“While efforts are being mounted on a war footing to arrest its spread, COVID-19 would impact economic activity in India directly through domestic lockdown. Second round effects would operate through a severe slowdown in global trade and growth,” the RBI said.
“Global competitiveness will be more and more defined by the innovative capacity of a country. Talents will become increasingly more important than capital and therefore the world is moving from the age of capitalism into the age of talentism. Countries preparing for the fourth industrial revolution and simultaneously strengthening their political, economic and social systems […]
From India to Italy, coronavirus lockdowns have closed businesses and kept billions of people homebound for weeks, provoking a simultaneous supply and demand shock that’s snarled global production and logistics networks built without sufficient capacity to absorb a jolt of this magnitude.Companies including Airbus SE in Europe and FedEx Corp. in the U.S. have cautioned […]
Businesses are also continuing to press the government to make further progress in talks with the EU, despite this month’s breakthrough, warning they will keep hiring and investment plans on ice without greater clarity. Firms want to see a transitional deal to smooth the UK’s exit from the EU as early as possible. However, there […]
“The UK is still a large market for bonds and sterling is still a reserve currency behind the dollar and the euro. And the UK is not different to any other country in needing extra funds to support extra spending. It is not an outlier,” he said.
Governments and central banks are trying to mitigate the pandemic’s economic fallout with multi-trillion dollar packages of fiscal and monetary support to prevent debt default, bankruptcy and job losses. Yet the unusual nature of this recession complicates the immediate policy response. Instead of spending money to get people working and consuming again, countries need to […]
“President Trump warning about two dreadful weeks ahead and 100,000 – 240,000 deaths in the coming months is definitely putting a negative tone on the market,” said Societe Generale strategist Kit Juckes. “It is pretty risk-off out there. It is definitely a day of lower bonds yields, falling equity indexes and tin hats.”
“Don’t fight the Fed” is the old adage, but markets seem to be doing their best to do that anyway – a new set of Fed FX swap lines on Tuesday was meant to reassure markets that the U.S. central bank was there to ensure an adequate supply of dollars.
CBA forecasts a 200,000 drop in employment, higher than the median estimate of a 100,000 drop according to a Reuters’ survey of economists – though like most, they expect far worse to come as the data catches up to the damage in the real economy.
The company said although International Women’s Day, which has been dubbed the “queen’s day” by retailers in China, fell amid the outbreak of COVID-19 this year, sales of more than 20,000 brands participating in promotional retail events in China on the day doubled from the previous year, with both old and new brands experiencing a […]