Monday, June 24

Tag: World Economy

Can alternative markets help boost the economy during the Pandemic?
Story

Can alternative markets help boost the economy during the Pandemic?

The COVID-19 pandemic has significantly affected the world’s economy, particularly, India. It has been largely responsible for the disruption of India's economy which is one of the fastest-growing globally. The economy generally began to decline as people were forced to stay at home amidst the lock-down period. Many businesses and companies had to stop operating which caused a drop in revenue. However, new and alternative markets have begun to emerge and are capable of significantly boosting the economy during this crisis. Here are some you may like to know. iGaming iGaming is becoming a trend among gamers and has taken a large proportion of the gaming industry in recent times. The introduction of VR and AR into the iGaming world has even made online gaming realistic, immersive,...
IMF Warns Coronavirus Recession Could Be Worse Than 2009
BUSINESS

IMF Warns Coronavirus Recession Could Be Worse Than 2009

The world economy is facing "severe" economic damage from the coronavirus pandemic that could be even more costly than in 2009 and will require an unprecedented response, IMF chief Kristalina Georgieva said Monday. In comments to finance ministers from the Group of 20 nations, Georgieva called on advanced economies to provide more support to low income countries, and the IMF stands "ready to deploy all our $1 trillion lending capacity." As much of the world faces mass shutdowns, Georgieva warned the outlook for global growth in 2020 "is negative a recession at least as bad as during the global financial crisis or worse. Starting fom China, the pandemic has continued to spread globally, with the total number of infected cases reaching 358,735 and 15,433 deaths. Several...