Saturday, 23 October 2021

Tag Archives: Global Economy

Global trade will plunge by a third in 2020: WTO

GENEVA: Global trade could plummet by a third this year due to the coronavirus pandemic, the World Trade Organisation said, warning the deepest recession “of our lifetimes” could be on the horizon. “Covid-19 has completely upended the global economy and with it international trade,” WTO chief Roberto Azevedo told reporters ...

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EU urges big powers to avert trade ‘conflict and chaos’

BRUSSELS: The European Union called Monday on the United States, China and Russia to work together to cool worsening global trade tensions, warning that they could spiral into violent “conflict and chaos.” The comments from EU Council President Donald Tusk comes as Washington and Beijing stand on the brink of ...

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Global economic outlook is bright, IMF says

LONDON: Prospects for the global economy are looking brighter, according to the International Monetary Fund (IMF). It reckons the recent pick-up has been pretty broad-based, particularly in Europe and Asia. Tax reforms in the United States are expected to stimulate economic activity, especially business investment. But the IMF has substantially ...

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