Tag Archives: Global Economy

The United States Treasury Secretary, Janet Yellen, said on Tuesday that a strong economic recovery in the U.S. would help overall global growth, Reuters reported. More work is needed to deal with the vulnerabilities that the pandemic has shown, especially in the non-banking financial sector, as well as the global …

The United States Treasury Secretary Janet Yellen has called upon G20 countries to coordinate tax policies. Yellen said on Monday that she is collaborating with G20 countries to reach an agreement on the minimum rate of corporate taxes globally, after a three-decade race to the bottom on corporate tax rates …

The U.S. Dollar (USD) share of global currency reserves declined to its lowest level since 1995 during the fourth quarter (Q4) of 2020, according to data by the International Monetary Fund (IMF) released on Wednesday. However, the USD continued to account for more than half of currency reserves, reaching a …

The International Monetary Fund (IMF) is now more optimistic about the recovery of the global economy, as shown by the latest World Economic Outlook released on Tuesday. The IMF sees the global economy growing by 5.5% in 2021, compared with its expectations in October of 5.2% growth. As for 2022, …

S&P Global expects global debt to reach $200 trillion, amounting to 265% of the world’s GDP, by the end of 2020, Reuters reported. The 14% increase in the global debt-to-GDP ratio comes amid increased borrowing to face the economic consequences of the Coronavirus crisis. The ratings agency does not see …

Standard & Poor’s (S&P Global) is expecting banks around the world to see loan losses of $1.3 trillion in 2020 and a total of $2.1 trillion until the end of 2021, Reuters reported. More than half of the loan losses will be in the Asia Pacific region, however, North America …