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Latest Articles in global economy

Surveys Show Coronavirus Pandemic Savaging Global Economy

IHS Markit's flash composite Purchasing Managers' Index (PMI) for the euro zone, seen as a good gauge of economic health, plummeted to a record low of 31.4 this month from February's 51.6.

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Global Economy Continues To Slide As Coronavirus Outbreak Worsens: Moody's

"As business grinds to a halt, big and small firms are starting to lay off workers temporarily in an attempt to cut costs," said Moody's.

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Global Economy Already In Recession On Coronavirus Devastation

Economists have repeatedly cut their growth outlook over the past month and have increased their forecast probabilities for recession in most major economies.

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Policy Action Needed For A Healthy Global Economy: IMF

Banks should be encouraged to use flexibility in existing regulations, for example by using their capital and liquidity buffers, and undertake renegotiation of loan terms for stressed borrowers.

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World Shares Trampled In Coronavirus Panic, Oil Prices Plunge

MSCI's broadest index of Asia-Pacific shares outside Japan lost 3.7% in its worst day since late 2015, while Shanghai blue chips dropped 2.2%.

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World Stocks Succumb To Virus As Cases Spread, Disruptions Grow

European shares opened sharply lower, with travel stocks bearing the brunt. The pan-European STOXX 600 index was down 2.4% by 0856 GMT.

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Global Economy Faces Gravest Threat Since 2008 Crisis As Coronavirus Spreads: OECD

Global economic growth is seen falling to 2.4 per cent for the whole year compared to an already weak 2.9 per cent in 2019. It is then expected to rise to a modest 3.3 per cent in 2021.

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Global Growth Plunging Into Downturn Over Coronavirus, OECD Says

The global economy is set to grow only 2.4% this year, the lowest since 2009 and down from a forecast of 2.9% in November, the OECD said in an update of its outlook.

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Coronavirus Poses Risks To Global Economy's Fragile Recovery: IMF

The IMF said a plethora of risks face the global economy, including the fast-spreading coronavirus and a renewed spike in US-China trade tensions besides climate-related natural disasters.

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Gold Eases Off Three-Week Peak As Equities Sell-Off Pauses

Spot gold was down 0.2% to $1,578.95 per ounce at 1030 GMT, having touched its highest since January 8 on Monday.

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Global Economy Snapback To Prove Elusive Despite Market Joy

The International Monetary Fund's latest world growth forecast was slowly converging towards the Reuters poll consensus, lowered to 3.3 per cent from 3.4 per cent.

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World's Richest 2,000 People Hold More Than Poorest 4.6 billion Combined: Oxfam

The Nairobi-headquartered charity said in a report released ahead of the annual World Economic Forum of political and business leaders in Davos, Switzerland, that women around the world work 12.5 billion hours combined each day without pay or recognition.

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Singapore SMEs To See Slower Growth In 2020: What About India?

The Index is a joint initiative of the SBF and Experian and it measures the business sentiment of SMEs in Singapore for the next six months (January to June 2020).

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Crude And Gold Extend Gains, Stocks Sink On Fear Of US-Iran War

The crisis has jolted investors, who had been in an upbeat mood as China and the US prepare to sign their mini trade deal next week, while data indicate a slight improvement in the global economy.

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Moderate Growth In Air Passenger Markets And Weak Air Cargo Demand As Global Economy Slows

The region's airlines carried 29.1 million international passengers in September, an increase of 3 per cent compared to the same month last year.

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