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Saturday, July 4, 2020

‘Big uncertainty’ over US oil output in 2020 will be critically important to oil prices, analysts say

Speaking to CNBC’s “Squawk Box Europe” on Thursday, Chris Weafer, a senior partner at Macro-Advisory, suggested three “critical factors” were set to have the greatest influence over crude futures this year. The first two factors were identified...

US Economy shrank 4.8% in the first quarter amid biggest contraction since the financial crisis

GDP in the first quarter contracted 4.8%, compared to estimates of a 3.5% drop, the Bureau of Economic Analysis reported Wednesday. This was the first negative reading since the first quarter of 2014, though not as bad as the worst of the financial crisis. Economists expect...

Mexico’s economy has not been this weak relative to the US since the ‘Tequila crisis’ in the 1990s

Revised data shows Mexico’s economy contracted by about 0.1% for three straight quarters before remaining static in the third trimester of 2019. Mexico’s economic slowdown is unusual because the U.S. economy is still growing. ...

Managing Debt Vulnerabilities in Low-Income and Developing Countries

Government debt in some of the world’s poorest countries is rising to risky levels, a new IMF report shows. The report looks at economic developments and prospects among the world’s low-income countries, which account for a fifth of the world’s population but...

World Bank cuts Sub-Saharan Africa’s 2019,2020 economic growth forecast

NAIROBI, Oct 9 (Reuters) - The World Bank on Wednesday cut its economic growth forecast for sub-Saharan Africa for 2019 to 2021 by 0.2 percentage points from its earlier projection, citing a slowdown in fixed investment and policy uncertainty in the global economy. The bank...

A Global Picture of Public Wealth

By Jason Harris, Abdelhak Senhadji, and Alexander F. Tieman Our new data on government assets released today shows that when governments know what they own, they can make better use of the assets for the well-being of all their citizens. We make these data...

Global recession is the number one fear for CEOs in 2019, survey says

Recession seen as CEO’s number one external concern for 2019. US bosses are most fearful of cybersecurity breaches. Keeping and attracting talent the biggest concern within businesses. As the World Economic Forum (WEF) in Davos...

Developing countries face economic collapse in COVID-19 fight: UN

$220bn in lost income; nearly half of all jobs in Africa wiped out; UNDP warns of economic devastation for poor nations. The coronavirus outbreak threatens to disproportionately devastate the economies of already impoverished countries as they gear up to tackle a health crisis with extremely...

Elumelu says Covid-19 Presents Opportunity to Reset African economies

·Advocates Martial Plan to Boost Electricity And Ease Debt Burden ·Wants Youths Prioritised as SMEs are Empowered The Chairman of the United Bank for Africa (UBA) Plc, Tony Elumelu, has stated that the Coronavirus Pandemic currently ravaging the world presents an opportunity to reset the African...

Test, trace, isolate: Governments must do these three things before reopening economies, expert warns

Governments need to implement three things to break Covid-19′s “chains of transmission” before reopening their economies, a global health expert and physician told CNBC. Peter Drobac, director of the Skoll Centre for Social Entrepreneurship at Oxford University, warned on Tuesday that easing lockdowns without taking...
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