World economy

How COVID Spread The Fear Of Globalisation

When Xi Jinping promised the world’s movers and shakers in January 2017 that China would champion globalisation, it looked as if the baton of global economic leadership was being picked up seamlessly by Beijing as Donald Trump prepared to usher in an era of American isolationism.Almost five years later a new world order has emerged, but it is not the one China’s president and others gathered in Davos that day seemed to have in mind.Instead of a continuation of the post-cold war era of growth

16 October 2021
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World Economy Back To Pre-COVID Level In 2021?

The global economy may get back to pre-pandemic levels by the end of next year as vaccines help propel recovery, but growth is likely to be uneven, the Organisation for Economic Co-operation and Development (OECD) said Tuesday.Signs that vaccines could now be weeks away from distribution have injected cautious optimism as the year limps to a close with COVID-19 having claimed some 1.4 million lives."For the first time since the pandemic began, there is now hope for a brighter future,&quo

2 December 2020
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What happens when oil hits US$100 a barrel?

Surging crude prices are posing another headwind for the world economy after United Sates (US) President Donald Trump’s “zero” pledge on Iran oil sales.Brent crude has risen about 33 percent this year and is close to the highest in six months. While higher prices due to strong demand typically reflects a robust world economy, a shock from constrained supply is a negative.Much will depend on how sustained the spike proves to be.

29 April 2019
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