Global Economy: GK, Current Affairs, Questions, Trivia and News

ADB announces $6.5 billion package for member countries to tackle COVID-19

Manila-based Asian Development Bank recently announced an initial package of $6.5 billion (equivalent to ₹48,230 crore) to cater the immediate needs of its developing member countries in fighting the Covid-19 pandemic. As per the announcement of the Development bank, out of the total package, $3.6 billion will be made available to governments for addressing health ..

S&P Global Ratings lowered India’s economic growth forecast to 5.2% for 2020

S&P Global Ratings lowered India’s economic growth forecast to 5.2 per cent for the year 2020. The rating agency had earlier predicted the growth rate of 5.7% for 2020. The agency also estimated that the Asia-Pacific economic growth in 2020 will dip to less than 3 per cent. It also revealed that saying the global economy is ..

G20 Meeting of Finance Ministers and Central Bank Governors held in Riyadh

The Meeting of Finance Ministers and Central Bank Governors from G20 nations was recently organised in Riyadh from February 22-23, 2020. The delegates from across the world attended the meeting, which focussed on maintaining the growth of global economy amid the negative effect of Corona virus in China and some countries.

Economist Intelligence Unit lowers 2020 growth forecast to 2.2%

The Economist Intelligence Unit has lowered its global growth forecast for 2020 to 2.2%, from its earlier estimate of 2.3%. The dip was due to the new risks that have emerged following the virus outbreak in China, which was recently named by the WHO as COVID-19. The real GDP forecast for China in 2020 was ..

Moody predicts the status of the Global Economies

One of the world’s leading financial conglomerates, the Moody corporation’s wing, the Moody’s Investor Services has released its predictions for the economies of the world. What does the report say about India? Moody’s Investors Service has cut its growth projections for India’s GDP growth in 2019 to 6.2%. This is lower than its previous estimation ..

Looming Global Economic Slowdown leads to a recession

As per a report put out by Morgan Stanley, which is one of the world’s leading global financial firms, the world economy appears to be heading towards a recession. However, fortunately for India, as per the initial projections of the Morgan Stanley group, the economic downturn is not going to affect India. What has happened? ..

Conservative Party leader Boris Johnson set to be UK’s next Prime Minister

The Conservative Party of the UK has selected the Boris Johnson as the next leader of the Conservative Party and thus, the next Prime Minister of the UK. While Boris Johnson received the support of 92,513 members, his competitor, and current Foreign Secretary of the UK, Jeremy Hunt received the support of 46,656 members. Boris ..