Global economy
IMF warns of lasting economic damage, long climb out of recession
Growth in 2021 is expected to be slightly slower than forecast in June and even weaker in the next few years due to the lasting damage inflicted by COVID-19.
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World stocks slide after Trump catches coronavirus
The news of Donald Trump's diagnosis sparked fresh political chaos in the world's biggest economy just one month before Americans go to the polls.
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COVID-19 pushing much of the world into record economic slumps
Here are the second quarter changes in gross domestic product (GDP) compared to the previous quarter for the world's top economies.
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Markets mixed ahead of Fed decision as US lawmakers wrangle
The Federal Reserve concludes its latest policy meeting later in the day, and while it is not expected to announce any new measures, there are hopes it will offer new guarantees that it will keep the stimulus in place for an extended period.
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Gold hits new record, equities up on US stimulus hope
US second-quarter economic growth data is also due this week, and a disappointing reading on what is expected to be a historic contraction could fuel further dollar weakness.
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EXPLAINER: When the US sneezes, the world gets a cold. So what about COVID-19?
The country’s troubled response to the coronavirus pandemic emerges as a chief risk to any sustained global recovery.
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S&P: Downward GDP revision for developing nations reflect pandemic situation
The agency has cut its growth forecasts for emerging markets, predicting a 4.7% slump on average this year due to the coronavirus.
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Stars and scientists call for world not to 'go back to normal'
They said the pandemic was a tragedy but it was a chance for humanity to "examine what is essential".
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Coronavirus health fears outweigh concern for economy - global survey
The latest findings of the Edelman Trust Barometer challenge the notion that “lockdown fatigue” is rising among populations hit by the pandemic.
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BP announces $4.4bn quarterly loss as oil prices crash
Crude futures plunged to record lows this month, with US prices sinking briefly into negative territory, also following a vicious price-war between major oil producers Saudi Arabia and Russia.
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Chinese economy contracts for first time in decades: AFP survey
The world's second-largest economy tanked in the first three months of the year as factories closed, consumers were compelled to stay home, and the virus spread to other countries.
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Pandemic causing deep recession, and it could get worse: IMF
The downturn will slash $9 trillion from the world economy, IMF chief economist Gita Gopinath told reporters as she presented the latest forecasts in the World Economic Outlook.
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ANALYSIS: How to think straight during a crisis
Edward Chancellor writes that the decisions of businesspeople and investors are necessarily affected by their thinking about COVID-19. It’s more important than ever to avoid allowing cognitive biases to overwhelm better judgement.
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Eurozone could put up €240bn in COVID-19 aid - head
Mario Centeno, who is also Portugal's finance minister, said the funds would be made available via the European Stability Mechanism. Centeno said any credit line should be designed to help, not make matters worse for those states needing aid.
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OPINION: The world needs to declare bankruptcy
Finance is doing more harm than good. It's supposed to help the economy run smoothly by channelling money to the places where it can do the most economic good. Instead, it's slowing down growth and adding risk, writes Edward Hadas.
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ANALYSIS: The world before this coronavirus and after cannot be the same
We must avoid the mistakes made throughout the 20th and early 21st centuries by undertaking fundamental reforms to ensure that we never again face the threat of pandemics.
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World Bank to lower global growth forecast over virus outbreak
The World Bank last month forecast a rebound in global growth this year after the easing of trade tensions between the US and China that had contributed to a decline in 2019.
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ANALYSIS: New China virus is bigger threat to world economy than SARS
The world’s second-largest economy, already weak, now accounts for a much larger share of global growth. No wonder investors are jittery.
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Equities and oil tank as deadly coronavirus triggers panic
Chinese President Xi Jinping warned over the weekend that China was facing a 'grave situation' given the 'accelerating spread' of the new SARS-like virus that has infected nearly 1,300 people across the country.
