Page 8 - World Economy
Israel's GDP grows 8.1% in 2021, highest since 2000, says report
The country's GDP increased by 3.6 per cent in 2019, and decreased by 2.2 per cent in 2020 due to the Covid-19 pandemic
 "Israel's GDP grows 8.1% in 2021, highest since 2000, says report")
Developing nations face growing risks from financial fragility: World Bank
High levels of non-performing loans and hidden debt impair access to credit, and "disproportionately" reduce access to finance for low-income households and small businesses: World Bank
 "Developing nations face growing risks from financial fragility: World Bank")
Japan economy grew last quarter on better spending, exports
Japan's real gross domestic product, or GDP, which measures the value of a nation's products and services, grew 1.3 per cent from the previous quarter
 "Japan economy grew last quarter on better spending, exports")
$100 oil threatens to compound world economy's inflation shock
That's a worrying combination for the U.S. Federal Reserve and fellow central banks as they seek to contain the strongest price pressures in decades
 "$100 oil threatens to compound world economy's inflation shock")
EU economy should be back on track after winter slowdown: Official
The EU's economy grew by 5.3 per cent in 2021.
 "EU economy should be back on track after winter slowdown: Official")
Bangladesh sees 6.94% economic growth in 2020-21 fiscal year
The gross national income per capita rose to $2,591 last fiscal year from $2,326 the previous 2019-20 fiscal year.
 "Bangladesh sees 6.94% economic growth in 2020-21 fiscal year")
Asian stock markets slip as US jobs stunner hammers bonds
Geopolitics also remained a worry as the White House warned Russia could invade Ukraine any day and French President Emmanuel Macron prepared for a trip to Moscow
 "Asian stock markets slip as US jobs stunner hammers bonds")
Goodbye easy money as hawkish central banks speed up rate hikes
Rates are rising because policy makers judge that the global inflation shock now poses a bigger threat than further damage to growth from Covid-19
 "Goodbye easy money as hawkish central banks speed up rate hikes")
'Too early to say' if world faces sustained inflation: IMF chief Georgieva
The IMF last week cut its economic forecasts for the United States, China and the global economy
 "'Too early to say' if world faces sustained inflation: IMF chief Georgieva")
China Jan factory activity growth slows, demand wanes as Covid surges
China's economy started last year strong, reviving from a sharp pandemic-induced slump, but it started losing momentum in the summer
 "China Jan factory activity growth slows, demand wanes as Covid surges")
Would target $300 bn services exports in 2022-23: Export promotion council
SEPC looks to set an export target of 300 billion for 2022-23 as it expects resumption of regular international travels and other business activities in the coming time
 "Would target $300 bn services exports in 2022-23: Export promotion council")
Airlines to supermarkets: Living with Covid is tough in gridlocked economy
The surging omicron variant is complicating the recovery for a world economy that continues to be wracked by supply chain chaos, worker absenteeism and faltering assembly lines
 "Airlines to supermarkets: Living with Covid is tough in gridlocked economy")
World Economy to lose $12.5 trn in output by 2024 due to Covid: IMF Chief
The world economy will lose $12.5 trillion in output by 2024 due to the pandemic, the International Monetary Fund managing director said on Thursday.
Rio Tinto sees soft 2022 iron ore shipments on labour, project issues
The world's biggest iron ore producer said it expects to ship between 320 million and 335 million tonnes in 2022 from a region in Western Australia.
 "Rio Tinto sees soft 2022 iron ore shipments on labour, project issues")
Covid-19 pandemic, China on agenda as WEF kicks off today
The gathering is a vital cease on the annual circuit for the worldwide elite
 "Covid-19 pandemic, China on agenda as WEF kicks off today")
Sell dollar for everything else is echoing across world trading rooms
A growing chorus of investors is betting the world's reserve currency has reached a peak in a dramatic turnaround from a month ago.
 "Sell dollar for everything else is echoing across world trading rooms")
Emerging markets stare at higher interest rate as bond yields spike in US
The US bond market has given up all gains it made from the ultra-low interest rate policy initiated by the Fed after the Covid-19 pandemic break-out in early March 2020
 "Emerging markets stare at higher interest rate as bond yields spike in US")
World population surged 74 mn in 2021, expected to be 7.8 bn: Report
The Census Bureau estimate represents a 0.2% growth rate from New Year's Day 2021 to New Year's Day 2022
 "World population surged 74 mn in 2021, expected to be 7.8 bn: Report")
World economy to top $100 trillion in 2022 for first time: Report
India will regain sixth position from France next year and become third largest economy in 2031, says study
 "World economy to top $100 trillion in 2022 for first time: Report")
Japan service sector firms' mood perks up, Omicron clouds outlook: Survey
Big manufacturers' confidence was flat from three months ago and companies saw business conditions worsening ahead.
 "Japan service sector firms' mood perks up, Omicron clouds outlook: Survey")
