Sun, 03-Jul-2022

Recession

IMF Chief Warns Global Economy ‘Not Out of the Woo...

Global economic activity is picking up after an unprecedented decline this year due to the coronavirus pandemic, but a second major wave of infections could trigger more disruptions, the International Monetary... July 16, 2020 6:22 am By Neha Mule

Japan’s Service Sector Mood Jumps in June as Lockd...

Japan’s service sector sentiment jumped at a record pace in June as businesses re-opened after lockdown measures were lifted in late May, data showed on Wednesday, offering hope that the economy’s coronavi... July 8, 2020 12:01 pm By Neha Mule

EU Sees Deeper Recession, Less Steep Rebound for Eur...

The euro zone economy will drop deeper into recession this year and rebound less steeply in 2021 than previously thought, the European Commission forecast on Tuesday, with France, Italy and Spain struggling th... July 7, 2020 11:58 am By Neha Mule

Global Stocks Sapped by Coronavirus Surge, Recession...

World stocks spluttered to their lowest level in over a week on Thursday, as a surge in U.S. coronavirus cases and an IMF warning of a nearly 5% plunge in the global economy this year hit the bulls again. ... June 25, 2020 10:18 am By Neha Mule

New Development Bank Provides South Africa with $1 B...

The New Development Bank established by the BRICS group of emerging nations has approved a $1 billion COVID-19 emergency loan to South Africa to help reduce the socio-economic impacts of the pandemic, the Nati... June 20, 2020 10:46 am By Neha Mule

IMF Approves Additional $111.06 Million to Rwanda to...

The International Monetary Fund said on Thursday it had approved an additional $111.06 million disbursement to Rwanda to address the effects of the COVID-19 pandemic on the country’s economy. Managing Dir... June 12, 2020 12:49 pm By Neha Mule

OECD Sees Deepest Peace-Time Slump in a Century

The global economy will suffer the biggest peace-time downturn in a century before it emerges next year from a coronavirus-inflicted recession, the OECD said on Wednesday. Updating its outlook, the Org... June 10, 2020 10:57 am By Neha Mule

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