economy

What is driving global supply chain bottlenecks?

September 12, 2022

The FINANCIAL — Bottlenecks in the world economy have been a key reason for high inflation among traded goods. This post explores Bank staff analysis on the key drivers behind these bottlenecks. Bottlenecks in global supply chains have been an important driver of inflationary pressures across the world, increasing prices of tradable goods. These emerged as supply disruptions – for example

Global events threaten financial market stability

British Reporter — Globally-significant events have driven recent financial market volatility and contributed

by British Reporter

July 7, 2022

1 min read

How invasion may hit U.S., global economies

Russia’s invasion of Ukraine has sparked a global political crisis, with a

by British Reporter

February 24, 2022

5 mins read

80% of world economy now aiming for net zero – but not all pledges are equal

British Reporter — More than 80% of global GDP – and 77%

by British Reporter

November 1, 2021

2 mins read

Economic

What’s behind the rise in prices?

Itay Goldstein, a professor of finance and economics at the Wharton School, talks to Penn Today about inflation, higher food and gas prices, and supply and demand. You may have noticed your paycheck is struggling to keep up with rising costs. The

by British Reporter

September 24, 2021

6 mins read

Economic

New EBRD Forecast Sees Ukraine’s Economy Returning to Growth

Ukraine’s economy is set to return to growth in 2021, the European Bank for Reconstruction and Development (EBRD) says in its latest Regional Economic Prospects report, published. The Bank forecasts the country’s gross domestic product (GDP) to increase 3.5 per cent on the

by British Reporter

June 29, 2021

1 min read

Insurance

Euler Hermes: Successful extension of supply chain protection

The FINANCIAL -- The German federal government and German credit insurers are extending their joint protection shield to secure supply chains by six months until the end of June 2021

by The FINANCIAL

December 7, 2020

3 mins read

Europe

European Commission revealed Autumn 2020 Economic Forecast

The FINANCIAL — The coronavirus pandemic represents a very large shock for the global and EU economies, with very severe economic and social consequences. Economic activity in Europe suffered a severe shock in the first half of the year and rebounded strongly

by The FINANCIAL

November 5, 2020

5 mins read

WORLD

Trade and Regional Integration are crucial for economic growth in post-coronavirus MENA

The FINANCIAL — Trade and integration — within the Middle East and North Africa (MENA) region and with the rest of the world — will be critical to lowering poverty, empowering the poor, and igniting economic growth in the post-COVID era, according

by The FINANCIAL

October 19, 2020

3 mins read

Business

Latin America and Caribbean, the hardest hit region by the pandemic must contain its costs

The FINANCIAL — Latin America and Caribbean is the region hardest hit by the COVID-19 Pandemic, casting a spotlight on the need to protect the population while putting economies back on track. This will require a combination of public health measures and

by The FINANCIAL

October 12, 2020

3 mins read

Georgia

Georgian economy to be down 6% this year, before recovery

The FINANCIAL — Emerging and developing economies in the Europe and Central Asia region are on course to contract by 4.4 percent this year, the worst recession since the global financial crisis of 2008, says the latest edition of the World Bank’s Economic Update for

by The FINANCIAL

October 8, 2020

3 mins read

Business

Sub-Saharan Africa falling into its first recession in 25 years

The FINANCIAL — Driven by the economic fallout of the COVID-19 global pandemic, growth in Sub-Saharan Africa is predicted to fall to -3.3 percent in 2020, pushing the region into its first recession in 25 years, according to the latest regional economic analysis

by The FINANCIAL

October 8, 2020

2 mins read

Business

India needs to support reforms to eliminate impacts of coronavirus on its economy

The FINANCIAL — Faced with an unprecedented downturn, India needs to continue with critical reforms to reverse the sudden and steep impacts of COVID-19 on its economy, says the World Bank in its twice-a-year-regional update. Released today, the latest South Asia Economic Focus

by The FINANCIAL

October 8, 2020

2 mins read

Georgia

September 2020: Inflation rate in Georgia

The FINANCIAL — National Statistics Office of Georgia published data of Inflation rate in Georgia (September 2020) according to which the Consumer Price Index increased by 0.7 percent compared to the previous month, while the annual inflation rate amounted to 3.8 percent.

by The FINANCIAL

October 2, 2020

2 mins read