The Asian economy is expected to shrink this year “for the first time in memory,” said the International Monetary Fund, warning that the region could take several years to recover. The fund said in a blog post published Tuesday that the Asian economy is likely to contract 1.6% this year, …
Read More »
FILE PHOTO: Traders Wear Masks While Working on the Floor of the New York Stock Exchange as the Outbreak of Coronavirus Disease (COVID-19) Continues in the Manhattan District of New York, USA, May 28 2020. REUTERS / Lucas Jackson / File Photo (Reuters) – Stock markets and other risky assets …
Read More »
The International Monetary Fund warned that the continued disconnect between financial markets and the real economy could lead to a correction in asset prices. Stock markets have rebounded in recent months despite troubling real-world events. The world is grappling with the coronavirus health emergency that has claimed the lives of …
Read More »
People enjoy the beach amid the coronavirus pandemic in Huntington Beach, California on June 14, 2020. APU GOMES | AFP | fake pictures Countries are highly unlikely to impose another full blockade despite a resurgence of new cases of coronavirus in some parts of the world, analysts told CNBC. The …
Read More »
Shares in the Asia Pacific fell Thursday afternoon, after the International Monetary Fund cut its economic forecast again on Wednesday. South Korea’s Kospi led the losses among the region’s main markets as it fell 1.77%. In Japan, the Nikkei 225 fell 0.99%, while the Topix index dropped 1%. Shares in …
Read More »