The International Monetary Fund says that beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, and Africa would get its share too.
Wall Street stocks had their worst day since 1987 on Monday, joining global market carnage as coronavirus outbreak shut down a widening part of US and global economy.
The combination of a viral pandemic and an oil shock may have brought us to the brink of an economic crisis – with no end in sight.
The accelerating novel coronavirus outbreak has stoked violent swings in markets around the world.
UNDP administrator Achim Steiner says it is up to the Sudanese people to decide what kind of society they now wanted, but they needed the help of the international community to build that society.
The fallout from the 2008 global financial crisis refuses to go away and now leading economists may be looking to upend traditional neoliberal economic policy.
Stocks are slipping in early trading on Wall Street as traders hold back ahead of an interest rate announcement from the Federal Reserve.
Retail operators, from prime shopping malls to family-run businesses, have been forced to close for multiple days over the past five months as the region has been hit with anti-government protests.
Recession-hit Argentina has suffered market volatility since business-friendly President Mauricio Macri was trounced in party primaries three weeks ago by leftist challenger Alberto Fernandez.
The financial markets signalled the possibility of a US recession last week, adding to concerns over ongoing trade tensions and word from Britain and Germany that their economies are shrinking.
The slump in growth in leading economies raises concerns with central banks running out of options after driving interest rates to a historic low.
Stocks plummeted amid worsening economic fears after US Treasury yields briefly flashed a warning sign for a coming recession.
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