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Saturday, July 11, 2020

Trade war could trigger a ‘global financial crisis,’ says ex-China central bank chief

“If the China-U.S. trade war continues to grow larger, it may cause the global economy to decline, and may cause a global financial crisis,” says Dai Xianglong, former governor of the People’s Bank of China. Dai...

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...

Fed faces tricky balancing act in recession response

Fed faces tricky balancing act in recession response

The current bond yield stagnation mirrors late-1800s ‘long depression,’ economist suggests

TS Lombard compared the current persistent low-rate equilibrium and market hysteresis against the Bank of England’s historical database to analyze past “secular real-rate depressions” and what event triggered their reversal. The current “secular stagnation” for bond yields offers close parallels to...

Global economy expected to shrink by 5.2% in 2020 due to COVID-19

The swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have plunged the global economy into a severe contraction. According to World Bank forecasts, the global economy will shrink by 5.2% this year. Global Poverty: Using the newly launched growth...

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,...

U.S. will see “suicides by thousands” if coronavirus devastates the economy, Trump warns

President Trump said Tuesday during a Fox News virtual townhall that he wants the country’s economy re-opened by Easter amid questions over how long people should stay home and businesses should remain closed to slow the spread of coronavirus. Speaking from the Rose Garden alongside...

Global recession fears are overblown, even as growth will stay ‘sluggish’ in 2019: PNC

Global growth fears may soon loosen their hold on the U.S. stock market, says PNC’s Jeff Mills. “I think, as we move into the second half of the year, this narrative of global growth potentially causing problems here in the U.S. is going to shift...

Fitch predicts negative 2020 global shipping outlook

• Large vessel delivery hit a record high in 40 years The year 2020 may not be so rosy for the shipping sector, going by a new report by Fitch Ratings, which predicted that the ‘shipping outlook is negative”. The rating agency noted that several factors...

Looking for recession signs? Follow the jobs, says Credit Suisse economist

by Kelly Olsen Investors worried about when the next recession will hit should pay close attention to the overall labor market for clues, said Credit Suisse Chief Economist James Sweeney. Traditional harbingers such as...
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