Page 66 - Global Economy

CRISIL pegs India's FY21 economic growth rate at 1.8% from 3.5%

Its parent Standard & Poor's has (S&P) forecast the world economy to contract 2.4 per cent, against its earlier estimates of 0.4 per cent growth.

Italy PM signals longer lockdown; France's Covid-19 death toll at 20,796

Italy's virus death total of 24,648 is still Europe's highest and second globally after the United States

Covid-19 pandemic may trigger worst downturn since Great Depression: UN

Both middle-income countries, with 75 per cent of the world's population and 62 per cent of the world's poor, are also highly vulnerable to a debt crisis, said UN Secretary-General Antonio Guterres

Covid-19: Global economic contraction in H1 of 2020 inevitable, says IMF

The IMF managing director said the immediate priority was to minimise the pandemic's human toll and economic disruption

RBI measures, global markets surge propel Sensex, Nifty to one month high

Most global markets surged as investor appetite for risk assets improved due to the progress of an experimental drug for treating covid-19 and on US's plan to reopen its economy.

Can use full $1-trillion war chest for coronavirus outbreak, says IMF

In view of coronavirus crisis, the spring meeting is being held virtually-- the first one in the history of IMF and the World Bank.

Covid-19: Asia's growth may see first halt in 60 years in 2020, says IMF

sia's economy is likely to suffer zero growth this year for the first time in 60 years, the IMF said in a report on the Asia-Pacific region

We support India's proactive Covid-19 response in a crisis like this: IMF

The impact of the coronavirus on the Asia-Pacific region will be severe, across the board, said IMF

Covid-19: Energy agency says 2020 worst year in history for oil demand

We may see it was the worst year in the history of global markets, said Fatih Birol, head of the IEA

Coronavirus pandemic eats away Goldman's profits as investment takes a hit

The Wall Street trading powerhouse on Wednesday also warned that it expects reduced revenue in its asset and wealth management businesses and a higher rate of client defaults

Corona complexity

Set economic growth aside, intensify redistribution

Coronavirus outbreak: A 21-day lockdown may have cost India Rs 8 trillion

The sectors that have been most impacted are transport, hospitality, and real estate

Investment strategy: Benefit from the collective wisdom of markets

By going with ETFs, you eliminate decision-making, and emotional biases that come into play when picking active funds

Covid-19: Poor countries staring at a debt crisis, says UN report

Many workers in the gig economy, dominated by service sector start-ups, are poorly protected against income losses in a recession

World coronavirus dispatch: Global economies to lose $5 trn in two years

From global economic cost of Covid-19 crisis, to a second relief package by the US, an elusive one by the EU, and Dubai allowing home delivery of liquor - read these and more in today's world dispatch

Global trade likely to fall by 13-32% in 2020 amid Covid-19 outbreak: WTO

Drop in world commerce might be biggest since the Great Depression

Focusing multilateral money

World Bank and IMF must step up to protect pvt sector, govts

Markets shed Covid-19 pessimism with biggest single-day gain since 2009

Sentiment improves as virus spread shows signs of slowing

Railway deal, coronavirus' disruption of global trade to weigh on Concor

While valuations are attractive, disruption will keep volumes muted

Coronavirus-induced recession way worse than 2008 financial crisis: IMF

More than 1 million people worldwide have been infected with Covid-19