IMF WEO: CHINA TO ESCAPE PANDEMIC ECONOMIC DECLINES
WASHINGTON (MaceNews) – The following is IMF chief economist Gita Gopinath’s summary of the World Economic Outlook update published Tuesday outlining sharp declines in economic activity throughout much of the world with the notable exception of China, where the pandemic originated: The world has changed dramatically in the three months since our last update of […]
Faced With ‘Horrifying’ Oil Market Conditions, OPEC-Plus Agrees To Record Supply Reduction
VIENNA/WASHINGTON (MaceNews) – The OPEC-plus group of major oil producing countries – the oil cartel’s members as well as Russia and Mexico – hammered out a tentative deal Thursday, in a marathon negotiating session, to slash their oil output levels collectively by 10 million barrels per day. Saudi Arabia and Russia, the primary combatants in […]
Oil Analysis: Low Expectations For Agreement At OPEC-Plus Virtual Gathering
WASHINGTON (MaceNews) – Members of the Organization for Oil Exporting Countries, along with Russia, Mexico and possibly Canada as well as Norway, are set to meet virtually Thursday to hash out an agreement to halt the months-long plunge in oil prices. However, expectations are low that a deal will be reached to ease a situation […]
WHITE HOUSE WATCH COMMENTARY: BRACING FOR THE WORST YET
–‘There’ll Be A Lot of Death’ By Denny Gulino WASHINGTON (MaceNews) – The president and his experts Saturday warned the nation that next week and the week after are going to see virus death tolls that will far eclipse anything seen so far, as the increasing number of hotspots climb the steepening curve toward their […]
IMF WEO UPDATE: GLOBAL GROWTH REMAINS SUBDUED
–Trade Tensions, Brexit Trim Tenth From Global Growth to 3.2% This Year –Growth Projections for 2020 ‘Is Precarious’ –Risks ‘Mainly to the Downsides –Chides US for Using Tariffs Vs Bilateral Trade Balances WASHINGTON (MaceNews) – The International Monetary Fund’s mid-year update to its World Economic Outlook Tuesday saw only extremely modest downgrades in growth projections, […]