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12 Mar 21
A short-term world economic crisis is unlikely, despite world debt spiralling to $201trn at the end of last year – equal to 267% of global GDP, according to ratings agency Standard and Poor’s.
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11 Mar 21
Joe Biden’s $1.9trn stimulus package has been approved by the US Congress, in a move predicted to boost the world economy during the recovery from Covid-19 and support some of the country’s poorest...
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11 Mar 21
China will look to expand its middle class while continuing to open up its economy to trade, state media reported following the adoption of the country’s latest five-year plan.
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9 Mar 21
Italy has made Europe’s largest ever green bond debut, joining a growing trend of environmental issues on the continent as governments try to stick to their Paris Agreement commitments on reaching...
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9 Mar 21
The world economy is expected to grow by 5.6% this year, 1.4 percentage points higher than expected in December, dependent on vaccination progress, according to the OECD.
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8 Mar 21
Kenya’s credit rating has been downgraded by ratings agency Standard & Poor's, despite the country having recently agreed a deal with the International Monetary Fund aimed at reducing its debt...
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8 Mar 21
Two experts take opposing stances on the merits of a targeted tax on the rich, following a UK Commission finding a one-off wealth tax would help the country recover from the pandemic.
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5 Mar 21
Negative interest rates achieved their desired effects of boosting growth and inflation, and are likely to continue being a policy option for central banks, a report from the IMF has said.
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4 Mar 21
A group of progressive Democrats in the US senate has introduced a bill for a 3% annual tax on wealth exceeding $1bn, and 2% on that above $50m.
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2 Mar 21
The billions of dollars governments lose to tax abuse, corruption and money laundering could be used to fight the global challenges of our age, a UN panel has said.
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25 Feb 21
The world’s richest countries borrowed a record $18trn from the markets in 2020, an OECD report into Covid-19’s effect on debt has found.
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23 Feb 21
The head of Myanmar’s military government has told his officials they need to take action to revive the country’s struggling economy, state media has reported.
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19 Feb 21
Bolivia’s central bank has returned a loan of nearly $350m plus interest to the International Monetary Fund, claiming it had been improperly negotiated by the previous government.
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19 Feb 21
Covid-19 led public debt to a record high in 2020, as governments borrowed three times as much as they did the previous year while trying to fight the virus.
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18 Feb 21
Several countries in Latin America “will find it challenging” to reduce their deficit enough to get their debt back on a sustainable footing, according to ratings agency Fitch.
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16 Feb 21
Kenya is set to receive $2.4bn from the International Monetary Fund to enable its government to continue its economic response to the pandemic.
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12 Feb 21
The Rwandan economy has fallen into its first recession in more than 25 years, with the World Bank warning it risks years of gains in poverty reduction.
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9 Feb 21
State-owned oil companies risk wasting $400bn on oil and gas projects that will only break even if the world fails to meet the Paris agreement climate goals, according to a report from an NGO.
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9 Feb 21
As the world looks ahead towards the end of the Covid-19 crisis, whenever that might come, it is time to reflect on the role taxes can play in rebuilding our economies, argue Pascal Saint-Amans and...
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29 Jan 21
The new US administration is likely to cooperate with other countries in finding a solution to the issues around international corporation tax, German finance minister Olaf Scholz has said.
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29 Jan 21
In the wake of Covid-19, central banks are once again asking whether cutting interest rates below zero could provide a lifeline to struggling economies. Lawrie Holmes investigates.
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26 Jan 21
Global defence spending reached $1.93trn in 2020, after rising continuously for the past seven years, but a “noticeable slowdown” could be on the way as governments deal with the fallout of Covid-19.
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26 Jan 21
More efficient energy policies could generate revenue worth around 1% of GDP for developing countries, the OECD has claimed.
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18 Jan 21
Canada will use “whatever fiscal firepower” is needed in its fight against the effects of Covid-19, but only in the short term, prime minister Justin Trudeau has said.
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15 Jan 21
The US will undertake huge spending as the Joe Biden presidency gets underway, the president-elect has said less than a week ahead of taking office.
12 Mar 21A short-term world economic crisis is unlikely, despite world debt spiralling to $201trn at the end of last year – equal to 267% of global GDP, according to ratings agency Standard and Poor’s.
11 Mar 21Joe Biden’s $1.9trn stimulus package has been approved by the US Congress, in a move predicted to boost the world economy during the recovery from Covid-19 and support some of the country’s poorest...
11 Mar 21China will look to expand its middle class while continuing to open up its economy to trade, state media reported following the adoption of the country’s latest five-year plan.
9 Mar 21Italy has made Europe’s largest ever green bond debut, joining a growing trend of environmental issues on the continent as governments try to stick to their Paris Agreement commitments on reaching...
9 Mar 21The world economy is expected to grow by 5.6% this year, 1.4 percentage points higher than expected in December, dependent on vaccination progress, according to the OECD.
8 Mar 21Kenya’s credit rating has been downgraded by ratings agency Standard & Poor's, despite the country having recently agreed a deal with the International Monetary Fund aimed at reducing its debt...
8 Mar 21Two experts take opposing stances on the merits of a targeted tax on the rich, following a UK Commission finding a one-off wealth tax would help the country recover from the pandemic.
4 Mar 21A group of progressive Democrats in the US senate has introduced a bill for a 3% annual tax on wealth exceeding $1bn, and 2% on that above $50m.
2 Mar 21The billions of dollars governments lose to tax abuse, corruption and money laundering could be used to fight the global challenges of our age, a UN panel has said.
25 Feb 21The world’s richest countries borrowed a record $18trn from the markets in 2020, an OECD report into Covid-19’s effect on debt has found.
23 Feb 21The head of Myanmar’s military government has told his officials they need to take action to revive the country’s struggling economy, state media has reported.
19 Feb 21Bolivia’s central bank has returned a loan of nearly $350m plus interest to the International Monetary Fund, claiming it had been improperly negotiated by the previous government.
18 Feb 21Several countries in Latin America “will find it challenging” to reduce their deficit enough to get their debt back on a sustainable footing, according to ratings agency Fitch.
16 Feb 21Kenya is set to receive $2.4bn from the International Monetary Fund to enable its government to continue its economic response to the pandemic.
12 Feb 21The Rwandan economy has fallen into its first recession in more than 25 years, with the World Bank warning it risks years of gains in poverty reduction.
9 Feb 21State-owned oil companies risk wasting $400bn on oil and gas projects that will only break even if the world fails to meet the Paris agreement climate goals, according to a report from an NGO.
29 Jan 21The new US administration is likely to cooperate with other countries in finding a solution to the issues around international corporation tax, German finance minister Olaf Scholz has said.
29 Jan 21In the wake of Covid-19, central banks are once again asking whether cutting interest rates below zero could provide a lifeline to struggling economies. Lawrie Holmes investigates.
26 Jan 21Global defence spending reached $1.93trn in 2020, after rising continuously for the past seven years, but a “noticeable slowdown” could be on the way as governments deal with the fallout of Covid-19.
26 Jan 21More efficient energy policies could generate revenue worth around 1% of GDP for developing countries, the OECD has claimed.
18 Jan 21Canada will use “whatever fiscal firepower” is needed in its fight against the effects of Covid-19, but only in the short term, prime minister Justin Trudeau has said.
15 Jan 21The US will undertake huge spending as the Joe Biden presidency gets underway, the president-elect has said less than a week ahead of taking office.
