The global economy is projected to contract sharply by 3 percent in 2020, much worse than during the 2008-09 financial crisis,” the International Monetary Fund said Tuesday. ( read original story …)
Posts By admin
Asian shares climb on China data, Wall Street rally
Shares surged Friday in Asia after China reported economic data that, while bleak, was better than expected. The strong open followed an overnight rally on Wall … ( read original story …)
China Won’t Be Able to Bail Us Out This Time
During past crises, Beijing’s largesse buoyed regional growth. Don’t expect a repeat performance in this downturn. ( read original story …)
Global Markets: Asia shares up as plans to re-open U.S economy offset record slump in China GDP
Asian stocks gained on Friday as President Donald Trump’s plans to gradually re-open the U.S. economy offset data that showed China suffered its worst economic contraction on record due to the. MSCI’s … ( read…
Coronavirus hits China’s economy harder than anything since 1970s
Consumer spending and factory activity hint that recovery will be longer, harder than many initially believed. ( read original story …)
China’s January-March property investment down 7.7% from a year earlier
Real estate investment in China fell 7.7% in the first three months of 2020 from a year earlier, official data showed on Friday. The property market, a key growth driver, was among many segments of…
Crypto Analyst Cautions Investors Against Bitcoin for 3 Key Reasons
Following the release of the Financial Action Task Force (FATF)’s revised guideline on crypto assets on February 22 … up to 65 percent of the Bitcoin network hashpower comes from China, a level … (…
China’s economy contracts for first time on record
China’s economy contracted for the first time since at least 1992 in the first quarter when the coronavirus pandemic halted factories and … ( read original story …)
Instant View: China’s first-quarter GDP posts first decline on record as virus shuts down economy
China’s economy shrank 6.8% in January-March from a year earlier, official data showed on Friday, the first such decline since at least 1992 when quarterly gross domestic product (GDP) records began. ( read original story…
China’s economy shrank last quarter for the first time in decades as the coronavirus took its toll
China’s economy has just experienced its worst three-month period in decades as the coronavirus pandemic forced much of the country to shut down for weeks on end. ( read original story …)
China says its economy shrank by 6.8% in the first quarter as the country battled coronavirus
China reported that its first quarter GDP contracted by 6.8% in 2020 from a year ago as the coronavirus outbreak seriously impacted the world’s second largest economy. ( read original story …)
China Urges World Bank to Suspend Debt Payments for Poor Borrowers
Chinese Finance Minister Liu Kun said in a statement to the World Bank’s Development committee that all parties should take part in joint actions to address debt vulnerabilities amid the pandemic, … ( read original…
China urges World Bank to suspend debt payments for poorest countries
China on Thursday urged the World Bank to allow its poorest borrowers to suspend debt payments while they deal with the coronavi … ( read original story …)
ADVERTISEMENT
