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Monday, September 21, 2020

Global economic growth seen slowing to post-trade crisis pace

By William Horobin OECD cuts forecasts and warns of entrenched uncertainty Says fiscal policy must do more as central banks are stretched OECD’s Laurence Boone explains why the organization sees the weakest global growth since the financial crisis. Intensifying trade...

‘Awfully high’ risks of a global recession in the next 12-18 months, Moody’s chief economist says

Avoiding a recession requires many factors to “stick to script” at the same time, says Mark Zandi, chief economist of Moody’s Analytics. That includes U.S. President Donald Trump not escalating the tariff war with China, the U.K....

How traffic jams cost the US economy billions of dollars a year

If you’re like the 76% of Americans who drive to work alone, you’ve probably commuted in stop-and-go traffic with no end in sight. Then, when the road finally clears, you realize there was no reason for traffic to be stopped in the first place. Experts...

African economies must shun Eurobonds that mature before the infrastructure projects

NIGERIA and other governments in Africa need to be tougher when negotiating the terms of Eurobonds and commercial loans, the African Development Bank (AfDB), warned on Monday. Its President, Dr Akinwumi Adersina, said some external debts mature before the infrastructure projects they fund start generating...

Third-quarter economic growth is expected to be a tepid 1.6%, but markets could look past it

Third quarter growth is expected to be just 1.6%, but the markets should look past the weak report as investors await the Fed. The weak number reflects declines in business...

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...

Fed rate cut piles pressure on Lagarde to take action

Christine Lagarde has been in charge of the European Central Bank for only four months but her decisive test has come early in her term of office: how to respond to the economic impact of coronavirus. The US Federal Reserve’s emergency rate cut on Tuesday...

IMF chief calls for tax hikes on the wealthy to reduce inequality

Governments should consider raising taxes on society’s wealthiest to tackle inequality, according to the head of the International Monetary Fund (IMF). In a blog post on Tuesday, Kristalina Georgieva, managing director of the IMF, said inequality had become “one of the most complex and vexing...

Higher Growth. Lower Crime?

By Dmitry Plotnikov Central America remains one of the world’s most violent regions, where about 4.5 percent of the world’s homicides occur. The region has only about 0.5 percent of the world's population. But thanks mainly to increased security efforts by the region’s governments, homicide rates...

What to expect from Global Economy from April 20,2020

After a weekend-long and eventful negotiation, OPEC and its allies agreed to cut crude production by a historic 9.7mb/d. The agreement is expected to effectively take off on the 1st of May, 2020, and last till the end of June. Then, the cut will be reduced...
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