Loan Default

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

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

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

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

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

BP profits dive 66% as coronavirus hits oil demand The Covid-19 economic effects continue to have huge economic implications. As BBC reports “Lockdowns around the world have been keeping people inside, slashing demand for oil.” The entire energy sector is experiencing fall of profitability, which is likely

IMF chief says its forecast that 170 global economies will shrink may be too optimistic The IMF’s projection of global GDP decline by 3% may be too optimistic, Kristalina Georgieva has warned. The coronavirus pandemic is set to leave 170 countries with lower GDP per capita by

G-7 Backs Debt Help For Poor Nations, Splits on IMF Fillip As Bloomberg reports the G-7 are inching closer to a combined approach to provide assistance to poor nations that are expected to be hard-hit by the economic spill-overs from the COVID-19 pandemic. Initial reports indicate that

Coronavirus: UK among economies risking record slump The BBC business analysis describes some of the preliminary predictions on the affect of the global pandemic. There are expectation for severe contraction of economic activities and waterfall effect for sectors that were partially insulated form the crisis up until