After concluding the annual conference on economics, China has reiterated that it will maintain the sustainability, stability and continuity of macroeconomic policies, Reuters reported, citing Chinese state media. “China will continue to implement a proactive fiscal policy,” the news said. The monetary policy implemented will be prudent and will seek to be “flexible, objective and […]
Tag: Increase
Brexit will reduce around 5% of UK GDP in the long term
A post-Brexit trade deal is still at stake. The risk of not reaching an agreement is very high, but ABN Amro economists doubt that such a scenario will last long; An agreement is likely to be concluded in the course of 2021. However, even with a deal, Brexit will inflict significant damage on the economy […]
World GDP will expand 4.2% in 2021 and 3.7% in 2022
The Organization for Economic Cooperation and Development (OECD) said on Monday that expects global GDP to contract 4.2% in 2020, compared to 4.5% in September’s forecast, as reported by Reuters. Additional comments: “The OECD predicts that the 2020 world GDP will be -4.2% (compared to -4.5% expected in September), + 4.2% in 2021 (compared to […]
Mersch says it will probably be difficult to maintain positive growth in the fourth quarter
“We believe it will likely be difficult to maintain positive growth in the fourth quarter“Yves Mersch, European Central Bank (ECB) policy officer, said in an interview with the Financial Times (FT) on Wednesday. “Although if we look at the German figures, Germany could do it“, has added. Additional comments: “Given the the consequences of this […]
Georgieva says additional monetary stimulus can pose risks to financial stability
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, has warned against additional monetary stimulus, saying it would pose significant risks to financial stability while speaking at an event discussing the consequences of “lower for longer” interest rates around the world. Key Comments: “Now many central banks are going back to the lab, […]
The US economy is not slowing down
In an interview with Fox News, White House economic adviser Larry Kudlow, does not believe the US economy is slowing down, Reuters reports. Mentioned that the White House is working to repurpose unused relief funds for a specific coronavirus relief package. As for the coronavirus vaccine, Kudlow estimates that “most likely” there will be 20 […]
Recovery may be losing momentum, risks are very high
The International Monetary Fund (IMF) stated that it sees signs that the global recovery may be losing momentum, leading to a worsening in poverty and income distribution. IMF Managing Director Kristalina Georgieva stated that recent data confirms the continued global recovery from the COVID-19 crisis, but the economic outlook remains difficult and prone to setbacks. […]
We do everything possible to keep retail stores open – Altmaier
German Economy Minister Peter Altmaier said Wednesday that are doing their best to ensure that retailers can stay open, as reported by Reuters. Meanwhile, the International Monetary Fund (IMF) in its latest report noted that Germany’s economic growth prospects have weakened due to the second wave of coronavirus infections. The international organization foresees that the […]
Atlanta Fed GDP now rises to 5.4% for the fourth quarter
The real gross domestic product (GDP) in the United States is expected to grow 5.4% in the fourth quarter of 2020, compared with 3.5% on Nov. 6, the latest GDPNow report from the Federal Reserve Bank of Atlanta showed on Tuesday. “Following the release of recent data from the US Bureau of Labor Statistics, the […]
Bundesbank says economy likely to stagnate or slow in fourth quarter
Germany’s economy is likely to stagnate or contract in the fourth quarter of the year due to coronavirus-related tightening measuresthe Bundesbank said in its monthly report on Monday, Reuters reports. “Overall economic performance could stagnate or even decline after very strong growth in the summer,” the Bundesbank said. Market reaction This headline does not appear […]
