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The head of the World Bank, Jim Yong Kim, said that the bank was consulting with all the countries-shareholders of the World Bank in order to prepare them for a possible deterioration in the conditions of world trade, TASS reports. The head of the World Bank notes that all countries are currently concerned about the current situation in world trade and are developing measures to limit its pressure on the economy. He expresses the opinion that if trade restrictions affects all countries involved in trade, we should expect a slowdown in global growth. Due to tensions in world trade, the World Trade Organization lowered its forecast for world trade growth in 2018 from 4.4% to 3.9%.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
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