Global Economy –Rundown: The United States Fed Reserve maintained its key benchmark rate at 0%- 0.25%, while policymakers held that the economy is not out of the woods of economic struggles despite splashes of rebound in economic activity, as the economy remains below the pre-pandemic levels. The recent economic trajectory remained within the cautious territory,…
Global Economy –Rundown: The recent European region statistics have revealed that the region economy GDP recorded a 12.7% growth for Q3, and a 12.1% GDP growth was recorded within the European Union States, on a quarter on quarter basis, while their respective year on year GDP remains within the contraction bandwidth. The growth was propelled…
Global Economy –Rundown: According to the International Monetary Fund, the Sub Saharan region is projected to contract by 3% for the year 2020, this was the view of the fund in its recent published outlook, given the persistent wave of the economic shock that is expected to be more exacerbated among tourism-dependent economies and commodity-exporting…
Global Economy –Rundown: According to IMF recent global economic outlook for the year, it has projected that the global economy will be contracting by 4.4% which is a slight improvement to its earlier projection of a 4.9% economic contraction, this slight moderation was fueled by glimpse of recovery exhibited, as the global economy becomes geared…
Global Economy –Rundown: China has reported some blossom economic data on its path to recovery from the Covid-19 economic shock, this is manifested by its encouraging PMI index that has indicated expansionary growth in recent month, however, the sustainability of such growth is threatened, as this was propelled by export-driven activities and this embedded with…
Global Economy –Rundown: China’s official Manufacturing Purchasing Manager’s Index for the month of September ramped up marginally by 0.50 index point to 51.50 index point from the previous month index readings of 51.00, the improved index was propelled by resilient export activities and infrastructure expansion that has resulted in enhanced demand and supply, as…
Global Economy –Rundown: The possibility of securing lawmakers assent for an additional relief package prior to the election remains faint, as such the Fed Chair and Treasury Secretary have requested from the United State lawmakers to consider approving the utilization of the unused pandemic aid that is estimated at about $380 billion, this call is…
Global Economy –Rundown: According to the organization of Economic Corporation and development have revised its economic outlook for the rest of the year, its global economic projection stands at 4.5% contraction, which is an improvement from the previous projection of global economic contraction of 6%, despite the improved projection, the global economy is still embodied…