June 01, 2021 12:05 pm
In 2020, when the pandemic hit and economies around the world went into lockdown, policymakers effectively short-circuited the business cycle without thinking twice.
January 15, 2021 1:02 pm
Economists expect China’s GDP will expand 8.2% this year, continuing to outpace global peers including the US.
December 30, 2020 11:14 am
Measured by output, the world economy is well on the way to recovery from a slump the likes of which barely any of its 7.7 billion people have seen in their lifetimes. Vaccines should accelerate the rebound in 2021. But other legacies of Covid-19 will shape global growth for years to come.
November 28, 2020 8:13 am
With the United States suffering its most rampant transmission yet and with major nations in Europe again under lockdown, prospects remain grim for a meaningful worldwide recovery before the middle of next year and far longer in some economies.
October 13, 2020 10:17 pm
In its latest World Economic Outlook report, the International Monetary Fund also said the swift recovery in China has surprised on the upside while the global economy's long ascent back to pre-pandemic levels of activity remains prone to setbacks.
May 19, 2020 8:19 am
IHS Markit, a financial research firm said that it expects the world economy to shrink 5.5% this year, triple the damage it sustained in the 2008 financial crisis, and then struggle to regain traction.
February 26, 2020 8:24 pm
This apart, Moody’s Analytics on Wednesday said that a global recession is likely if coronavirus becomes a pandemic.
February 18, 2020 6:39 pm
We look at various sectors which are likely to take a hit due to ongoing coronavirus disease.
October 16, 2019 10:01 pm
Investors cheered Friday as the US struck a partial trade agreement with China and there were even signs the UK may strike a divorce deal with the European Union. But the debate over how close the world is to its first recession since 2009 may soon start swirling again.
March 07, 2019 11:54 pm
Perhaps, inequality is contributing to weak growth and low rates because the rich tend to save money rather than spend it. Maybe productivity has been weak not by coincidence, but because weak growth has meant companies have not been forced to innovate to meet demand.