In its latest policy document, the Organization for Economic Cooperation and Development (OECD) warned that the world is likely to face enormous fiscal difficulties in the coming decades, worse than the bulky public debt seen during the Covid-19 pandemic. Featured Comments “According to your long-term scenario, a slowdown in large emerging economies, demographic change and […]
Tag: Countries
The G20 will approve the OECD agreement on the global minimum corporate tax
G20 finance leaders are expected to approve a potential OECD deal on the global minimum corporate tax in JulyReuters reported, citing the draft draft. Key quotes from the draft “After many years of discussions and based on the progress made last year, we have reached a historic agreement on a new, fair and stable international […]
G7 demands investigation into COVID origins and urges China to respect rights in Xinjiang
Following the conclusion of the meeting of the leaders of the Group of Seven (G7) over the weekend, The bosses issued a very critical final statement, stressing on China, in light of Beijing’s human rights issues, the origins of the covid and a host of other issues. relevant. Key comments “We will promote our values, […]
US, EU, UK and Canada sanction China for abuses in Xinjiang
In an orchestrated effort, the western world imposed sanctions on Chinese officials on Monday, in response to Beijing’s human rights abuses in Xinjiang province, Reuters reports. Key Comments: “The United States, the European Union, Britain and Canada seek to hold Beijing accountable over the mass arrests of Uighur Muslims in northwestern China, where the United […]
Coronavirus and tourism. The number of countries open to Ukrainians has increased – Kuleba
The number of countries that Ukrainians can enter has increased despite the coronavirus pandemic. Dmitry Kuleba announced this at a briefing. “Now there are 83 countries where Ukrainians can enter. At the end of last year there were 60 with a penny,” he said, assuring that the Foreign Ministry is working to expand this […]
Georgieva cautions that fiscal and monetary support should not be withdrawn prematurely
Amid the resurgence of the coronavirus, global fiscal and monetary support must not be withdrawn prematurelysaid the managing director (MD) of the International Monetary Fund (IMF), Kristalina Georgieva, in a video message to the Caixin Summit in Beijing. Georgieva added that the path to the recovery of the world economy must be based on a […]
The crisis is not over, economies must continue to offer fiscal support – Reuters
The International Monetary Fund (IMF) warned on Monday that the coronavirus crisis is not over yet, urging economies to continue offering fiscal support to allow for a healthy recovery, according to Reuters. Featured statements: “The support must be maintained throughout the crisis. A premature withdrawal of aid would further damage livelihoods and increase the likelihood […]
The value of world trade will fall between 7% to 9% in 2020 due to the COVID-19 pandemic
According to the latest report published by the United Nations Conference on Trade and Development (UNCTAD), global trade recovered in the third quarter, but the outlook remains uncertain amid the economic disruptions caused by the COVID-19 pandemic. Highlights “The value of world trade is expected to decline between 7% and 9% in 2020 from the […]
World Bank chief economist warns of major financial crisis emerging from coronavirus pandemic
The coronavirus pandemic is likely to transform into a major financial crisis, World Bank chief economist Carmen Reinhart has warned in an interview with Bloomberg Television. Key Comments: “This didn’t start out as a financial crisis, but it is transforming into a major economic crisis, with very serious financial consequences. “ “There is a long […]