Global
![[INFOGRAPHICS] Trend in Global COVID-19 Death Rate](https://giftedanalysts.com/wp-content/uploads/2020/08/Covid-Death-Rate-scaled.jpg)
Global Imbalances and the COVID-19 Crisis
A new IMF External Sector Report shows that overall current account deficits and surpluses in 2019 were just below 3 percent of world GDP, slightly less than a year earlier. The latest forecasts for 2020 imply only a further narrowing by some 0.3 percent of world GDP, a more modest decline than after the global financial crisis 10 years ago.
The Global Economic Reset- Promoting a More Inclusive Recovery
By Kristalina Georgieva The COVID-19 crisis is inflicting the most pain on those who are already most vulnerable. This calamity could lead to a significant rise in income inequality. And it could jeopardize development gains, from educational attainment to poverty reduction. New estimates suggest that up to 100 million people worldwide could be pushed into extreme poverty, […]
The Much Damages Coronavirus has Done to the Global Stock Market
In the global stock market, the impact has been overwhelming as investors rally around to look for safe havens. The DOW-Jones, S&P 500 and NASDAQ have all entered into the bear market as a result of COVID-19. According to the rules of the New York Stock Exchange (NYSE), trading on the floor of the exchange […]
In their Numbers: How Coronavirus is Hurting the Global Economy
The last time oil price was at a low of between $20 and $26 per barrel was in 2003. Bloomberg reports that the last time factories were shut down up to the level they are shut in the last two months, was during the Second World War. That is, biggest factory shut down since WWII […]