Daily Management Review
Economics

World Bank: Rise in global debt during COVID-19 pandemic is not critical

The rapid growth of debt in most economies in 2020-2021 is not so much a separate event but an unexpected continuation of the debt booms triggered by the global crisis of 2008-2009. The fundamentally new reality of global debt increasing by 13 percentage points to 97% of global GDP in 2020 is not...

Fall In Consumer Confidence In UK Due To Inflation Worries, Finds Bank Of America Report

Worries about the economic outlook of the United Kingdom and concerns about the continued rise in prices have pushed down British consumer morale to the lowest point since February this year when the country was placed under stringent Covid-19 restrictions, claimed a report prepared by the Bank of...

Draft Report By EITI Recommends Renegotiating Congo's $6 Bln China Mining Deal

The draft of a report commissioned by a global anti-corruption body of governments, companies, and activists has warned that an infrastructure-for-minerals deal with Chinese investors worth $6 billion should be renegotiated by the Democratic Republic of Congo.   According to reports, data in...

Gloomy Economic Forecast Of Regional Japan Offered By BOJ

Constraints in the supply chain disrupting the production of cars and other products forced its gloomiest forecast for the economics of the region in over a year to be announced by the Bank of Japan (BOJ) on Thursday.   The gloomy view also cast a shadow over the rebounding of the...

Governments Should Make Fiscal Policies To Counter Pandemic Debt, Suggests IMF

After governments all around the world allotting unprecedented fiscal stimulus for warding off the economic impact of the Covid-19 pandemic, policymakers now should focus on creating plans for returning back to more sustainable budgets and implement policies that are able to win the trust of...

Sub-Saharan Africa GDP Growth Estimated At 3.3% For 2021 And 3.5% In 2022 - World Bank

According to a world bank report released Wednesday, economic growth of 3.3 per cent for 2021 and 3.5 per cent for 2022 has been predicted for Sub-Saharan Africa which would be driven by rising commodity prices, the relaxation of some of the Covid-19 restrictions, and growth in global trade. ...

Biden: US may lose its economic advantage

If the United States does not invest massively in itself, it risks losing its economic advantage in the world. US President Joe Biden said on Tuesday when he spoke in Michigan about the country's infrastructure plan. "America is still the largest economy in the world ... But as a country, we risk...

WTO improves global trade forecast

The World Trade Organisation (WTO) expects global trade growth of 10.8% this year and 4.7% in 2022, the organisation said in its forecast. At that, in March, the WTO predicted growth of 8% in 2021 and slowing to 4% in 2022. The WTO explains that growth should slow down next year as merchandise...

Experts: Major emerging economies keep tightening screws

Central banks in major emerging economies continue to tighten their own policies, fearing not only a temporary rise in inflation but also a shift in inflation expectations away from established benchmarks. The Institute of International Finance (IIF) in Washington believes that inflation in most...

European indices post their worst monthly result since the beginning of the year

European stock indexes declined in September, showing the worst monthly dynamics since the beginning of this year, trading data showed. British FTSE 100 fell by 0.47% in September, French CAC 40 - by 2.4% and German DAX - by 3.63%. At the end of the third quarter the FTSE 100 rose by 0.7%, CAC 40 -...
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