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30 Mar 20
Governments need to take “stronger, more coordinated measures” to absorb the economic impact of the coronavirus pandemic, the OECD has said, predicting each month of lockdown will knock two...
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27 Mar 20
The European Central Bank has waived the current limit on the amount of a government’s bonds it can buy in response to the Covid-19 outbreak.
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27 Mar 20
The IMF has approved its first emergency loan to help a member country address the challenges posed by the Covid-19 pandemic.
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26 Mar 20
The impact of COVID-19 and the oil price plunge in the Middle East and the Caucasus and Central Asia has been substantial and could intensify, says Jihad Azour.
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26 Mar 20
The International Monetary Fund and World Bank are calling on G20 countries to step up debt relief for poorer nations, during the coronavirus pandemic.
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26 Mar 20
The jury is still out on whether OECD talks will succeed in introducing a global digital tax for multinational firms such as Google, Apple, Facebook and Amazon
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24 Mar 20
The coronavirus outbreak will cause the US economy to contract by 24% in the second quarter of 2020, according to Goldman Sachs’ latest predictions, as the government prepares a $2trn stimulus...
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24 Mar 20
Germany has announced €156bn of new spending to fight the economic effects of the coronavirus.
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24 Mar 20
Increased borrowing costs and falling income from commodities amid the coronavirus pandemic are making poor countries’ debt crises even worse, according to the Jubilee Debt Campaign.
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19 Mar 20
An emergency €750bn package has been launched by the European Central Bank as it tries to soften the blow of the coronavirus pandemic in the eurozone.
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18 Mar 20
The economic impact of the escalating coronavirus pandemic is “much worse than feared”, and the world economy is probably already in a recession, according to ratings agency Standard & Poor’s...
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18 Mar 20
Chad is paying back a $100m loan from Angola with thousands of cattle, the Angolan state-run newspaper has reported.
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17 Mar 20
France is mobilising €45bn to help keep its economy afloat, the finance minister announced, after president Emmanuel Macron declared the country was “at war” with the coronavirus.
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17 Mar 20
While quarantining and social distancing is the right prescription to combat COVID-19’s public health impact, the exact opposite is needed when it comes to securing the global economy, writes IMF...
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17 Mar 20
A €1bn package of support for economies hit by the coronavirus pandemic has been unveiled by the European Bank for Reconstruction and Development.
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13 Mar 20
Sudan faces “daunting” challenges to its economy as the government tries to reform the country after decades under a dictatorship, the IMF has warned.
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13 Mar 20
The European Central Bank has deployed stimulus measures in an attempt to soften the economic blow of the coronavirus pandemic.
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12 Mar 20
The UK government risks retaliation from the US after confirming it will go ahead with its planned tax on internet giants such as Facebook and Google from April.
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10 Mar 20
Multinational companies could make a “significant contribution” to the sustainable development of many economies around the world if their profits and taxes were more transparent, according to a...
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10 Mar 20
Government bond yields across the world have plummeted, due to the combination of a sharp decline in oil prices and market uncertainty surrounding the coronavirus outbreak.
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9 Mar 20
Lebanon is set to default on its debts after the prime minister stopped a bond payment he said the government cannot afford while Lebanese people suffer.
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9 Mar 20
The IMF’s Vitor Gaspar and Paolo Mauro outline how governments should respond to the outbreak in order to stop the worst economic effects.
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6 Mar 20
Power cuts and poor performance by the state-owned power company Eskom are “killing the economy” of South Africa, an economist has told PFF after the country entered its second recession in two years.
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6 Mar 20
World financial institutions and governments this week rushed to provide billions of dollars to fight the coronavirus outbreak and support the economy.
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4 Mar 20
Fears of the coronavirus outbreak hitting the economy have caused the US Federal Reserve to slash interest rates in the biggest single cut since the last financial crisis.