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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
Below-target growth likely until 2025 - BusinessWorld Online
THE Philippines’ gross domestic product (GDP) is likely to expand slower than the government’s target until 2025, Citigroup, Inc. (Citi) said. Citi cut its GDP growth forecast for the Philippines to 5.8% this year but kept its 6% growth forecast for 2025. This is below the government’s 6-7% target this year and 6.5-7.5% goal next […]
The ECB plans to double down on the policies which have stagnated the Euro area economy | Notayesmanseconomics's Blog
Today sees quite a raft of speakers from the ECB and we have seen two already this morning as they rush to pit their point of view forwards. They can in one sense be positive after this was released last week. In the third quarter of 2024, seasonally adjusted GDP increased by 0.4% in the euro…
EURJPY Correction Halts at Key Support Area - Action Forex
EURJPY is edging lower today, testing the support set by the 100-day simple moving average (SMA) and the 163.37-163.49 area. The rally from the mid-September low stopped at the March 7, 2022 upward trendline, with the 200-day SMA also proving strong resistance. A plethora of verbal interventions from Japanese government officials, which were triggered by the recent robust rally in EURJPY, and the strong details of the preliminary GDP report for the third quarter of 2024 have allowed EURJPY bears to reclaim the upper hand.
Rupee resilient despite FII outflows, India's contribution to world market cap grows | Zee Business
India's strong macroeconomic fundamentals — robust GDP growth, controlled inflation, managed twin deficits and record foreign reserves — have kept the rupee resilient despite foreign institutional investor (FII) outflows, a report showed on Wednesday. Get more Currency News and Business News on Zee Business.
The demographic dividend of the Philippines - BusinessWorld Online
If the Philippine economy is one of the fastest growing, not only in the Indo-Pacific region but in the whole world, with a GDP averaging an annual growth rate of 6% to 7% during these hard times, a major factor is the so-called “demographic dividend” — our population is still young and growing, in stark contrast with most of our neighboring countries, especially Japan, South Korea, Singapore, and Taiwan, whose populations are both ageing and declining.