Page 12 - World Economy
World coronavirus dispatch: US crosses 100,000 cases; jobs cuts fear global
Read in today's global Covid-19 digest: Horde among machine makers to produce ventilators; world's richest footballers in for a pay cut; Apple's dedicated Covid-19 screening app; and more
 "World coronavirus dispatch: US crosses 100,000 cases; jobs cuts fear global")
Is 'universal basic income' a possible remedy for economies hit by virus?
Now, with the US economy crippled as people hunker down at home, the likes of conservative Republican Senator Mitt Romney are raising the idea
 "Is 'universal basic income' a possible remedy for economies hit by virus?")
Covid-19: US headed towards recession, but Silicon Valley still optimistic
A total of 218 people have died in the US due to the fast-spreading coronavirus pandemic
 "Covid-19: US headed towards recession, but Silicon Valley still optimistic")
Covid-19 crushing GDP growth, world moving towards recession: Fitch Ratings
Falling GDP in China is virtually unprecedented and, in the near term at least, these numbers look worse than most previous hypothetical 'hard-landing' scenarios
 "Covid-19 crushing GDP growth, world moving towards recession: Fitch Ratings")
Coronavirus pandemic has already put global economy into recession: Poll
More than three-quarters of economists based in the America, and Europe polled this week
 "Coronavirus pandemic has already put global economy into recession: Poll")
Coronavirus wrap: Exams deferred, soldiers on alert, Ramdev claim blasted
Prime Minister Narendra Modi will speak to the nation on Thursday evening about the coronavirus crisis. Here is all the important news about Covid-19 from Wednesday
 "Coronavirus wrap: Exams deferred, soldiers on alert, Ramdev claim blasted")
Coronavirus may spark global recession; worst since 2001: Morgan Stanley
A BofA Securities' Fund Manager Survey for March suggests investor sentiment has collapsed on the back of the coronavirus, oil shock, recession, and debt default risk.
 "Coronavirus may spark global recession; worst since 2001: Morgan Stanley")
US Fed cuts rates, central banks coordinate to cushion coronavirus blow
The Bank of Japan just said it will hold an emergency meeting Monday, instead of the March 18-19 scheduled one
 "US Fed cuts rates, central banks coordinate to cushion coronavirus blow")
Lessons for handling virus shocks
The coronavirus has touched off an accelerating series of economic and social disruptions around the world
 "Lessons for handling virus shocks")
Coronavirus may shrink world economy, cause repeat of 2008 crisis: Report
The OECD said China's reduced production is hitting Asia particularly hard but also companies around the world that depend on its goods
 "Coronavirus may shrink world economy, cause repeat of 2008 crisis: Report")
Beyond green shoots: How to ensure speed and quality of economic recovery
Unless key issues are addressed, even if growth bounces back from the sub-5 per cent, it will stay lower than the already inadequate long-term average of 6.6%, writes T N Ninan
Coronavirus epidemic poses a bigger risk to economy: ECB's Philip Lane
"More widespread contagion and a longer interruption in normal economic activity constitute additional downside risks to near-term projections," Lane told an audience in London.
 "Coronavirus epidemic poses a bigger risk to economy: ECB's Philip Lane")
Markets catch coronavirus flu: World indices slip into the red, gold rises
The Indian indices fell over 1% as earnings disappointment, coupled with the virus scare, hit sentiment
 "Markets catch coronavirus flu: World indices slip into the red, gold rises")
Economic 'Doom Loops' get harder to avoid
The ability to maintain this inherently unstable equilibrium remains the key to the prospects of advanced economies
World economy gets new lease of life on US-China trade deal, Brexit outlook
Morgan Stanley economists expect the global economy to recover some momentum in 2020
 "World economy gets new lease of life on US-China trade deal, Brexit outlook")
Is more debt the way out for a world economy that already owes $250-trn?
Fiscal hawks argue such proposals will merely sow the seeds for more trouble. But the needle seems to be shifting on how much debt an economy can safely carry
 "Is more debt the way out for a world economy that already owes $250-trn?")
Global goods growth in Q4 to remain below trend over rising tariffs: WTO
Its latest quarterly barometer showed growth in global merchandise trade rose by 0.2% in the second quarter of this year against 3.5% in same period of 2018
 "Global goods growth in Q4 to remain below trend over rising tariffs: WTO")
World economy needs intellectual revolution to get out of low-growth trap
Modern policy makers operate in a world of radical uncertainty. They simply do not know what might happen next - and under these conditions, economic models need to be seen in a new light
 "World economy needs intellectual revolution to get out of low-growth trap")
The clouds over 2020
The last few months have brought us an avalanche of downgraded forecasts from all international and private sector financial institutions and think tanks
 "The clouds over 2020")
World economy chiefs mull fiscal stimulus to revive global growth
A synchronized slowdown across almost 90 per cent of the world economy dominated talks at the International Monetary Fund and World Bank's annual meetings in Washington
 "World economy chiefs mull fiscal stimulus to revive global growth")
