Tag: global economy

Wednesday, June 19th 2019 - 09:57 UTC
Latam stocks and currencies surged on Tuesday on favorable global news

Latin American stocks and currencies surged on Tuesday with a dovish boost from the European Central Bank and positive headlines from the U.S.-China trade tensions boosting sentiment.
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Wednesday, June 5th 2019 - 09:15 UTC
Global growth fragile influenced by trade conflict and tumbling confidence, reports World Bank

The World Bank slashed its global growth forecasts for this year in a report released on Tuesday that portrayed a world gripped by deepening trade conflict, tumbling confidence and increasingly skittish investment. Although the global development lender currently expects a modest recovery 2020 and 2021, the bank said in its semi-annual report that a lot will have to go right for this to happen.
Wednesday, April 10th 2019 - 09:19 UTC
IMF cuts global 2019 growth; suggests rich countries should prop their economies

The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2019 and warned growth could slow further due to trade tensions and a potentially disorderly British exit from the European Union.
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.