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Growth of the world economy slowed in the second quarter of 2020, according to the World Bank, as the COVID-19 pandemic continues to disrupt businesses and economies around the world. Governments and central banks have responded with unprecedented measures to support the global economy, including interest rate cuts, liquidity injections, and emergency stimulus packages. As countries begin to reopen their economies, investors, economists, and policymakers are looking for signs of economic growth, both in the short and long term. Here you can find the latest news and analysis about global economic growth.
WTI crude oil futures experienced a rise of 2.8%, closing at $68.40 per barrel on Friday. This increase follows a 2.5% decline from the previous day, contributing to a modest 0.6% gain for the week. Traders are currently balancing concerns over near-term supply constraints with apprehensions about a potential surplus in the longer term. Despite predictions from the International Energy Agency (IEA) that suggest a possible surplus later in the year, factors such as robust summer travel demand and heightened refinery activity are sustaining current price levels. Russia’s commitment to adjust for overproduction alongside forecasts of record Saudi crude oil exports to China in August are further fueling short-term optimism. However, the IEA's raised projections for supply growth, combined with reduced demand estimates, suggest a softer market balance later on. Additionally, OPEC expressed caution by lowering its global oil demand forecast for 2026–2029, attributing this to decelerated economic growth in China. Geopolitical risks remain a key concern, as markets anticipate possible new sanctions from the United States against Russia amid escalating tensions involving Ukraine.The material has been provided by InstaForex Company - www.instaforex.com
M Govinda Rao traces history of economic growth and development in Karnataka in NCAER's India Policy Forum: The transformation of Karnataka from a less than average per capita income State in 1990-91, to the second highest among the large States in 2022-23 has been remarkable. However, the impressive growth performance of the state has not…
REFORMS to enhance job creation and quality could propel Philippine economic growth to close to 7% and transform it into a middle-class economy by 2040, the World Bank said. “To stay on a path to upper middle-income status and to realize the national ambition of a middle-class society free of poverty by 2040, the country […]
Asia-Pacific markets rose Tuesday after China’s second-quarter economic growth surpassed analysts’ forecasts. In Japan, the Nikkei 225 recovered 218.4 points, or 0.6%, to 39,678.02. In Hong Kong, the Hang Seng gained 386.8 points, or 1.6%, ...
Today it is time to look East again as we have received the official data on economic growth in the first half of the year. At the moment in addition to our long-running theme on the bursting of the property market bubble we have the first period under the new Trump Tariffs. As ever the…