Page 59 - Global Economy

President Jinping pledges to import more as Covid-19 shakes global economy

China is set to be the only major economy to grow this year after largely bringing the epidemic under control, following its emergence in the central city of Wuhan last year

India is odd one out in a favourable view of Emerging Asia: Cameron Brandt

With growth in developed markets under pressure from the rising Covid-19 caseload, investors will keep paying more attention to emerging markets, says Brandt

Canada increases immigration targets, says they are key to revive economy

Canada closed its borders to most immigrants in March to try to slow the spread of the coronavirus

In Covid-hit world, emerging market stocks are a haven for global investors

The MSCI Emerging Markets Index is up about 3.5% this month, compared with a 1.4% slump in the MSCI All-Country World Index

A new global debt crisis

China's role as lender has complicated relief efforts

Japan Sep retail sales fall 8.7% y-o-y as shopping appetite remains subdued

Japanese retail sales fell 8.7% in September from a year earlier, down for a seventh straight month, government data showed, as the coronavirus pandemic kept a lid on consumers' shopping appetite

Bank of Japan trims growth and price outlook, keeps policy steady

As widely expected, the central bank kept monetary policy steady, including a -0.1% target for short-term interest rates and a pledge to guide long-term rates around 0%

Developed countries can ignore macro-economic reality but India can't

Hard work on inflation means there is monetary space in this crisis; but years of mismanagement means there is no fiscal firepower

Prediction-addiction, despite being in a fog

We are usually wrong in our predictions about the economy and market, especially since we bring in our own biases to fill the vast gaps in our information. And yet, we cannot help but predict

Antivirals, spaceflights, hyperloops among 20 mkts to alter economies: WEF

These markets can help societies protect and empower people, advance knowledge and understanding, and protect the environment, among other benefits

September quarter saw record global IPO activity in value terms: Report

A total of $95 billion was raised through 445 IPOs

Britain's economic recovery faltering, Bank of England to step up spending

A national lockdown earlier this year that forced businesses to close and citizens to stay home meant the UK economy contracted an historic 19.8% in the second quarter

China's economic recovery plows on as World's only major growth engine

Gross domestic product expanded 4.9 per cent in the third quarter from a year ago, missing economists' forecast for a 5.5 per cent expansion

The new orthodoxy

Developed countries may be permanently ending austerity

Second sovereign downgrade wave coming, major economies at risk: S&P Global

The rating agency has already downgraded or cut the outlooks on nearly 60 countries this year, but only relatively few have been higher-rated richer nations

IMF urges policymakers to avoid early withdrawal of support for the economy

Avoid premature withdrawal of support for the economy, as this could inflict tremendous damage," she said.

India pips EM peers in latest market uptick as US stimulus brings hope

2020 underperformance narrows; Experts say going further outperformance could be a challenge

Singapore GDP shrinks 7% in third quarter, more than forecasts

Singapore's economy contracted slightly more than expected in the third quarter from a year earlier, preliminary data showed on Wednesday.

Covid-19 impact: India's GDP may contract 10.3% in FY21, says IMF

IMF now expected the world economy to fall less severely by 4.4 per cent than 5.2 per cent it projected earlier for 2020

IMF sees less severe global contraction but trouble in emerging markets

The IMF forecast a 2020 global contraction of 4.4% in its latest World Economic Outlook