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IMF Warns of a Weaker Economic Recovery in Southeast Asia as Covid Restrictions Linger
The IMF expects the five largest developing economies in Southeast Asia to collectively grow by 4.9% in 2021, down from its previous projection of 5.2%.
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Singapore's Economy Unexpectedly Grows in the First Quarter of 2021
Analysts polled by Reuters had expected the Singapore economy to shrink 0.2% in the first quarter from a year ago.
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China's Exports Missed Forecast in March, While Imports Rose More Than Expected
China’s trade surplus shrank to $13.8 billion in March, much narrower than the $52.05 billion forecast by analysts in a Reuters poll.
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Watch Fed Chair Jerome Powell Debate the Global Economy With the IMF Live
Federal Reserve Chairman Jerome Powell is participating in a virtual debate on the global economy presented by the International Monetary Fund.
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Covid Vaccine Maker CureVac Hopes Shot Will Get EU Approval in June
The U.K. and EU have pre-ordered up to 455 million doses of CureVac’s mRNA vaccine, subject to regulatory approval.
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IMF's Top Economist Says Covid Vaccines Are the ‘Main Weapon' to Achieve a Faster Economic Recovery
Experts have highlighted why it’s in everybody’s interests to make sure adequately supplied inoculation programs are rolled out across the globe.
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1 in 3 COVID Survivors Suffers Neurological Or Mental Disorders, Study Finds
One in 3 COVID survivors has suffered a neurological or psychiatric disorder within six months of infection with the virus, an observational study of more than 230,000 patient health records has estimated.
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Qatar Airways CEO Says Covid Vaccines Likely to Be Required for Travel: ‘This Will Be the Trend'
When asked whether coronavirus vaccinations will be necessary in order to fly, the CEO said: “I think this will be the trend initially.”
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IMF Increases Global Growth Forecast, Says Crisis End Is ‘Increasingly Visible'
The International Monetary Fund’s projections suggest the U.S. will experience a solid economic recovery in 2021, in contrast to many other countries.
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For the Second Time, China Has ‘Fared Well' in a Major Crisis: IMF
“China is really an impressive example of an outlier in the positive sense,” the IMF’s Tobias Adrian told CNBC Tuesday.
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South Asia Faces a ‘Wake Up' Call as It Trails the World in Closing the Gender Gap
South Asia faces “wake up moment” as it trails the world in its efforts to address gender equality.
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China's ‘Laissez-Faire' Approach Toward Myanmar's Coup Puts Its Own Interests at Risk, Says Analyst
Compared with the strong condemnations and sanctions by the west, China’s response to the Feb. 1 Myanmar coup has been far more cautious.
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Global Leaders Call for a Pandemic Treaty — But U.S. and China Remain Silent
Global leaders have jointly called for a pandemic treaty, although the U.S. and China are missing from the list.
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The Impact of the Suez Canal Blockage Will Be Felt for Months to Come, Says Maritime Expert
Captain Andrew Kinsey warns about the fallout from the nearly week-long Suez Canal blockage.
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Oil Nations Tipped for Political Instability If the World Moves Away From Fossil Fuels
Algeria, Chad, Iraq and Nigeria will be among the first countries to experience political instability if the “energy transition” occurs, says Verisk Maplecroft.
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Photos Show Container Ship Stuck in Suez Canal
The Ever Given, a more than 200,000 ton container ship, is stuck in the Suez Canal.
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BofA Says Covid Crisis Will Delay India Overtaking Japan as Third-Largest Economy by 3 Years
A BofA Securities report said India should touch Japan’s nominal GDP in dollar terms in 2031 if it grows at 9% annually.
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Covid Pandemic Pushes 75 Million More People Into Poverty in India, Study Shows
That number for India accounts for nearly 60% of the global increase in poverty in 2020, an analysis by Pew Research Center showed.
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‘Coup Must Fail': Myanmar's U.N. Envoy Pleads for Tougher Sanctions Against the Military
“Targeted sanctions are useful … that is why we keep asking the international community to impose targeted sanctions on military regime,” said Kyaw Moe Tun.
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Hong Kong Lawmaker Defends Electoral Overhaul, Claims Legislature Lacks ‘Rational Debate'
Michael Tien, a pro-Beijing lawmaker in Hong Kong, said he supports the planned overhaul to the semi-autonomous region’s electoral system.