Tag: Global economy
COVID-19: Recovery will be slower following ‘crisis like no other’, IMF predicts
Economic recovery from the COVID-19 pandemic is projected to be more gradual than previously forecast, according to a report published on Wednesday by the International…
Trade in many developing countries projected to ‘nosedive’, warns UNCTAD
Trade in many developing countries is expected to take a “nosedive” in the second quarter of 2020, owing to the unprecedented effects of the coronavirus…
Coronavirus ‘grim reality’: World economy to shrink by 3.2 per cent, new UN report projects
Against the backdrop of the raging COVID-19 pandemic, the world economy in 2020 is projected to shrink by 3.2 per cent, racking up some $8.5…
World economy ‘may face double recession’
The world economy already faces an economic downturn worse than the Great Depression. But this could be followed by another “possibly much worse downturn”, according…
Coronavirus plunges world economy into brutal recession
Measures imposed to slow the spread of the coronavirus are pushing the world economy into a recession deeper and more painful than initially expected, even…
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