COVID-19 pandemicECONOMIC policyINTERNATIONAL economic relationsThe COVID-19 pandemic disrupted the world economy in 2020. As of December 23, 2020 the World Health Organization (WHO) reports more than 76 million confirmed cadoi:10.11644/KIEP.EAER.2020.24.4.381Deardorff, Alan V....
COVID-19 will have a significant and lasting impact on the economy, but trade volumes will recover. The companies that will emerge with a competitive advantage in the next normal will be those that develop granular scenarios on how demand will evolve, appropriate playbooks to use in...
In this paper, the author predicts three possible scenarios that the world economy might face. He has also provided some action recommendations for the individual Governments and economic organizations in order to reduce (as such loss cannot be prevented completely) the after-effects of such deadly...
IMF forecast for China China’s economy is forecast to grow at 8.4%. This economy has already recovered to the pre-pandemic GDP levels, while other emerging and developing economies will not do so until 2023. The pandemic has accelerated the transformative forces of digitalization and automation,...
The International Monetary Fund has revised up its forecast for global GDP in 2020, but still says the global economy will contract by 4.4% this year. The IMF also predicts a “long, uneven and uncertain” recovery from a worldwide recession sparked by the coronavirus pandemi...
Learn more about the impact of COVID-19 on the global economy, the shifts in stock markets, and the response of the major industries.
Despite the positive outlook, the IMF warned that there are more challenges ahead, as different nations administer COVID-19 vaccines at varying rates. But the IMF's chief economist said the global economy as a whole will likely return to pre-pandemic levels this year....
Bankers fear that cutting interest rates alone will not spur the world economy back into life after it has been hit by the coronavirus outbreak and that more government action is needed.COVID-19 is sweeping around the world and as cases increase, people are being told to avoi...
economy falls apart and rebuilds itself quite regularly. What set the Great Recession apart from other recessions was how long it took to rebuild. The same may be true of the current recession. Worst Global Recession in History That Ever Happened Before the current COVID-19 recession, the ...
BEIJING, April 11 (Xinhua) -- The COVID-19 pandemic has wreaked havoc on the world economy and cast a staggering gloom over growth prospects far and wide, incurring a short-term collapse in global output and widening tolls on various industries and the masses. Kristalina Georgieva, managing ...