Without a quick agreement to increase the debt limit, the government of USA will not be able to meet its obligations, alerted the Secretary of the Treasury, Janet Yellenwith the risk of an unprecedented default. What can happen from the first of June? The date is the first of June or, more broadly, to “beginning […]
Tag: World economy
Tax reform as a global and Latin American challenge for economic justice
The tax reform is part of a global discussion in a context of economic crisis. He International Monetary Fundthe Group of 20 (G20), the European Central Bank, and several governments of America, like those of the US, Colombia, Brazil and Chile have been putting on the agenda the need for the most profitable companies and […]
Georgieva on global growth: I don’t think anyone is saying 3% is fabulous
The director of the International Monetary Fund (IMF), Kristalina Georgieva, affirmed this Thursday that the global growth forecast for the coming years, which will be around 3%, can never be considered “fabulous”, although it is far from recession. “If you read the numbers I don’t think anyone will say ‘oh these are fabulous numbers”, affirmed […]
World Bank reviews 2023 global growth at 2%
The lack of confinement of markets in China has contributed to decongesting the global growth figures for 2023, anticipated this Monday the world Bank (BM) during the first day of its spring meetings with the International Monetary Fund (IMF). Thus, the head of the multilateral organization, David Malpass, announced a progress of three tenths from […]
Food spike due to Russian invasion will push 40 million people into extreme poverty
Updated on 03/18/2022 05:03 pm The Center for Global Development (CGDEV) stated that the huge increase in food and energy prices caused by the russian invasion of Ukraine will push more than 40 million people into extreme povertyand warned against curbing exports and apply sanctions to Russian food production. In an analysis blog, the Washington-based […]
Threats to the world economy from the war in Ukraine
the war in Ukraine and the rise in the price of raw materials threaten a World economy still not recovered from the crisis of the COVID-19 and represent a bucket of cold water at the beginning of 2022. A recovery at risk? “The war came at a time when Europe and the United States were […]
The G20 pledges US$60 billion for post-COVID recovery
The G20 finance ministers and central bank governors pledged this Friday in Jakarta to allocate US$60 billion (about 52.8 billion euros) to support the most needy countries in post-COVID recovery. In a joint statement after two days of meeting, the ministers and governors declared that they will try to increase the commitment to US $ […]
The IMF will revise upwards the damage in the world economy by omicron
The managing director of Fondo Monetario Internacional (FMI), Kristalina Georgieva, indicated that they will revise upwards the losses that COVID-19 will cause to the world economy until 2024 due to the impact of the omicron variant. “The world economy will lose between now and 2024 US$12.5 trillion, and we are going to revise that figure […]
With omicron, the world economy sees the opportunity to overcome COVID-19
Governments around the world are relaxing quarantine rules, reviewing controls by the coronavirus and reducing emergency aid from the time of the pandemic, in an attempt to return their economies to a certain normality. The measures, motivated by the less seriousness of the omicron variant and the need to keep workers employed and the global […]
After the euphoria of the recovery, the world economy enters a period of turmoil
After the economic cataclysm of 2020, the recovery of the world economy has been good, but the health situation caused by the appearance of the highly contagious omicron variant of COVID-19, shortages of essential products and inflation cast a shadow over the outlook for 2022 . A multi-speed recovery From China to the United States, […]