china sets no growth target for 2020

China sets no growth target for 2020

15:27 | 26/05/2020 Global Economy

China on Friday said it would not set a growth target for the current year as the country was working to ensure winning the battle against poverty. China’s Prime Minister Li Keqiang acknowledges risks facing China but lays emphasis on 6 sectors to boost economy, generate jobs.
us gdp could contract 20 30 percent in q2

US GDP could contract 20-30 percent in Q2

13:27 | 20/05/2020 Global Economy

The business shutdowns caused by the cornavirus pandemic could "easily" cause the US economy to collapse by 20 to 30 percent this quarter, Federal Reserve Chairman Jerome Powell said Sunday.
economic cost of pandemic will be enormous snb chief Economic cost of pandemic will be enormous: SNB chief

13:30 | 15/05/2020 Global Economy

Coronavirus is costing between CHF11 billion and CHF17 billion a month, putting such a strain on the Swiss economy that it will take years to recover. Swiss National Bank (SNB) chairman Thomas Jordan has predicted the worst depression since the 1930s.
gig economy faces many challenges “Gig economy” faces many challenges

13:00 | 11/05/2020 Global Economy

Covid-19 has become a global pandemic and so many countries and cities have applied travel restrictions and social distancing orders.
rcep on track to be inked by year end RCEP on track to be inked by year-end

16:00 | 04/05/2020 Global Economy

The Regional Comprehensive Economic Partnership (RCEP) remains on track to be signed by the end of 2020, said Singapore’s Trade and Industry Minister Chan Chun Sing on May 3.
us economy shrank by 48 percent in first quarter US economy shrank by 4.8 percent in first quarter

13:39 | 02/05/2020 Global Economy

The American economy shrank by 4.8 percent in the first quarter of the year, the sharpest decline since the financial crisis more than a decade ago as the coronavirus pandemic forced a near shutdown of the country, ending the longest expansion on record.
apec economy to reduce by 27 percent in 2020 due to covid 19 APEC economy to reduce by 2.7 percent in 2020 due to COVID-19

15:27 | 28/04/2020 Global Economy

The Asia-Pacific Economic Cooperation (APEC) region is expected to post a 2.7 percent economic decline in 2020 due to the impact of COVID-19
germany agrees to more aid to shield workers companies Germany agrees to more aid to shield workers, companies

13:07 | 24/04/2020 Global Economy

Germany's coalition parties on Thursday agreed to further measures worth some 10 billion euros ($10.81 billion) to shield workers and companies from the impact of the coronavirus pandemic.
creditors suspend debt payments for poor countries Creditors suspend debt payments for poor countries

07:21 | 16/04/2020 Global Economy

The main international creditors have agreed to suspend the payment of the debt of the poorest countries this year, throwing a financial lifeline to help them cope with the coronavirus crisis, said the French Minister of Finance on Tuesday.
adb projects indonesias economic growth at 25 percent ADB projects Indonesia’s economic growth at 2.5 percent

13:02 | 08/04/2020 Global Economy

Indonesia’s economy is predicted to grow by only 2.5 percent this year, the lowest over the last four years and a 50-percent decline compared to 2019's growth rate.
uae doubles stimulus to support the economy UAE doubles stimulus to support the economy

10:10 | 06/04/2020 Global Economy

The Central Bank of the United Arab Emirates said Sunday it has doubled to $70 billion a stimulus package to support the Gulf state's economy amid the coronavirus pandemic.
wb cambodias economy to slow down due to covid 19 WB: Cambodia's economy to slow down due to COVID-19

11:29 | 02/04/2020 Global Economy

Cambodia's economic growth is projected to slow sharply to 2.5 percent in 2020 due to the impact of the COVID-19 outbreak, according to a World Bank's report released on March 31.
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