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.
The new and improved integrated digital tax service platform EmaraTax, set to be launched by the Federal Tax Authority (FTA) in a few days, will be a cornerstone of our efforts to shape the future of the UAE tax system,”
The global amusement parks market grew from $42.68 billion in 2021 to $69.27 billion in 2022 at a compound annual growth rate (CAGR) of 62.3 percent, according to research reports.
Riding on the success of Madrid, Riyadh, Bahrain, Mumbai, Milan, and Bogotá editions, International Real Estate Community Management Summit (IRECMS Dubai) will have a 4-day schedule