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Economic slowdown

04 Nov 2020

The global economy will continue to be in a tailspin, even in the year 2021. Even if a set of vaccines is finalised by the first or second quarters of...

Global foreign direct investment plunged in first half of 2020: UN

27 Oct 2020

Global foreign direct investment (FDI) plunged by 49% in the first half of 2020 from the same period a year ago and is on course to fall as much as...

IMF cuts Asia’s growth forecast, warns of pandemic-driven risks

21 Oct 2020

The International Monetary Fund (IMF) slashed this year’s economic forecast for Asia, reflecting a sharper-than-expected contraction in countries like India, a sign the coronavirus pandemic continues to take a heavy...

India’s GDP will contract by 10.3% in 2020-21 fiscal year, says IMF

14 Oct 2020

With the coronavirus pandemic still to be contained and the central government’s stimulus measures having limited impact on economic activities and consumer demand, the outlook for the Indian economy for...

IMF raises flexible credit line for Colombia to about $17.2 billion

27 Sep 2020

The International Monetary Fund (IMF) has raised by $6.5 billion a flexible credit line offered to Colombia to about $17.2 billion, aiming to help the country cope with the economic...

Lagarde sees virus downturn less severe than feared, slow recovery

10 Sep 2020

European Central Bank chief Christine Lagarde on Thursday said the eurozone’s pandemic-induced downturn was expected to be less severe than initially feared, but a recent spike in coronavirus cases was...

IMF chief warns global economic crisis ‘far from over’

09 Sep 2020

Washington: 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...

Virus resurgence poses biggest risk to US economy, warns IMF

17 Jul 2020

The dominant risk to the US economic recovery is a resurgence of COVID-19 cases that would force renewed business shutdowns, the International Monetary Fund warned on Friday. The US government...

Global economy not out of the woods yet: IMF

16 Jul 2020

Despite some signs of recovery, the global economy faces continued challenges, including the possibility of a second wave of COVID-19, and governments should keep their support programs in place, IMF...

New global corporate debt to reach record $1 trillion in 2020

13 Jul 2020

Companies around the world will take on as much as $1 trillion of new debt in 2020, as they try to shore up their finances against the coronavirus, a new...

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