Page 11 - World Economy

World Coronavirus Dispatch: World economy to shrink 4.5% this yr, says OECD

The better view reflects the strong economic pickup in recent months and the vast injection of public resources

OECD sees world economy withstanding coronavirus better than forecast

The better view reflects the strong economic pickup in recent months and the vast injection of public resources

Major 20 economies see unprecedented contraction amid Covid-19: Report

A global development agency said the world's 20 major industrialised nations have seen their economies shrink in an unprecedented manner between April and June amid the Covid-19 pandemic

World economy unlikely to attain pre-Covid output level before 2022: Report

With COVID-19 still dominating major developments globally, the world economy is not likely to re-attain pre-pandemic output levels before 2022, says a report. According to Dun & Bradstreet Country Risk and the Global Outlook, "nothing about the pandemic can be classified as over, despite recoveries in activity levels in some economies in Q3, as evident in PMIs (Purchasing Managers Indices), Google Mobility data and monthly economic data". Unemployment will keep rising above the pre-pandemic baseline as government programmes are phased out and cease to protect workers, while the pace of what recovery there is may yet weaken in Q4, said Arun Singh, Global Chief Economist, Dun & Bradstreet. Singh further said "we do not expect the world economy to re-attain pre-pandemic output levels before 2022. The biggest question mark is not over the depth of the recent shock but over its persistence." According to Singh, "in India, the pace of economic revival will depend on how quickly the

How the US can support developing countries fighting Covid-19 for $0

The economic fallout from the pandemic is also a challenge, particularly for governments like Nigeria whose economy, like the majority of African countries, is largely commodity dependent

Steel demand to fall significantly in FY21 due to Covid-19: Chandrasekaran

A contraction in the global GDP is not at all a good sign for the global steel sector as steel demand is positively correlated with the economic growth.

As economy staggers, Sino-US tensions rise, plenty could go wrong this Aug

US election contest gets ugly. Now watch Turkey, at risk of repeating the 2018 lira crisis

Housing sales down 67% in April-June due to Covid-19 lockdown: Report

Gurugram saw 79 per cent fall to 361 units for the period under review as compared to 1,707 units in same period last year

IMF says coronavirus crisis could ultimately test $1 trillion war chest

The IMF on Tuesday forecast a deeper global recession than initially anticipated, as business closures, travel restrictions and social distancing measures persist in most countries

No breakthrough yet from plodding global recovery outlook: Reuters poll

The outlook for a global economic recovery over the past month has worsened or at best stayed about the same, according to a firm majority of economists in Reuters polls

Market Ahead, May 26: Top factors that could guide markets this week

Corporate results will continue to pour in throughout the week. Investors will first react to HDFC's and other results that were announced over the weekend

World economy will struggle to bounce back from Covid-19 lockdowns: Reports

While growth in the hardest hit economies may snap back briefly, the momentum will soon fade, a financial research firm warned

UN forecasts Covid-19 to shrink world economy by 3.2%, sharpest since 1930s

The UN's mid-year report said the impact of the coronavirus crisis is expected to slash global economic output by nearly $8.5 trillion over the next two years

Top headlines: Losses for Indian airlines, Chris Wood rejigs India exposure

As regards India, Wood remains concerned that the lockdown in the economy continues, which in turn, will impact the consumer lending cycle

Covid-19 will reboot world into virtual reality: Kiran Mazumdar-Shaw

This Covid-19 outbreak is a lesson that technology has many faces and being besotted with only one application of computational science is dangerous, Mazumdar-Shaw said

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

India to grow at 1.9% in FY21, recover to 7.4% path in 2021-22: IMF

The country will still be the fastest growing large economy this financial year, but it will lose that tag next year to China, says the agency.

Economists bet on solid rebound after world recovers from Covid-19 crisis

The impact is more akin to a natural disaster like a hurricane, said economists at the New York Federal Reserve Bank

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

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

Covid-19: Recession for world economy; India, China likely exceptions: UN

The report did not give a detailed explanation as to why and how India and China will be the exceptions as the world faces a recession and loss in global income that will impact developing countries