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Super-rich thrive as COVID-19 pushes millions into poverty

Emma Batha, Thomson Reuters Foundation
Posted at Jan 18 09:16 PM

The 10 richest people have boosted their fortunes by $15,000 a second or $1.3 billion a day while more than 160 million people were pushed into poverty during the pandemic. Read more »

With Omicron, global economy spots chance to push past COVID

Mark John and Howard Schneider, Reuters
Posted at Jan 18 07:55 PM

Governments worldwide are easing quarantine rules, reviewing coronavirus curbs and dialing back pandemic-era emergency support as they bid to launch their economies back into some version of normality. Read more »

Global jobs recovery delayed by pandemic uncertainty, Omicron

Emma Farge, Reuters
Posted at Jan 17 07:52 PM

The global job market will taker longer to recover than previously thought, with unemployment levels set to remain above pre-COVID-19 levels until at least 2023. Read more »

US Fed signals 3 rate hikes in 2022 as inflation fight begins

Howard Schneider and Jonnelle Marte, Reuters
Posted at Dec 16 08:29 AM

The Federal Reserve said it would end its pandemic-era bond purchases in March and pave the way for three quarter-percentage-point interest rate hikes by the end of 2022 as the economy nears full employment and the US central bank copes with a surge of inflation. Read more »

Dollar holds near 14-month high to euro on inflation fears

Kevin Buckland, Reuters
Posted at Oct 07 10:39 AM

The dollar held close to a 14-month high against the euro on Thursday as a surge in energy prices fuelled worries that inflation could crimp economic growth. Read more »

Factories hit by pandemic-related supply disruptions

Jonathan Cable and Leika Kihara, Reuters
Posted at Sep 01 06:54 PM

Global factory activity lost momentum in August as the ongoing coronavirus pandemic-disrupted supply chains. Read more »

IMF officially approves increased lending capacity

Agence France-Presse
Posted at Aug 03 10:57 AM

The board of governors of the International Monetary Fund on Monday greenlit increasing the institution's lending capacity by $650 billion, the last step in approving an initiative to boost aid to the most vulnerable countries.   Read more »

Global growth to stay strong but virus the top risk, say economists

Reuters
Posted at Jul 27 01:12 PM

Global economic growth prospects are holding strong for this year and next, despite a significant majority of economists in Reuters polls warning new variants of the coronavirus pose the biggest risk to that outlook. Read more »

Virus variants threaten global recovery, G20 warns

Gavin Jones and Leigh Thomas, Reuters
Posted at Jul 11 07:53 AM

An upsurge in new coronavirus variants and poor access to vaccines in developing countries threaten the global economic recovery, finance ministers of the world's 20 largest economies warned on Saturday. Read more »

One in two people globally lost income due to the pandemic - Gallup

Nita Bhalla, Thomson Reuters Foundation
Posted at May 03 01:25 PM

One in two people worldwide saw their earnings drop due to the coronavirus, with people in low-income countries particularly hard hit by job losses or cuts to their working hours, research showed on Monday. Read more »

COVID vaccination delays top risk for global economy: IMF official

Agence France-Presse
Posted at Apr 14 12:19 PM

Delays in COVID-19 vaccinations are the top risk facing the global economy, and getting people in poor countries inoculated should be a top priority, the IMF's chief economist said Tuesday. Read more »

IMF warns more funding needed to safeguard global economy

Heather Scott, Agence France-Presse
Posted at Apr 09 03:08 AM

US Treasury Secretary Janet Yellen pushed for "significant" new spending to ensure a solid rebound from the damage inflicted by the COVID-19 pandemic. Read more »

IMF sees signs of stronger global recovery, but significant risks remain

Andrea Shalal, Reuters
Posted at Mar 21 09:56 AM

The No. 2 official at the International Monetary Fund on Saturday pointed to emerging signs of a stronger global economic recovery, but warned that significant risks remained, including the emergence of mutations of the coronavirus. Read more »

Vaccine rollout, US stimulus boost global economic outlook - OECD

Leigh Thomas, Reuters
Posted at Mar 09 08:20 PM

The global economic outlook has brightened as COVID-19 vaccine rollouts speed up in some countries and the United States launches a vast new stimulus package, the OECD said on Tuesday, hiking its forecasts. Read more »

Tech demand drives Asia's factory revival, China's slowdown puts dampener

Leika Kihara, Reuters
Posted at Mar 01 02:03 PM

Solid demand for technology goods drove extended growth in Asia's factories in February, but a slowdown in China underscored the challenges facing the region as it seeks a sustainable recovery from the shattering COVID-19 pandemic blow.   Read more »

Biden to put focus on China, pandemic and economic recovery at G7 talks

Catherine Wong, South China Morning Post
Posted at Feb 16 01:04 PM

Dealing with the China challenge will be among the key issues for discussion when Joe Biden joins leaders of the Group of Seven nations for virtual talks on Friday, his first multilateral summit as US president.   Read more »

UK's Johnson to host virtual G7 meeting to push for global vaccine roll-out

Reuters
Posted at Feb 14 08:42 AM

British Prime Minister Boris Johnson will host a virtual meeting of G7 leaders next week to call for action to ensure equal global distribution of COVID-19 vaccines, and to prevent future pandemics, his office said on Saturday. Read more »

IMF lifts global growth forecast for 2021, still sees 'exceptional uncertainty'

Andrea Shalal, Reuters
Posted at Jan 27 06:52 AM

The International Monetary Fund on Tuesday raised its forecast for global economic growth in 2021 and said the coronavirus-triggered downturn last year - the biggest peacetime contraction since the Great Depression - would be nearly a full percentage point less severe than expected.   Read more »

China-EU investment deal allows for arbitration to settle disputes, documents show

Frank Tang in Beijing, South China Morning Post
Posted at Jan 24 07:39 AM

The Comprehensive Agreement on Investment has been hailed as a breakthrough in the China-EU relationship, which has been fraught with trade disputes. The full text of the deal also shows introduction of stricter clauses on market access and technology transfers. Read more »

IMF chief sees 'high degree of uncertainty' in global outlook

Andrea Shalal, Reuters
Posted at Jan 19 11:08 AM

The head of the International Monetary Fund on Monday said the global lender needed more resources to help heavily indebted countries, citing a highly uncertain global economic outlook and a growing divergence between rich and poor countries. Read more »