Tag: global economy

• Tuesday, October 12th 2021 - 23:54 UTC

  Chile's economy to grow 11%, according to IMF report

  

  Chile's economy has been projected to grow 11%, way above the average of 6.3% foreseen for Latin America throughout 2021 by the International Monetary Fund's (IMF) Global Economic Outlook released Tuesday.

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• Monday, August 16th 2021 - 19:48 UTC

  How a secret meeting in August 1971 transformed the global economy

  

  By Atish Rex Ghosh (*) - History is a confluence of underlying forces and specific triggering events. Think of the start of World War I: economic, imperial, and nationalistic tensions that had simmered for years exploded into open conflict when Archduke Franz Ferdinand’s motorcade took a wrong turn, putting him in the path of an assassin’s bullet.

• Saturday, March 13th 2021 - 08:05 UTC

  China represented 17% of the global economy in pandemic plagued 2020

  

  China's economic output is forecast to account for more than 17% of the world's economy in the coronavirus-plagued 2020. As the sole economy recording positive GDP growth last year, China will ramp up efforts and strive to achieve higher quality, more efficient, sustainable and safer development in 2021, a senior government official revealed in Beijing.

• Wednesday, March 10th 2021 - 08:46 UTC

  Global economy forecasted to grow 5,6% this year if vaccination rollout is effective

  

  Global gross domestic product (GDP) will grow at 5.6% this year if vaccination rollout is fast and effective enough across the world, the Organization for Economic Cooperation and Development (OECD) said Tuesday in its Interim Economic Outlook.

• Wednesday, January 27th 2021 - 08:35 UTC

  IMF, despite pandemic challenges, forecasts a strong economic rebound this year

  

  The global economy is set to lose over US$ 22 trillion between 2020 and 2025, due to the impacts of the coronavirus pandemic the International Monetary Fund (IMF) said on Tuesday. The economy will likely see a strong rebound this year, but the pandemic is causing severe damage said IMF chief economist Gita Gopinath.

• Thursday, November 12th 2020 - 08:55 UTC

  IMF chief addresses Biden proposing a “greener, smarter and fairer” global economy

  

  The election of Joe Biden as US president gives the International Monetary Fund (IMF) a chance to reset its relationship with its largest shareholder and make green initiatives a bigger part of its global economic recovery plan.

• Thursday, October 29th 2020 - 08:28 UTC

  Petrobras cutting losses as Brazilian economy and fuel demand are increasing

  

  Brazil's state-run oil giant Petrobras announced on Wednesday it reduced its losses in the third quarter of the year, the company's third negative result in a row due to the global economic meltdown caused by the coronavirus pandemic.

• Saturday, May 16th 2020 - 07:57 UTC

  IMF calls on digital companies' responsible behavior as the “big winners from the pandemic”

  

  The technology companies that are reaping gains as a result of increased reliance on online systems during coronavirus quarantines and lockdowns should work to increase access to the digital economy for all, the head of the IMF said on Friday.

• Saturday, March 28th 2020 - 08:54 UTC

  It's official: IMF says pandemic has driven the global economy into recession

  

  The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said on Friday.

• Wednesday, March 18th 2020 - 07:20 UTC

  Policy Action for a Healthy Global Economy

  

  By Kristina Georgieva (*) – While quarantining and social distancing is the right prescription to combat COVID-19’s public health impact, the exact opposite is needed when it comes to securing the global economy.