Global foreign direct investment fell by 42% in 2020, outlook remains weak As reported by the UNCTAD global foreign direct investment (FDI) collapsed in 2020, falling 42% from $1.5 trillion in 2019 to an estimated $859 billion, according to an Investment Trends Monitor published on 24
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Japan’s Economy Contracts 7.8 Percent, Worst Decline on Record The bad news for various major economies in the world are piling up. The Japanese economy gets its worst result on record. “The pandemic’s total impact on the economy up to this point is almost the same as
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Brexit hit looms for industries that escaped worst of pandemic For quite a while Brexit was largely out the public eye, but the issues from last year have not been resolved. In actuality they have been complemented by the Covid-19 crisis. The LSE has created a joint
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US economy posts its worst drop on record The US Bureau of Economic Analysis confirmed that the world largest economy has contracted with 32.9% annual rate from April to June 2020. CNN reports that “…this is no ordinary recession. The combination of public health and economic crises
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Understanding global debt: Relieving the COVID-19 impact on the most vulnerable The World Bank Blog sharpens the attention of the reader to the global dis-balances caused by the Pandemic. A serious concern is raised for the 100 million people that are expected to be pushed into extreme
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China’s biggest gold fraud, 4% of its reserves may be fake: Report A stunning fraud may be unfolding in China according to media reports.”In short, more than 4 per cent of China’s official gold reserves may be fake. And this assume that no other Chinese gold producers
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Financial Conditions Have Eased, but Insolvencies Loom Large The IMF Blog post raises concerns about a possible wave of defaults from around the globe. The authors suggest that “In the newest Global Financial Stability Update, we analyze the tug of war between the real economy and financial
Read more →Argentina Debt Swaps Set to Pay $1.5 Billion After Default The CDS holder of Argentina are set to receive on average 68.5% of the notional amount of the protected bonds as settled on the open market. Deriveum will use similar mechanism for for settlement calculation, but will
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One in four US workers claiming jobless benefits The Covid-19 health crisis is quickly turning into serious economic challenge. Nearly 25% of the US workforce is now idle with incomes and jobs shattered. “Today’s unemployment claims continue their epic ascent on a cumulative weekly basis; not since
Read more →Coronavirus: Pandemic sends US jobless rate to 14.7% The US unemployment rate reached 14.7% according to the US Department of Labor. 20.5 million jobs were lost in the month of April, bringing the total from 3.5% in February. The shock to go from the lowest unemployment number
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