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World Bank forecasts worst economic slump in BD in 40 years

Bangladesh and other South Asian nations are likely to record their worst growth performance in four decades this year due to the coronavirus pandemic, the World Bank said on Sunday. The South Asian region, comprising eight countries, is likely to...

World Bank sees worst economic slump in South Asia in 40 years

India and other South Asian countries are likely to record...

Tunisia economy expected to contract by 4.3pc in 2020

Tunisia’s economy is expected to contract by 4.3 per cent...

China to take global lead in economic recovery: analysts

Even after the city lockdown was lifted, Liu Qi, a...

Mastercard advocates sufficiently high contactless payments limits

Mastercard’s unwavering commitment to making transactions more convenient, safe and...

US weekly jobless claims hit 6.6 million

The number of Americans seeking unemployment benefits has surged for...

Pandemic will unleash worst recession since Great Depression: IMF chief

The pandemic sweeping the world will turn global economic growth...

After pandemic, Fed policymakers see slow US recovery

The US economy is set for a deep slide in...

Global trade may fall by even 32.0pc due to pandemic: WTO

Global trade may fall by between 13.0 per cent and...

Pandemic to wipe out 6.7pc of working hours globally in Q2

The coronavirus (COVID-19) pandemic is likely to wipe out 6.7...

China still needs to hold onto US Treasuries

There has been no short of calls for sell-off of...

Italy announces €400b stimulus plan

Italy’s government has approved new emergency decree that will offer...

StanChart announces global measures to fight Covid-19

  Standard Chartered (the Group) has recently announced a set...

World Bank sees 'major global recession' due to pandemic

World Bank Group president David Malpass on Friday said the...

Coronavirus may halve GDP growth in developing Asia: ADB

Developing Asia’s already slowing economic growth is set to weaken...

With over a million coronavirus cases, economic freefall looms

Global cases of the new coronavirus have shot past 1...

Emirates resumes first passenger flights April 6

Emirates has received approvals to carry passengers on certain flights....

When will US economy bottom? Economists hunt for the right view

The economic crisis spawned by the coronavirus pandemic has produced...

Asia's economy to decline sharply in 2020 due to COVID-19: ADB

The regional economic growth in developing Asia will decline sharply...

India's growth to slow to 4pc in 2020

India's gross domestic product (GDP) is projected to slow to...

Philippine economic growth to fall to 2.0pc in 2020

The Philippine economic growth is projected to fall to 2.0...

Vietnam's industrial production up in first quarter

Vietnam's national index of industrial production advanced 5.28 per cent...

Global economy could shrink by 1.0pc in 2020: UN

The global economy could shrink by up to 1 per...

Almost 900,000 Spanish workers lost their job since coronavirus lockdown

Spain’s social security data showed on Thursday that close to...

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