global economy

The global economy is in a new expansion cycle and output will return to pre-coronavirus crisis levels by the fourth quarter, according to Morgan Stanley economists.

With governments adopting measures to halt the Covid-induced economic downturn and prepare the way for a safe recovery, we need to start focusing on new ways to open up and create markets. So far, this task has been taken up almost entirely by

Smoothing the economic catastrophe generated by Covid-19 has led to intense discussions on whether the banking sector is an effective channel to inject financial oxygen into the economy.

Stocks have continued to rise despite dismal economic data and corporate earnings, political worries and street protests in the US, renewed US-China trade war tensions as well as pandemic uncertainties.

Covid-19, and the economic crisis it has triggered, is stretching this tension between saving- and the current-account to the breaking point. The culprit: exploding government budget deficits.

The financial markets reacted to the Covid-19 outbreak with an unprecedented first-quarter drop, then turned around quickly.

The Organization for Economic Cooperation and Development (OECD) announced that the real gross domestic product (GDP) across the G20 countries fell by 3.4% in 1Q20 due to the containment measures induced by the Covid-19 global pandemic.

SINGAPORE (June 11): CGS-CIMB Research analyst William Tng has initiated coverage on mainboard-listed precision metal part maker Innotek with an “add” call and target price of 57.9 cents, representing an upside of 52.5% for the stock. 

The OECD sees a 6% global economic slump this year and warned that the impact of the coronavirus pandemic on businesses and the most vulnerable will require extraordinary government action, it said in its quarterly outlook.

The torrid rally in U.S. stocks pushed the S&P 500 into the green for the year as easing lockdowns bolstered economic optimism. The dollar fell. A jump to a 15-week high on Monday extended the benchmark’s surge from its March low to almost 45%.