Kristalina Georgieva speaks during a news conference after a meeting. Reuters/ File
The global economy is showing signs of bouncing back from the severe downturn caused by the global coronavirus pandemic, but a full recovery is “unlikely” without a vaccine, IMF chief Kristalina Georgieva said on Wednesday.
Governments in emerging markets, which have suffered an exodus of capital of more than $83 billion in recent weeks, can cover much of that, but "clearly the domestic resources are insufficient" and many already have high debt loads.
The pandemic sweeping the world will turn global economic growth “sharply negative” in 2020, triggering the worst fallout since the 1930s Great Depression, with only a partial recovery seen in 2021, the head of the International Monetary Fund said.
Governments around the world have spent $10 trillion in fiscal actions to respond to the novel coronavirus pandemic and its economic fallout, but significant further efforts are needed, the head of the International Monetary Fund said on Thursday.
German companies are optimistic about their growth prospects in the Gulf region, as key government leaders and business executives from Germany and the GCC countries attended a top-level conference in Dubai recently. With a combined population of about 55 million
The historic 50th National Day of the UAE was celebrated across the country with new zeal and fervour through various cultural activities. On the momentous occasion of the UAE’s Golden Jubilee celebrations various government and private organisations conducted a raft of
Sheikh Nahyan Bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence and Commissioner-General of Expo 2020 Dubai, attended the UAE’s Golden Jubilee celebration at Expo 2020 Dubai on Thursday. The celebration was also attended by Gaston Browne, Prime Minister
India’s merchandise exports in November rose to $29.88 billion, higher by 26.5 per cent on a year-on-year basis, preliminary data showed on Wednesday. Exports in November 2020 stood at $23.62 billion. According to the data furnished by the Ministry of Commerce