World Economy

Covid Outbreaks Could Cause Global Goods Shortages

Aerial view of villagers queuing up for nucleic acid testing at Futian District in Shenzhen, Guangdong Province

An outbreak of Covid-19 in southern China has combined with the rapid reopening of the world economy and a shortage of shipping containers to cause a surge in transport costs that could fuel inflation and cause shortages of goods across the globe, reports the guardian.

Vital industrial province

China reported 21 new coronavirus cases in the mainland on Wednesday with 15 of them in the vital industrial province of Guangdong where restrictions have been in place for several weeks to contain an...

https://mfame.guru/covid-outbreaks-could-cause-global-goods-shortages/

World Economy Jeopardized, Amidst Covid-19 Outbreak

  • A freak accident in the Suez Canal backed up global shipping in March. Drought has wreaked havoc upon agricultural crops.
  • A deep freeze and mass blackout wiped out energy and petrochemicals operations across the central U.S. in February.
  • Less than two weeks ago, hackers brought down the largest fuel pipeline in the U.S., driving gasoline prices above $3 a gallon for the first time since 2014.
  • Now India’s massive Covid-19 outbreak is threatening its biggest ports.

A recent Yahoo Finance news...

https://mfame.guru/world-economy-jeopardized-amidst-covid-19-outbreak/

37 Countries To Reach Vaccination Goal, Global Economy at Stake

  • If developing nations do not receive the required doses of the vaccine, the global economy will have to bear losses of up to $9.2 trillion.
  • Developed countries would also have lost a large proportion of their middle class.
  • This is the same middle class that has been maintaining the richness of western countries with its hard work.

A recent news article published in the Mint by Shashi Shekhar says that vaccine nationalism could derail global recovery.

US and UK 

The US and the UK booked a huge...

https://mfame.guru/37-countries-to-reach-vaccination-goal-global-economy-at-stake/

Analyzing Covid 19 and its Colossal Impact on Various Sectors

  • The coronavirus pandemic has reached and devastated almost every country in the world.
  • Its spread has left national economies and businesses counting the costs.
  • The governments struggle with new lockdown measures to tackle the spread of the virus.
  • Here are the details to help you understand the economic impact of the virus so far.

A recent BBC news article reveals the details concerning the colossal impact made by coronavirus on the whole world.

Global shares in continuous movement

Big shifts in...

https://mfame.guru/analyzing-covid-19-and-its-colossal-impact-on-various-sectors/

World economy slows in 2020 but solid rebound forecast for 2021 and 2022

Pictured: planet Earth. In recovery. Graphic credit: PIRO 4D from Pixabay

The Office of the Chief Economist has indicated that, although the world economy has slowed down in 2020, world economic activity has “rebounded”. Writing in the December 2020 “Resources and Energy Quarterly”, the Office of the Chief Economist indicates that growth forecasts for the near future are strong.

World economy

The REQ notes the IMF’s forecast that world economic activity will be down by about 4.4 per cent by the...

https://shippingaustralia.com.au/world-economy-slows-in-2020-but-solid-rebound-forecast-for-2021-and-2022/

Save Livelihoods, 87% of World Up for Per Capita Income Shrinking: IMF

How do you co-ordinate economic policy across the globe, when an invisible enemy that behaves in unknown ways systematically erodes the very way economies function? asks the BBC Economics Editor Faisal Islam while reporting on the IMF’s economic forecast.

That is the tricky challenge facing the relatively new managing director of the International Monetary Fund, Kristalina Georgieva, who sat down with me to discuss this in her first British broadcast interview, writes Islam.

According to IMF the...

https://mfame.guru/save-livelihoods-87-of-world-up-for-per-capitaincome-shrinking-imf/

IMF expects global financial turnout at U.S.-led Palestinian conference

Global financial institutions will attend a U.S.-led conference on the Palestinian economy this month that the Trump administration has cast as an overture to its Middle East peace plan, the International Monetary Fund (IMF) said on Wednesday. The efficacy of the June 25-26 meeting in Bahrain has...

https://www.hellenicshippingnews.com/imf-expects-global-financial-turnout-at-u-s-led-palestinian-conference/