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.
seven pacific countries pledge to keep trade supply chains going during covid 19 crisis Seven Pacific countries pledge to keep trade, supply chains going during Covid-19 crisis

14:26 | 26/03/2020 Global Economy

Seven Pacific Rim countries including Australia, Brunei, Canada, Chile, Myanmar, New Zealand and Singapore have pledged to keep their supply chains open during the Covid-19 pandemic, despite ongoing shocks to trade flows.
goldman cuts us growth forecast for first and second quarter due to pandemic Goldman cuts U.S. growth forecast for first and second quarter due to pandemic

10:15 | 22/03/2020 Global Economy

Goldman Sachs Group Inc (GS.N) has downgraded its U.S. growth forecast for the first and second quarters in the wake of the economic fallout from the coronavirus outbreak.
world bank group increases covid 19 response to us 14 bil to help sustain economies protect jobs World Bank Group increases COVID-19 response to US$14 bil to help sustain economies, protect jobs

10:04 | 19/03/2020 Global Economy

The World Bank and IFC’s Boards of Directors on March 17 approved an increased US$14 billion package of fast-track financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19.
ecb unveils fresh stimulus to counter coronavirus major shock ECB unveils fresh stimulus to counter coronavirus 'major shock'

11:00 | 14/03/2020 Global Economy

European Central Bank chief Christine Lagarde warned on Thursday that the coronavirus had delivered a "major shock" to the global economy that required urgent, coordinated action, as she unveiled fresh stimulus to keep credit flowing.
opec russia rejects cut in oil production despite coronavirus impact on prices OPEC: Russia rejects cut in oil production despite coronavirus impact on prices

15:08 | 10/03/2020 Global Economy

OPEC countries failed to reach a deal as fellow key exporter Russia refused to agree to a cut in production. Member states say the cut is vital as oil prices have taken a hit during the COVID-19 outbreak.
imf world bank funds ready to fight coronavirus outbreak IMF, World Bank funds ready to fight coronavirus outbreak

09:54 | 03/03/2020 Global Economy

The International Monetary Fund and World Bank are ready to provide countries in need with immediate emergency funding to fight the coronavirus outbreak, a spokesman said last Thursday.
imf sees 04 percentage points cut to china gdp growth from coronavirus IMF sees 0.4 percentage points cut to China GDP growth from coronavirus

11:07 | 25/02/2020 Global Economy

The coronavirus outbreak will cut China's economic growth by 0.4 percentage points to 5.6 pct this year and have a "relatively minor and short-lived" impact on the world economy under the IMF's baseline scenario for the epidemic. But it warned there are too many uncertainties to allow reliable forecasting.
india officially becomes 5th largest economy India officially becomes 5th largest economy

09:22 | 19/02/2020 Global Economy

India emerged as the world’s fifth largest economy by overtaking the UK and France in 2019, says a report.
s korea mercosur bloc hold 5th round of fta talks S. Korea, Mercosur bloc hold 5th round of FTA talks

10:06 | 12/02/2020 Global Economy

South Korea on Monday held the fifth round of free trade talks with a group of South American countries, including Brazil, with a goal of striking the deal this year.
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