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Lagos, South Africa and New York
Sunday, July 12, 2020

Rrising corporate and govt debt makes global economy more vulnerable

Rising corporate and government debt levels and the sharp increase in more risky lending could leave the global economy vulnerable to another severe downturn, the International Monetary Fund warned Wednesday. While the concerns “aren’t all setting off alarm bells just yet,” governments will...

Lenders in Africa Find Solace in 12% Bond Yields as Loans Dry UP

p By Moses Mozart Dzawu and Emele Onu Lenders park funds in government bonds as credit demand wanes Moody’s sees subdued lending growth as virus elevates risks Measures by some African countries to get money flowing into the real economy aren’t working yet, with banks parking cash...

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...

Lagarde Says U.S.-China Trade War Looms Large Over Global Growth

By Jess Shankleman The head of the International Monetary Fund reiterated her call for the U.S. and China to de-escalate their trade war, which she warned is the biggest risk to global economic growth. The global economy remains "precarious" despite projections for continued growth and early...

IMF: COVID-19 may trigger global recession in 2020

The coronavirus pandemic will cause a global recession in 2020 that could be worse than the one triggered by the global financial crisis of 2008-2009, but world economic output should recover in 2021, the International Monetary Fund said on Monday. IMF Managing Director Kristalina Georgieva...

Growth in major Asian economies set to slow more than expected, IMF says

Among the worst-hit major economies in the region that IMF projected could slow worse than it originally predicted, Hong Kong’s economy – already battered by the months-long unrest – could grow 0.3% this year and 1.5% in 2020. That’s respectively...

IMF encouraged by recovery in China, but warns pandemic could resurge

WASHINGTON (Reuters) - The International Monetary Fund cited limited but encouraging signs of recovery in China, the first country to suffer the full force of the COVID-19 pandemic, but said it could not rule out a resurgence of the pandemic in China and elsewhere. In...

2020 Economic Outlook: Trade, Global Growth, and U.S. Political Shock Key Risk Factors in Forecast

Today, SIFMA unveiled the results of its biannual survey of the chief U.S. economists of many of SIFMA’s global and regional firms. Compared with the June survey, the economists surveyed increased their GDP growth estimates by 0.05% for 2019 to a median forecast of...

Investing in Africa’s People Yields Impact, Strengthens Efforts to Beat Pandemic

Every sunset, Salamatu Bangura makes her way down to the shores of Bonga Wharf, about 20 miles southeast of Freetown, Sierra Leone. There, she greets the pink skies and familiar faces of the fishermen who loan her fish that she will later sell at...

Singapore’s not going into a recession ‘at this point,’ trade minister says

Singapore’s economy — often seen as a bellwether for global growth — avoided a technical recession after growing by 0.6% in the third quarter, compared to the previous three months. Asked if Singapore can avoid a recession,...
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