Tag: Economic Recovery
Swift action helped fight the pandemic and curbed damage to global...
The cost of the COVID-19 pandemic to the global economy in lost output over the 2020-24 period compared to pre-pandemic projections is $15 trillion...
World Bank forecasts 5.6% global growth in 2021; Fastest since 1973
The Washington-based international financial institution World Bank has increased its global growth forecast for 2021 to 5.6 percent, predicting the fastest economic rebound in...
Dubai’s non-oil business growth hits late-2019 high in April: PMI
The non-oil private sector of Dubai continued to improve in April, reaching the highest level since late 2019, due to a sharp rise in...
Qatar’s economic recovery is led by business event industry: Official
The economic recovery of Qatar from the COVID-19 crisis is mainly driven by the business events industry of the country, according to an official...
Delay in vaccine distribution poses major risk to global economy: IMF...
The chief economist of the International Monetary Fund (IMF), Gita Gopinath, opined that delays in COVID-19 vaccinations pose the highest danger in dealing with...
Vaccine rollout, surge in oil price to spur Middle East recovery...
With the rise in oil prices and the rollout of COVID-19 vaccines across the world, the economic growth in the Middle East region is...
CBUAE predicts UAE economy to fully recover by 2022
The economic activity of UAE will witness a complete recovery in 2022 while turning to positive growth this year itself after posting a deep...
G7 leaders pledge continued spending to support recovery; Discusses China, digital...
Leaders of the Group of Seven (G7) industrialized nations pledged to continue government spending to help economies recover from the impact of COVID-19.
The G7...
