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The global economy will accelerate in 2021, though with significant variation around the world as vaccinations reduce direct costs of the pandemic as well as lockdowns and social distancing.
Nevertheless, a 2021 recovery is very uncertain. China’s economy is growing strongly again, but many of the world’s richest nations may not fully rebound until 2022 at the earliest.
Based on IMF projections for 2021, India is the fifth fastest growing economy, and the fastest-growing trillion-dollar economy in the world. With a population of more than 1.2 billion, India is ...
During economic crises it is normal to hear those responsible for economic policy say, “We are all Keynesians now.” Looking at the record highs of the stock markets during a time of dramatic ...
The world's economic output will exceed $100 trillion for the first time next year and it will take China a little longer than previously thought to overtake the United States as the No.1 economy ...
WILL THE stagflationary forces acting on the world economy last? Throughout 2021, central banks and most economists have said that the factors causing inflation to rise and growth to slow would be ...
The Organization for Economic Cooperation and Development last week projected that the world economy would grow 4.5 percent in 2022, downshifting from an expected 5.7 percent expansion in 2021.
THE RICH world is used to wages and prices growing slowly. In the decade after the global financial crisis, inflation rarely exceeded central banks’ targets, and wages seemed unable to grow much ...
The upgraded US forecast means the world’s biggest economy is on track to grow more quickly than many other developed nations this year.
The coronavirus has crippled the world economy. Global GDP suffered its sharpest drop since the end of the second world war in 2020, millions were unemployed or furloughed, and governments pumped ...