be affected by second COVID-19 wave, preventive measures
Global economy to expand by 4% in 2021: World Bank
“Top near-term policy priorities are controlling the spread of COVID-19, and ensuring rapid and widespread vaccine deployment,” said the World Bank
Global economy to return to pre-pandemic levels in 3 years: World Bank
Bank approved $12bn grant in October to help developing countries purchase and distribute COVID-19 vaccines, tests
Global economy is facing deep recession due to COVID-19: IMF
The IMF said that these ongoing global forces and the current crisis can offer opportunities to build a better future for everyone
IMF forecasts 4.9% contraction in 2020 global economy due to COVID-19
Fund expects negative growth for all regions for first time in its history
Global economy to shrink 5.2% in 2020: World Bank
Interruptions in schooling, primary healthcare access likely to have lasting impacts on human capital development
COVID-19 to slash global economic output by $8.5 trn next 2 years: UN
The report estimates that GDP growth in developed economies is expected to plunge to minus 5% in 2020 due to COVID-19 pandemic
Experts predict worldwide recession of 1.9% in 2020: German ifo Institute
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
Egypt will be MENA’s only country witnessing GDP growth: IMF
Global economy to contract 3% in 2020 due to COVID-19: WEO
Coronavirus infecting global economy: Guterres
Crisis likely to cost world economies at least $1trn this year
Global economy is decelerating: WB
The world’s current $86tn economy is highly vulnerable to geopolitical risks.
IMF expects 70% of global economy to experience slowdown
‘We have supported programmes in over 90 countries since 2008, including Egypt,’ says Lagarde
Global economy still pre-2008 level: Mahmoud Mohieldin to AmCham
Nobody is ready to keep pace with the technology revolution
Implementing women’s economic empowerment for shaping global economy
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 …
World Bank sees global economy on the up
Despite growing tendencies towards protectionism and some political uncertainty, the World Bank sees a positive outlook for the world economy in 2017 and beyond. But the UK’s election is its next challenge.The global economy is set to post solid growth this year, amid improving trade and better performance by large emerging markets, the World Bank …
Alpine ‘Crypto Valley’ pays with Bitcoins
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.
OECD warns global economy faces ‘low-growth trap’
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 to take part in G20 summit in Shanghai
Egypt will actively participate in discussions and endeavours conducted in G20 summit
World Bank: Newly approved loans followed by lowered economic growth prediction
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.
Britain’s leading banks pass stress test
Britain’s seven biggest lenders have passed central bank stress tests designed to see if they withstand deterioration in global economic conditions and avoid having to be bailed out by taxpayers again. Bank of England’s (BoE’s) Prudential Regulation Authority (PRA) said in its annual stress test report released Tuesday that Britain’s seven biggest banks had adequate …
OECD says growth outlook ‘deeply concerning’
Is the world headed for another recession? The OECD has raised the red flag on the global economy, saying international trade this year is expected to fall to levels not seen since the 2009 financial crisis. The Organisation for Economic Co-operation and Development (OECD) on Monday sounded the alarm on the global economy, saying a …
Sieren’s China: No boom, no crisis
China missed its growth target of 7 percent in the last quarter. But the Chinese economic downturn is not doing any harm to the German economy, says DW’s Frank Sieren. It took us months to get used to the new times in China, but some still winced when Chinese economic data for the third quarter …
No room for carbon trading in global climate treaty?
Carbon trading lobbyists say the mechanism is being given short shrift in the UNFCCC negotiations. But critics argue that carbon trading is a long way from providing a global solution to reducing emissions. The draft text of a global climate agreement to be finalized in Paris at the COP21 summit does little to promote carbon …
US Fed rate decision keeps markets volatile
Asian shares have rallied on relief that the US Fed held off on raising interest rates. But renewed concerns about the health of the global economy have caused equities’ trading to remain choppy across the world. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.9 percent to a four-week high on Friday, with financials …
Slow global economic growth negatively affects the economies of Arab states: AMF Director General
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.
Weakening outlook for global economy amid fears over China: Merrill Lynch Survey
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 …