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View all search resultsWorldwide economic output will slow in the months ahead as US President Donald Trump's steep tariffs on virtually all trading partners begin to bite, the International Monetary Fund said on Tuesday, as global finance chiefs swarmed Washington seeking deals with Trump's team to lower the levies.
The global economy is set for modest growth over the next two years amid cooling activity in the US, a bottoming-out in Europe and stronger consumption and exports for China, but risks to the path abound, the International Monetary Fund said on Tuesday.
In case of a global recession and a more severe “liquidity squeeze,” Moody’s Investors Service anticipates risks to more than a quarter of the firms it rates in the Asia-Pacific region – and a third in Indonesia.
The World Bank has cut its forecasts for economic growth in the United States, the euro area and China and warned that high debt levels, rising income inequality and new coronavirus variants threatened the recovery in developing economies.
The International Monetary Fund on Tuesday maintained its 6 percent global growth forecast for 2021, upgrading its outlook for the United States and other wealthy economies but cutting estimates for developing countries struggling with surging COVID-19 infections, including Indonesia.
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