Global Economy –Rundown: According to the International Monetary Fund, the Chinese economy is expected to grow by 2% for 2020, while subsequent year growth is anticipated at 8%. The Fund stressed that potential downside risk within the economy were identified as financial stability, as the country recorded an increased number of corporate Bond default and…
Global Economy –Rundown: The Brexit journey that began with the 2016 referendum, where the United Kingdom decided to seek a divorce from the European Union, an economic bond that has been in existence for 48years, was terminated on the 31st January 2020, despite the divorce being effected, the separation was left in the balance on…
Global Economy –Rundown: According to the International Monetary Fund recent publication, where it addresses concerns about the inconstancy of capital flows in the global ecosystem that was induced by the pandemic, whose ripple effect has been more pronounced in emerging markets that recorded huge cash outflow, where the halt of portfolio flows have translated to…
Global Economy –Rundown: Federal Reserve’s sustained its position in attaining price stability and full employment in propelling the United State economy through the challenging time, while it acknowledges that the pandemic still weighs on economic activity, employment, and inflation that poses a medium-term risk to the economy. The Fed resolve to retain the accommodative stand…
Global Economy –Rundown: According to the recent Chinese November Purchasing Managers Index Readings that indicated industrial activities have snapped back to pre-pandemic activity levels, given that the current month readings is the highest in the last three years, as the official Manufacturing Purchasing Managers’ Index for the month was 52.1 index point as against prior…
Global Economy –Rundown: As the transition period between Britain and the European Union elapses, the post bilateral trade relationship between them still hangs in the balance, as critical issues around fishing, state aid, and how future disputes should be resolved, and both parties playing tough guy as the transition date of 31st December, 2020 inches…
Global Economy –Rundown: The United States Fed Reserve maintained its key benchmark rate at 0%- 0.25%, while policymakers held that the economy is not out of the woods of economic struggles despite splashes of rebound in economic activity, as the economy remains below the pre-pandemic levels. The recent economic trajectory remained within the cautious territory,…
Global Economy –Rundown: The recent European region statistics have revealed that the region economy GDP recorded a 12.7% growth for Q3, and a 12.1% GDP growth was recorded within the European Union States, on a quarter on quarter basis, while their respective year on year GDP remains within the contraction bandwidth. The growth was propelled…
Global Economy –Rundown: According to the International Monetary Fund, the Sub Saharan region is projected to contract by 3% for the year 2020, this was the view of the fund in its recent published outlook, given the persistent wave of the economic shock that is expected to be more exacerbated among tourism-dependent economies and commodity-exporting…
Global Economy –Rundown: According to IMF recent global economic outlook for the year, it has projected that the global economy will be contracting by 4.4% which is a slight improvement to its earlier projection of a 4.9% economic contraction, this slight moderation was fueled by glimpse of recovery exhibited, as the global economy becomes geared…