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Discover Latest #GDP News, Articles and Videos with Contenting
GDP News The World Bank cuts global GDP outlook for 2020 The World Bank has cut its global GDP growth forecast for 2020 due to the ongoing coronavirus pandemic. The World Bank now expects the global economy to contract by 5.2 percent this year, a downgrade from its April forecast of a 3 percent contraction. The World Bank said that the pandemic had caused “an unprecedented shock” to the global economy and “far-reaching economic, social, and political consequences.” The bank warned that the global economy could face a significant risk of a “protracted recession” if the pandemic is not contained. It also warned that the economic impact of the pandemic could have long-lasting effects on the wellbeing of individuals and societies. The World Bank also warned that the global economic recovery could be “sluggish” and “uneven” as countries struggle to contain the virus and address the economic fallout. It emphasized the importance of continued fiscal and monetary policy support to help countries and businesses weather the crisis. The World Bank also highlighted the need for an effective international response to the crisis, including an “ambitious” and “coordinated” global effort to
British GDP slows to 0%, pound edges lower
The UK economy continues to soften as GDP fell to 0% in July, matching the market estimate. This supports the BoE lowering rates but this has become difficult as inflation has been moving higher and is expected to hit 4% in September, double the 2% target. US unemployment claims jumped to 263 thousand, the highest number since October 2021.
Facing the debt crisis and inflation dilemma, XBIT Wallet integrates centralized exchange wallets to meet the demand for crypto hedging. - TechBullion
XBIT Wallet reported on September 13th that, in the current global macroeconomic landscape, the continued expansion of the US public debt (expected to reach approximately $30 trillion by 2025, representing 100% of GDP, nearing its World War II peak and still rising) and the inflation dilemma are reshaping investors’ perceptions of value storage. The US […]
Some Trends in Global Debt from the IMF - Conversable Economist
The IMF has updated its Global Debt Database, and Vitor Gaspar, Carlos Eduardo Goncalves, and Marcos Poplawski-Ribeiro point out a few of big-picture changes in a short article "Global Debt Remains Above 235% of World GDP" (IMF Blog, September 17, 2025). Here's an overall view of global debt since 1950, measured as a share of global
Dollar Finds Relief from Fed, Kiwi Crashes on GDP, BoE Next - Action Forex
Volatility surged overnight as markets digested the Fed’s 25bps cut and updated projections. The Dollar initially sank on confirmation of two more cuts this year, only to rebound sharply as traders judged the overall stance less dovish than expected. The reversal pulled Wall Street and Gold lower from record levels, while 10-year yields firmed after briefly dipping under 4%.
NZ economy shrinks -0.9%, Kiwi dives on bets of 50bps RBNZ cut next - Action Forex
New Zealand’s economy contracted far more than expected in Q2, with GDP falling -0.9% qoq against consensus forecasts of -0.3% qoq. The release confirmed a deeper downturn, with economic activity now having declined in three of the last five quarters. The breadth of weakness points to rising headwinds that could force the RBNZ into a more aggressive easing cycle.