Business / Economy Aug 1, 2020
World economy’s sputtering recovery threatened by flaring coronavirus
by Enda Curran
The Asia-Pacific region has been hit hard by a resurgence in the number of COVID-19 cases in recent weeks.
Business / Economy Aug 1, 2020
Charting the global economy: GDP report cards are out and awful
Report cards on the massive economic toll of the coronavirus were issued in the U.S. and Europe this week and they were downright abysmal. The U.S., Germany, France, Spain and Italy all registered the sharpest declines in gross domestic product on record, according to the ...
Business / Financial Markets Jul 31, 2020
Bank of Japan was fearful of eurozone crisis spillover, minutes show
Concerned about global stock market drops, the policymakers decided at the meeting to join dollar liquidity swap arrangements among central banks in the West.
Business / Corporate Jul 31, 2020
As pandemic rages on, world economic recovery looks ever more shaky
by Shrutee Sarkar
Many economists believe it could take a year or two for the global situation to get back to normal.
Business / Economy Jul 19, 2020
G20 finance chiefs warns of sharp contraction from pandemic
by Keita Nakamura
The Group of 20 also discussed extending its debt relief program for developing nations and new tax rules for online giants Google, Amazon, Apple and Facebook.
Business / Economy Jul 8, 2020
OECD-wide jobless rate projected to reach 12.6% if pandemic resurges
Organization says economies need to employ strong recovery measures to weather the coronavirus fallout.
Business / Economy | ANALYSIS Jul 6, 2020
World economy that took elevator down faces steep stairs back up
by Enda Curran
Hopes for a V-shaped rebound have been shattered as the reopening of businesses looks shaky at best and job losses risk turning from temporary to permanent.
Business / Economy Jun 25, 2020
IMF downgrades forecast for global contraction to 4.9% in pandemic
The projections worsened to 5.8 percent for Japan, 8 percent for the United States and double digits for the euro area.
Business Jun 23, 2020
RCEP members to keep aiming for deal this year, with hopes India will rejoin
The free trade agreement would lower tariffs and set rules on investment and intellectual property for an area covering a third of the global economy.
Business / Economy Jun 22, 2020
Surge in coronavirus cases jolts prospects for world economy
The global economy’s fragile recovery is facing a fresh hurdle as a surge in coronavirus cases threatens to keep businesses closed and consumers on edge. Cases of the deadly virus rose by a record for a single day on June 21, according to the World ...
Business Jun 17, 2020
The United Kingdom announced Wednesday it would pursue accession to a revamped version of the Trans-Pacific Partnership. "Today we’re announcing our intent to pursue accession to CPTPP, one of the world’s largest free trading areas," Trade Secretary Liz Truss said. The British government said joining CPTPP ...