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The World Bank’s outlook for the growth of the global economy in the current year is downward due to weaker growth in trade and reduced investment flows in the world. Bank experts now expect the global economy to grow by 2.6%, rather than by 2.9%, as was predicted earlier. They note that this year the growth will be minimal since 2016. Their anxiety is caused by the escalation of trade conflict between large countries, as well as the fall of business confidence. According to bank estimates, in 2020 we should expect an acceleration of economic growth to 2.7%. The trade growth forecast in 2019 was reduced from 3.6% to 2.6%, which is the lowest level since the global financial crisis. The new World Bank forecast indicates that the European economy is developing slower than expected, and financial turbulence is observed in emerging markets.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
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 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
KYC Policy