Tag: global economy

• Wednesday, April 10th 2019 - 08:53 UTC

  New president says World Bank urgent challenges are addressing poverty and climate change

  

  Newly-installed World Bank President David Malpass spent his first day at the global lender on Tuesday hammering home the message that the most urgent issue facing the bank is addressing global poverty. President Donald Trump's controversial pick to lead the bank appeared eager to distance himself from his past attacks on the institution and stressed the support he has received from developing nations and from staff.

• Friday, April 5th 2019 - 17:45 UTC

  US Treasury official David Malpass elected as World Bank’s president

  

  David Malpass has been chosen as the president of the World Bank Group (WBG) on Friday after being unanimously elected by the executive board of the organization with no other candidates.

• Wednesday, January 9th 2019 - 08:40 UTC

  World Bank says global economy is “soft landing”, so far “orderly”

  

  The World Bank is warning of increasing risks, or what it calls “darkening skies”, for the world economy. In its annual assessment of global prospects the Bank predicts continued, though somewhat slower, growth this year and next.

• Friday, December 28th 2018 - 08:55 UTC

  Oil prices remain under pressure from US stockpiles and concerns with the global economy

  

  Oil prices jumped as much as 3% on Friday to win back a chunk of the ground they lost in the previous session, but growth in U.S. crude stockpiles and ongoing concerns about the global economy kept markets under pressure.

• Thursday, November 29th 2018 - 06:56 UTC

  G20: Step Up to Boost Inclusive Growth

  

  By Christine Lagarde - As G20 leaders gather in Argentina, the global economy faces a critical juncture. We have had a good stretch of solid growth by historical standards, but now we are facing a period where significant risks are materializing and darker clouds are looming.

• Thursday, October 11th 2018 - 08:54 UTC

  International tourism industry remains robust with 6% increase in first six months of 2018

  

  According to the World Tourism Organization (UNWTO)’s latest barometer, international tourist arrivals grew 6% in the first six months of 2018 after a record year of growth in 2017. All world regions enjoyed robust growth in tourist arrivals in January-June 2018. The increase was fueled by strong demand from major source markets, supported by an upswing in the global economy. It comes after record year-round growth of 7% in 2017.

• Monday, June 18th 2018 - 08:34 UTC

  China knows better as Trump tariff strategy trsicks US voters

  

  Global Times Editorial
  
  The Trump administration announced tariffs on Chinese high-tech and industrial imports worth of US$50 billion. The first round, on imports totaling US$34 billion, will begin July 6, while the second round is still under review.

• Friday, June 1st 2018 - 07:45 UTC

  Global expansion in 2018/19 expected to hover near 4%, forecasts OECD

  

  The global economy is experiencing stronger growth, driven by a rebound in trade, higher investment and buoyant job creation, and supported by very accommodative monetary policy and fiscal easing, according to the OECD’s latest Economic Outlook.

• Friday, May 18th 2018 - 08:56 UTC

  UN report: Growth in global economy exceeds expectations, but increased risks could threaten economic outlook

  

  Growth in the world economy is surpassing expectations and global GDP is now expected to expand by more than three per cent this year and in 2019, reflecting strong growth in developed countries and broadly favourable investment conditions, a new UN report finds.

• Monday, February 12th 2018 - 12:29 UTC

  Warning of more volatility in Asian Markets

  

  After last week's global rout, Asian markets struggled to hold early gains with analysts warning of further volatility across trading markets.