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Global Economy

Global Economy

Global economy to shrink by 3.2pc: UN report

The world economy has been projected to shrink by 3.2 per cent wiping out nearly four years of output gains as economic activities around the world comes to grinding halt against the backdrop of the ...

Global economy to shrink by 3.2pc: UN report

Asia stocks relieved by China export surprise

Asian shares pared early losses on Thursday after Chinese exports proved far stronger than even bulls had imagined, while US bond investors were still daunted by the staggering amount of new debt set ...

Tokyo Stock Exchange in Tokyo on 9 March. Photo: Asia

ADB announces $20b virus rescue package

The Asian Development Bank on Monday said it will roll out a massive $20 billion package to help developing member nations weather the economic fallout from the coronavirus pandemic.

ADB announces $20b virus rescue package

Airline industry braces for lengthy recovery

International seat capacity has dropped by almost 80% from a year ago and half the world’s airplanes are in storage, new data shows, suggesting the aviation industry may take years to recover from ...

Airline industry braces for lengthy recovery

EIU revises down Bangladesh’s GDP growth to 3.5pc after coronavirus

The Economist Intelligence Unit has revised its forecast about Bangladesh’s GDP (Gross Domestic Product) growth from 7.7 per cent to slightly above 3.5 per cent following the novel coronavirus ...

EIU revises down Bangladesh’s GDP growth to 3.5pc after coronavirus

Economic toll rises amid coronavirus pandemic

The human and economic toll of the lockdowns against the coronavirus mounted Thursday as India struggled to feed the multitudes, Italy shut down most of its industry, and a record-shattering 3.3 ...

Economic toll rises amid coronavirus pandemic

Coronavirus: World leaders to hold crisis talks

World leaders are to hold online crisis talks Thursday on the coronavirus pandemic that has forced three billion people into lockdown and claimed more than 21,000 lives.

Coronavirus: World leaders to hold crisis talks

Impact of Coronavirus

Global economy will plunge into recession: Zahid Hussain

Impact of Coronavirus

Global economy will plunge into recession: Zahid Hussain

Trump Europe ban fans recession fears

As the disease showed no signs of abating, claiming more lives and infecting more people around the world, the US president said in a rare address to the nation that the ban would be in place for 30 ...

Passengers of the Grand Princess cruise ship being escorted to transportation at Oakland airpot, California.Photo: AFP

China inflation slips but stays high on virus, food worries

Consumer inflation in China remained high in February, official data showed Tuesday, as the coronavirus epidemic and soaring food prices took a toll on the economy.

China inflation slips but stays high on virus, food worries
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