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Bookmark or Share- An economist explains what COVID-19 has done to the economyCOVID-19 has caused an economic shock three times worse than the 2008 financial crisis. Europe and emerging markets have been hit hard economically, China has escaped a recession. But the worst could be behind us, and a greener economy could emerge after the pandemic, according to the Chief Economist at IHS Markit. Subscribe here.
- Japan ends era of negative interest rates. Here’s whySince then, short-term policy rates have been extremely low, whether it was zero, near-zero or slightly negative. An exception was a short period from 2006 to 2008, when policy rates were low but positive, namely 0.25 to 0.5%. The rates went back to near-zero levels again after the Global Financial Crisis.
- Economic downturn considered biggest risk for many countries | World ...The World Economic Forum’s Global Risks Report 2024 reveals in which parts of the world risks like recession, conflict or the climate crisis are ranked the highest. Economic downturn was considered the number one risk over the next two years by a significant number of regions, including the US and over 20 European countries.
- Recession in 2023? That depends on where you are in the worldWhile the cost-of-living crisis still looms large and will affect many individuals, 68% of those surveyed for the report said it will ease in severity over 2023. “On food costs there is a notable divergence in the expected impact between high- and low-income countries,” the report said.
- These are the biggest global risks we face in 2024 and beyondWar and conflict, polarized politics, a continuing cost-of-living crisis and the ever-increasing impacts of a changing climate are destabilizing the global order. The key findings of the World Economic Forum’s Global Risks Report 2024 reflect these most pressing challenges faced by people in every region of the world.
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