Page 60 - Global Economy

5G-enabled industries can help add $8 trillion to global GDP by 2030: Nokia

As Covid-19 accelerates medium and long-term digital investment and value creation, 5G-enabled industries have the potential to add $8 trillion to global GDP by 2030, suggests new research by Nokia

Coronavirus pandemic has exposed global leadership deficit, says report

Over 70 per cent of citizens around the globe say they are experiencing the lowest point in their nation's history, while nearly two-thirds say their leaders are out of touch

A collapse of global tax talks could cost $100 billion, says OECD

Public pressure is growing on big, profitable multinationals to pay their share under international tax rules after the Covid-19 pandemic strained national budgets

Next big shift in global economic policy takes shape under Covid-19 shadow

Financial markets, where bond vigilantes were once reckoned to exert a powerful check on deficit-spending governments, are ready to lend them money at very low interest rates

Life after the pandemic

Book review of 'Ten lessons for a post-pandemic world'

UK's Rishi Sunak expands help for some lockdown-hit firms as recovery wanes

A resurgence of the pandemic has forced Prime Minister Boris Johnson to consider new containment measures and is threatening to derail an economic recovery that has already started to wane

7 central banks sketch out digital currency as China forges ahead

Look to catch up with China's 'trailblazing', Facebook's Libra

Lifting lockdowns amid high infections won't boost GDP, says IMF

The fund will publish new forecasts on October 13 during its annual meeting with the World Bank

Riding high

High liquidity, low interest rates lead to stock market upswing

By 2021, as many as 150 mn people likely to be extreme poor: World Bank

The World Bank on Wednesday warned that by 2021, as many as 150 million people are likely to be in extreme poverty because of the coronavirus pandemic

Global trade shows signs of rebound from Covid-19, recovery uncertain: WTO

Trade growth in Covid-19 related products was strong in June and July, showing the global economy's ability to help governments obtain supplies

Spain sees worse-than-feared economic dip in 2020 amid Covid-19 pandemic

Spain is experiencing a second wave of Covid-19 infections, with the highest caseload in Western Europe.

Global economy facing long climb to recover: IMF head Kristalina Georgieva

While there has been some improvement, downside risks remain high, Georgieva said in a video-conference speech to the London School of Economics.

Businesses back to growth in top three Arab economies after stumble

The recovery has been fragile in much of the Middle East and faces a further test in the UAE because of a sharp pick-up in new coronavirus cases

Global economy is facing its worst crisis in 100 years: G-20 biz leaders

CEOs from around the world call for urgent policy reforms

Japan Sep service activity shrinks at slowest pace since pandemic's start

Activity in Japan's services sector contracted for the eight straight month in September but at the slowest pace since the coronavirus pandemic started wreaking havoc on the economy

Japan's jobs market worsens in August as coronavirus damage persists

The figures come after Suga pledged to protect jobs, keep companies in business and help the economy recover from the impact of Covid

Pandemic to keep Asia's growth at lowest since 1967, warns World Bank

The bank said the region this year is projected to grow by only 0.9%, the lowest rate since 1967

India among worst-performing economies; stimulus lacking: Abhijit Banerjee

He, however, said that the country will see a revival in growth in the July-September quarter of the current fiscal

Covid expected to stoke slowest growth in 50 yrs in E Asia, Pacific, China

The coronavirus pandemic is expected to stoke the slowest growth in more than 50 years in East Asia and the Pacific as well as China, World Bank said in an economic update on Monday