However, economic losses in 20-25 due to unemployment, bankruptcy, debt, etc. due to the economic slowdown may reach up to $ 28 trillion, and the global medium-term growth rate after 2009 may remain around 3.5%. Recognized that there is. The global economic outlook for 2009 is forecast to be + 5.2%. However, the outlook for many […]
Tag: Debt
Debt of poor countries at the heart of G20 discussions
The risk of a financial crisis following the pandemic crisis continues to mount. “Some emerging and developing countries are experiencing financing difficulties that risk to tip them into over-indebtedness or financial instability. “ In its report on financial stability, the day before the virtual meeting of G20 finance ministers, the International Monetary Fund is explicit and sounds […]
Dubai’s Economy Won’t Recover From The Pandemic Until 2023, Says S&P
Dubai, one of the famous cities for tourists, was hit as the travel and tourism industry had to close down due to the pandemic. The rating agency, S&P, predicted that Dubai’s economy would contract by 11% in 2020.
