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WASHINGTON (Xinhua): Global economy is on track to experience a deep recession in 2020 amid the ongoing Covid-19 pandemic, with China being the only major economy that will see growth this year, the International Monetary Fund (IMF) said on Tuesday (Oct 13).
BANGKOK, Oct 12 (The Nation/ANN) - The present Covid-19 crisis was worse than the Tom Yam Kung crisis of 1997, the Bangkok Commercial Asset Management (BAM) has said, adding that non-performing loans (NPL) was of concern for Thailand’s economic system.
THE economic performance during the recovery periods impacts significantly the labour market conditions.
WASHINGTON, Sept 29 (Xinhua): China's economy is expected to grow by 2.0 per cent in 2020, up from the 1 per cent growth projection released in June, the World Bank said on Monday.
TOKYO: The coronavirus pandemic is expected to lead to the slowest growth in more than 50 years in East Asia and the Pacific as well as China, while up to 38 million people are set to be pushed back into poverty, the World Bank said in an economic update on Monday.
TiIANJIN (China), Sept 20 (AFP) - At the "Genghis Security Academy", which bills itself as China's only dedicated bodyguard school, students learn that the threats to the country's newly-rich in the tech age are more likely to emerge from a hacker than a gunman.
HONG KONG (AFP): Asian markets mostly dropped Thursday (Sept 17) following a broadly negative lead from Wall Street after the head of the Federal Reserve warned of an "uncertain" outlook for the US economy and stressed the need for fresh stimulus.
NEWYORK: The S&P 500 ended lower on Wednesday, reversing gains late in the day as losses in technology shares outweighed a Federal Reserve statement that stoked optimism it would keep U.S. interest rates near zero for a prolonged period
HONG KONG (AFP): Asian stocks edged up Wednesday (Sept 16) but investors trod a cautious path following a broadly positive start to the week, with focus on the outcome of the Federal Reserve's latest policy meeting.