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Wednesday, July 8, 2020

Citi sees no trade deal before 2020 election

Trade negotiations between the U.S. and China broke down last month. Investment bank Citi said on Wednesday that it sees “no deal before the 2020 US election.” As the trade war continues, Citi expects...

Germany’s coronavirus infection rate edges higher after lockdown measures eased

Germany’s coronavirus infection rate has edged up, prompting concerns. The head of the country’s infectious diseases institute to urge people to stay at home as much as possible. Germany has already started to relax lockdown measures. Germany’s coronavirus infection rate has reportedly edged up, prompting the head...

In Depth: Is the Next Global Recession in Sight?

By Wang Liwei, Yu Hairong, Zeng Jia, Zhang Qi and Han Wei As the Chinese proverb says: The moon waxes only to wane, and water surges only to overflow. After nearly 10 years of steady expansion, the world economy faces growing concerns of a looming recession....

The Economic Cost of Devaluing “Women’s Work”

Kristalina Georgieva, Cristian Alonso, Era Dabla, and Kalpana Kochhar As much as half of the world’s work is unpaid. And most of it is done by women. This imbalance not only robs women of economic opportunities. It is also costly to society in the form...

Governments could save $1 trillion in taxes by curbing corruption, new IMF research saysBY

BY Elizabeth Schulze Among advanced economies, countries with the lowest levels of corruption collected nearly 5 percent of GDP more in tax revenues on average than countries with the highest levels of corruption, the...

Global Economy Slumped into Recession in H1 2020

H1 2020 was overshadowed by the widespread COVID-19 pandemic which precipitated border closures, export restrictions of critical medical supplies, business shutdowns, demand and supply shocks and initial panic across the financial markets. These basically shaped the theme for the global economy which basically fell into...

Finding Solid Footing for the Global Economy

Tentative Stabilization, Sluggish Recovery? 2019 in Review: The Global Economy Explained in 5 Charts New Data on World Debt: A Dive into Country Numbers By Kristalina Georgieva As the Group of Twenty industrialized and emerging market...

Oil markets could face oversupply in 2020, the IEA says

In its latest monthly report, the Paris-based agency cut its oil demand growth figure by 100,000 barrels a day for both 2019 and 2020. Oil demand is expected grow 1.2 million barrels a day in 2020, IEA said in the...

Can the German economy pull Europe out of the coronavirus crisis?

When the coronavirus pandemic hit, Bauer Group, an industrial compressor-maker based in Munich, tore up its business plan and wrote a new one. With its big clients in the automotive industry laid low, it pivoted to other, more crisis-resistant customers in research institutes and the...

Global economy loses $2.2trn to illicit trade – Analyst

Esteban Giudici, Senior Analyst, Transnational Alliance has said that economic leakages from illicit trade create an annual drain on the global economy of 2.2 trillion dollars, equivalent to three per cent of the world’s economy. Giudici said this during the 2019 Africa Security Forum (ASF)...
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