Economy
Inflation Expectations Tick Up With Recovery Prospects
These are the research findings of the 38th round of quarterly release for the DBS-SKBI Singapore Index of Inflation Expectations (SInDEx) Survey at the Sim Kee Boon Institute for Financial Economics (SKBI), Singapore Management University (SMU). One-year-Ahead headline inflation expectations rose to 2.2% in December 2020, from 1.9% in September 2020. This expectation for headline …
The Future Of Asia: Decoding The Value And Performance Of Corporate Asia
Despite its massive potential, corporate Asia still lags behind its counterparts in the world. Why? Asia has seen rapid growth and rise to prominence in the past decade. It is filled with market opportunities and has proven itself resilient in times of crisis. However, it remains behind other global economies in terms of economic profit. …
Coronavirus Wreaks Havoc On Economic Growth Prospects
The world is about to experience the deepest recession in decades, World Bank forecasts reveal. The shocks due to COVID-19 pandemic are expected to plunge the global economy into the worst recession since the second world war, the World Bank reveals in its Global Economic Prospects report published last week. Deep recession The World Bank’s …
The Economies Most Reliant On Trade
These countries rely the most on trade, according to the data from the World Bank. The World Bank defines trade as the sum of exports and imports of goods and services in a country. In order to measure trade, this sum is viewed as a share of the gross domestic product (GDP). Trade is a …
Impact Of COVID-19 On The Global Financial System
Amid COVID-19, global financial systems have been a source of both support and potential risks. During the on-going COVID-19 pandemic, the aid of global financial systems have been indispensable in preventing economic fallout. However, they are also turning out to be sources of massive risk. In their white paper, Impact of COVID-19 on the Global …
Which Countries Have The Greatest Economic Complexity?
These are the world’s most complex economies. But what does it mean to be ‘complex’? Here are the world’s most complex economies, according to the data from The Atlas of Economic Complexity. The Atlas of Economic Complexity is a tool developed and maintained by Harvard’s Growth Lab to facilitate the exploration of the economic structure …
4 Emerging Trends And Challenges For Renewable Energy In 2020
Economic slowdown, trade tensions, and recently, a global pandemic are some challenges that can impede the growth of the renewable energy industry. However, there are also opportunities for growth. In April 2019, renewables outpaced coal in terms of electricity generated in the United States, Energy Information Administration (EIA), reports. This is the first time such …
Chinese Economy Dips For The First Time In Decades
For the first time in decades, China’s quarterly gross domestic product (GDP) experienced a decline. China’s quarterly gross domestic product (GDP) for Q1 2020 shrank by 6.8% compared to the record in the same period last year, Reuters reported Friday, April 17. This is the first time that the economic powerhouse — the second largest …
East Asia And Pacific Region Expected To Suffer GDP Losses Due To COVID-19 Shocks
Forecasts reveal that COVID-19 will lead to economic losses in East Asia and the Pacific. The region of East Asia and the Pacific (EAP) are expected to suffer heavy losses in their gross domestic product (GDP) for the year 2020, according to the April 2020 regional report released by the World Bank Group. The COVID-19 …
Doing Our Part To Safeguard Economic Resilience
We are barely four months into 2020 but life before COVID-19 seems like it was years ago. As the epicentre of the disease shifts from Asia to Europe and the U.S., the human cost is growing. Governments around the world have been forced to adopt extreme measures such as locking down entire nations and enforcing strict limits on the movement of people. Yet the situation …