The International Monetary Fund is estimating this month that global growth for 2021 will be about 6%, the same as forecast in April, but with some countries growing faster and others more slowly, IMF Managing Director Kristalina Georgieva
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 coronavirus pandemic will cause a global recession in 2020 that could be worse than the one triggered by the global financial crisis of 2008-2009, but world economic output should recover in 2021, the International Monetary Fund said on Monday.
The IMF on Friday proposed a $50 billion plan to end the COVID-19 pandemic, aiming to expand immunisation drives around the world, while vaccine firms pledged to supply billions of doses to poorer nations by the end of next year.
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, toured the pavilions of Rwanda and Côte d’Ivoire at Expo 2020 Dubai
Etisalat Group’s strong results are an outcome of our sincere efforts to drive growth and generate efficiencies despite unprecedented challenges in certain markets,
The Sharjah Investment and Development Authority (Shurooq) announced that the Mysk Moon Retreat has begun welcoming guests and bookings