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OECD lowers global, US economic growth forecasts

Agence France-Presse
Posted at Sep 21 09:20 PM

The OECD warned Tuesday of an "uneven" global economic recovery as it lowered its 2021 growth forecasts for the world and the United States. 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 »

World economy back at pre-pandemic level, says data firm

Agence France-Presse
Posted at Jun 22 04:11 AM

The Asia-Pacific region recovered from the pandemic recession at the end of last year thanks to the resilience of China's economy.   Read more »

Oil falls as India's COVID-19 surge dents demand outlook

Reuters
Posted at Apr 26 08:15 PM

Oil prices fell $1 on Monday on fears that surging COVID-19 cases in India will dent fuel demand in the world's third-biggest oil importer, while an expected supply increase from OPEC+ also added to pressure. Read more »

IMF says investments in vaccines 'pay for themselves'

Agence France-Presse
Posted at Apr 07 08:46 PM

Public spending aimed at accelerating Covid-19 vaccination campaigns and ending the pandemic will generate returns and boost economic growth, the IMF said on Wednesday.   Read more »

IMF upgrades global growth outlook again as some COVID clouds begin to clear

Rob Lever, Agence France-Presse
Posted at Apr 06 09:19 PM

The International Monetary Fund raised its outlook for global economic growth again on Tuesday, forecasting worldwide output would rise 6 percent this year, a rate unseen since the 1970s, thanks largely to the unprecedented policy responses to the COVID-19 pandemic.   Read more »

G20 to discuss uneven recovery from COVID crisis, officials say

Reuters
Posted at Apr 06 03:27 PM

The world's financial leaders will discuss on Wednesday how to coordinate policies to prevent their virus-battered economies emerging from recession at highly different speeds, officials said ahead of the virtual meeting.   Read more »

WTO needs to show results on economic crisis, vaccines: Okonjo-Iweala

Heather Scott, Agence France-Presse
Posted at Feb 17 12:48 PM

Nigeria's Ngozi Okonjo-Iweala, newly selected head of the World Trade Organization (WTO), said Tuesday she will push for concrete results in addressing the dual economic and health crises facing the globe. Read more »

At Davos 2021, Asia to lead while the world waits for US President Biden's address

ABS-CBN News
Posted at Jan 29 01:18 PM

Milken Institute’s Katoro Tamura said China and other Asian countries are set to take global leadership on the Davos Agenda 2021, but hopes the world will hear soon from newly installed US President Joe Biden. Read more »

Factories bounce back from COVID-19 hit, tighter controls cloud outlook

Jonathan Cable and Leika Kihara, Reuters
Posted at Jan 04 07:17 PM

Manufacturers across Europe ended 2020 on a high while Asian factory activity expanded moderately thanks to robust demand in regional giant China, surveys showed, but the prospect of tougher coronavirus curbs clouded the outlook for the recovery.   Read more »

China will conduct talks on EU investment pact 'at its own pace'

Yew Lun Tian, Reuters
Posted at Dec 25 07:39 PM

China will conduct talks on an investment pact with the European Union "at its own pace", its foreign ministry said on Friday, raising doubts about whether a deal can be sealed by year-end. Read more »

New Zealand rebounds from recession with record GDP growth

Kyodo News
Posted at Dec 17 04:44 PM

New Zealand's economy grew a record 14.0 percent in the July-September quarter from the previous quarter, bringing the country out of its first recession in almost 10 years, official data showed Thursday. Read more »

For the world economy, a grim slog tempered by new hopes

Peter S. Goodman, The New York Times
Posted at Nov 29 10:44 AM

Nearly a year into a pandemic that has ravaged the global economy like no time since the Great Depression, the only clear pathway toward improved fortunes is containing the virus itself.   Read more »

G20 leaders seek to help poorest nations in post-COVID world

Raya Jalabi, Ryan Woo and Andrea Shalal, Reuters
Updated as of Nov 22 08:59 AM

Leaders of the 20 biggest economies on Saturday vowed to ensure a fair distribution of COVID-19 vaccines, drugs and tests around the world and do what was needed to support poorer countries struggling to recover from the coronavirus pandemic. Read more »

Kuroda says BOJ will help keep FX moves stable, watching U.S. election fallout

Leika Kihara, Reuters
Updated as of Nov 04 12:08 PM

Bank of Japan Governor Haruhiko Kuroda said the central bank will work closely with financial authorities to help keep currency moves stable, adding he was closely watching how the outcome of the U.S. presidential election could affect markets.   Read more »

IMF says governments should target scarce resources to new jobs

Agence France-Presse
Posted at Oct 14 08:43 PM

As demands increase on their limited resources, governments will need to raise taxes on wealthier families and firms and target spending away from protecting "old jobs," the IMF said Wednesday.   Read more »

World GDP to drop 4.4% in 2020, rise 5.2% 2021: IMF

Agence France-Presse
Posted at Oct 13 09:10 PM

Global growth will collapse 4.4 percent this year, less than previously expected, the IMF said Tuesday, though the outlook is beset by uncertainty amid the ongoing pandemic. Read more »

Pandemic pushes millions of shoppers online in Latin America

Sofia Miselem with AFP bureaus in Latin America
Posted at Oct 01 03:32 PM

The e-commerce industry has been one of the big winners of the coronavirus outbreak as fears of infection and lockdown measures keep people at home. Read more »

Pope steps up call for poor country debt cancellation

Agence France-Presse
Updated as of Sep 01 10:10 PM

Pope Francis renewed a call on Tuesday for the cancellation of debt owed by poor countries in the face of the coronavirus pandemic, saying it was time for restorative justice. Read more »

US, China to discuss trade deal amid COVID-19 disruption

Agence France-Presse
Posted at Aug 14 01:43 PM

Negotiators from the United States and China will on Saturday discuss the "phase one" trade deal signed earlier this year -- before the coronavirus slammed the world economy and relations between the two economic powers took a turn for the worse.   Read more »