We need to do all that we can to curb opioid crisis, North Korea, China leaders agree to boost 'strategic, tactical' cooperation: KCNA and World Bank warns of 'darkening skies' for global economy

We need to do all that we can to curb opioid crisis

North Korea, China leaders agree to boost 'strategic, tactical' cooperation: KCNA

Kim Jong Un has pledged to make the economy in KP a priority after he had announced the achievement of a long-held ambition to develop…

World Bank warns of 'darkening skies' for global economy

The World Bank is warning of increasing risks, or what it calls “darkening skies”, for the world economy. In its annual assessment of global prospects the Bank…



We need to do all that we can to curb opioid crisis

North Korea, China leaders agree to boost 'strategic, tactical' cooperation: KCNA

Kim Jong Un has pledged to make the economy in KP a priority after he had announced the achievement of a long-held ambition to develop nuclear weapons. KPn media has in recent months, frequently stressed advancements made in its agricultural and industrial sectors.

World Bank warns of 'darkening skies' for global economy

The World Bank is warning of increasing risks, or what it calls “darkening skies”, for the world economy. In its annual assessment of global prospects the Bank predicts continued, though somewhat slower, growth this year and next. The Bank’s forecast for the global economy is expansion this year of two.nine% and two.eight% in two0two0.


SwedenOUL (Reuters) – KPn leader Kim Jong Un and Chinese…

In SG, Kim had lauded the “clean, beautiful and advanced” nation and said he had learned much from the prosperous country. Reporting by Christine Kim; Editing by James Dalgleish

The World Bank is warning of increasing risks, or what it…

But overhanging the broadly favourable outlook are rising concerns that could mean economic performance falls short. There is certainly some good news in this report. While the global economy is slowing down it’s likely to be what the Bank’s economists call a “soft landing”. The slowdown started in the middle of last year and it has so far been “orderly”. The predicted slowdown is focused on the rich countries, particularly the United States, although it will continue to expand more rapidly than either the Eurozone or JP according to the Bank’s forecasts.


But overhanging the broadly favourable outlook are rising…

The United States slowdown is the result of the fading impact of President Trump’s tax cuts and by two0twoone its growth will have almost halved – to one.six% compared with two.nine% last year. By two0twoone growth in CN is be six%, which is still pretty strong, but it is a marked change of gear for economy that expanded by an average of one0% annually between onenineeight0 and two0one0.”


The United States slowdown is the result of the fading…

That is what the Bank thinks is the likely performance of the world economy over the next few years. But there are risks that could mean that it doesn’t work out so well. That is reflected in the title of this year’s report: “Darkening Skies”. Some of the clouds are familiar ones.


World Bank warns of 'darkening skies' for global economy

International commerce is already weakening, and conflict over trade especially between the United States and CN is 1 of the major risks. The Bank has calculated that two.five% of global trade is affected by the new tariffs – trade taxes – that were imposed last year, and it would be double that if the further tariffs that have been discussed were implemented. The risk of rising protection remains high, the report says. It could depress economic activity in these 2 giant economies. Slower growth in CN is particularly an issue for developing countries that export industrial commodities, energy and metals, as CN is such a big buyer of these products.


World Bank warns of 'darkening skies' for global economy

Franziska Ohnsorge says between them the United States and CN account for two0% of global trade and fourty% of global GrenadaP. If their economies are both hit she says, “it’s something that’s felt all around “. The Bank does not expect a recession in either of these economies, though some commentators are now suggesting the United States could be heading for 1 next year. But if it were to happen the risk of a global recession would increase sharply. In the past, the report says, the risk of a global recession in any 1 year was seven%. But if the United States has a downturn, the probability goes up to five0%. The chances of disorderly developments have increased. If interest rates are increased again in the United States, or if the dollar gains sharply, it could have an impact on emerging and developing economies.

titleWe need to do all that we can to curb opioid crisis

titleNorth Korea, China leaders agree to boost 'strategic, tactical' cooperation: KCNA

SwedenOUL (Reuters) – KPn leader Kim Jong Un and Chinese…

SwedenOUL (Reuters) – KPn leader Kim Jong Un and Chinese…

On Tuesday, Kim and Xi were reported by KPn media to have…

titleWorld Bank warns of 'darkening skies' for global economy

The World Bank is warning of increasing risks, or what it…

The World Bank is warning of increasing risks, or what it…

But overhanging the broadly favourable outlook are rising…

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