After an unprecedented collapse in the first half of the year, economic output recovered swiftly following the easing of containment measures and the initial re-opening of businesses, but the pace of recovery has lost some momentum more recently.
Thirty-two of the world’s largest companies stand to see their profits jump by $109 billion more in 2020 as the Covid-19 pandemic lays bare an economic model that delivers profits for the wealthiest on the back of the poorest, according to a new Oxfam report, titled Power
The European Central Bank (ECB) on Tuesday (July 28) extended its recommendation to euro area lenders on dividend distributions and share buy-backs until 1 January 2021, three months longer than initially indicated, and asked them to be extremely moderate with regard to v
Global foreign direct investment (FDI) flows are forecast to decrease by up to 40% in 2020, from their 2019 value of $1.54 trillion, according to UNCTAD’s World Investment Report 2020.
The world economy will shrink by 5.2% this year.
Sovereign wealth funds saw a slowing of direct investments last year, with the amount of equity invested dropping to $35 billion from $43.3 billion in 2018.
Top economists are warning that the coronavirus will be more devastating for the world economy than originally forecasted as governments around the world urge people to stay home and shut down businesses.
Over 100 civil society organisations from around the world urged G20 governments, IMF and World Bank on Tuesday (April 7) to help the world’s poorests countries which are struggling with the impacts of coronavirus by cancelling debt payments.
Wealth managers are cutting some credit they extend to wealthy clients as worldwide financial markets chaos triggers a significant increase in margin calls according to Reuters.
The coronavirus outbreak, that started in China late last year, has left businesses around the world counting costs.