Before the coronavirus pandemic, the world was already unequal. Hence activists and organisations fighting and marching for gender equality, equality of opportunity and education, among others. However, COVID-19 has exposed and exacerbated global economic inequality – geographically and socially. The health crisis has had a devastating impact on poverty levels and inequality.

With the reimposition of the movement control order (MCO 2.0) in Malaysia which impacts the economy – though less severe compared to MCO 1.0 – we may be witnessing the beginning of a housing loans crisis in the making. This near-apocalyptic scenario may not sound palatable for banking stocks and could well be just hypothetical.

A strong response to the coronavirus pandemic, surging exports and healthy public spending have helped Vietnam buck a global recession in 2020 and fast-track its recovery, with analysts predicting it will likely enjoy one of the highest growth rates in the world.But the pain is not over for some sectors with containment measures and border disruptions hammering the country's tourism industry, and leaving the once-booming aviation sector limping.While many countries have suffered from hig

With the COVID-19 outbreak, ASEAN member states (AMS) are now in the middle of dealing with a combination of shocks – the public health crisis, a lagging economy, a stressed financial sector, and climate change risk. As the pandemic shows no signs of ending, the economy of ASEAN is projected to contract by 3.8 percent in 2020, the first economic contraction for the bloc in 22 years.

The next few months will tell us a lot about the shape of the coming global recovery. Despite ebullient stock markets, uncertainty about COVID-19 remains pervasive. Regardless of the pandemic’s course, therefore, the world’s struggle with the virus so far is likely to affect growth, employment, and politics for a very long time. Let’s start with the possible good news.

The COVID-19 pandemic has brough severe disruptions to economies and labour markets worldwide.

The coronavirus pandemic may have driven as many as 100 million people back into extreme poverty, World Bank President David Malpass warned Thursday.The Washington-based development lender previously estimated that 60 million people would fall into extreme poverty due to COVID-19, but the new estimate puts the deterioration at 70 to 100 million, and he said "that number could go higher" if the pandemic worsens or drags on.The situation makes it "imperative" that creditors

Shuttered shops, idle production lines, grounded planes - the coronavirus pandemic has devastated several industries, not least the aviation and automobile sectors, but also retail and energy.Here is a recap of some major casualties, amid layoffs, bankruptcies and rescue plans: Crash LandingAmong the big-hitters in crisis in the air transport sector are two Latin American carriers, including the region's biggest airline LATAM, and Colombia's Avianca, both of which have file

The coronavirus pandemic pushed most of the world's major economies into unprecedented contractions in the second quarter, except for China which escaped a recession.Here are second-quarter changes in gross domestic product (GDP) compared to the previous quarter for the world's top economies.

To date, the COVID-19 virus has infected over 20 million people worldwide, taking with it some 700,000 lives. The new coronavirus does not discriminate when preying on its next victim. The old, the young, rich, or poor – have all been infected with the disease. Unfortunately, the COVID-19 crisis does not just affect one’s physical health.