Economy

  1. Global economic recovery from Covid may take five years, World Bank warns

    Global economic recovery from Covid may take five years, World Bank warns

    “There will probably be a quick rebound as all the restriction measures linked to lockdowns are lifted, but a full recovery will take as much as five years,” the World Bank’s chief economist Carmen Reinhart has said in a speech during a conference held in Madrid.

    Region:
    World
    Category:
    Economy
    Author/s:
    By Reuters
  1. Think tank raises Taiwan's 2020 GDP growth forecast

    The Chung-Hua Institution for Economic Research (CIER) has raised its forecast for Taiwan's economic growth in 2020 to 1.77 percent because of a pickup in economic activity as COVID-19 fears ease and spending vouchers are issued to consumers.

    Region:
    Asia
    Category:
    Economy
    Author/s:
    By Focus Taiwan
    Think tank raises Taiwan's 2020 GDP growth forecast
  2. UK sets out plan to boost economy amid coronavirus hit

    The chancellor says people are anxious about losing their job and unemployment rising. “We’re not just going to accept this,” he adds.
    Sunak says he is announcing a “plan for jobs” to protect, create and support employment.
    He says at the start of the crisis the government provided £160bn to cushion the economic fallout from the Covid-19 crisis and lockdown.
    Britain is entering the second phase of the government’s economic response, he says. The job responding to the crisis has “only just begun”, he adds.
    The chancellor says the government will put the public finances back on a “sustainable footing”, but he suggests this should be in future as Britain rebuilds.

    Region:
    Europe
    Category:
    Economy
    Author/s:
    By BBC, Reuters
    UK sets out plan to boost economy amid coronavirus hit