Tag: COVID-19
World Bank cuts global growth forecast to 2.9% this year
Global economy forecast to drop to 29% in 2022 from 5.7% last yearWorld Bank warns prolonged weak growth, high inflation ups stagflation...
Establishments under Alert Level 1 can operate at 100% capacity
Philippine establishments and activities under Alert Level 1 can now operate at full capacityInter-Agency Task Force for the Management of Emerging Infectious...
Omicron wave, Ukraine war hit China manufacturing, services sectors in March
China's Purchasing Managers’ Index fell to 49.5 from 50.2 in February, reflecting impact of current wave of the pandemic and the war...
UNCTAD: Ukraine war hammering global trade and development
Rising food, fuel and fertilizer prices around the world confirm war’s worsening impact, says UNCTAD UNCTAD does not rule out risk of civil...
Globalization, trade show surprising resilience to COVID-19—DHL report
Covid-19 has not caused globalization to collapse, with the DHL Global Connectedness Index declining only modestly in 2020 and on track to...
Supply chain disruption no. 1 challenge for firms this year—report
85% of supply chain executives said disruption is the 'primary strategic challenge' confronting both business and society COVID-19 isn't the top concern...
East Asia drives trade, mfg recovery—UNCTAD
Global trade recovered in the fourth quarter of 2020, reducing overall decline in 2020 to about 9% on strong trade in goods,...
ASEAN commits to seamless flow of essential goods during pandemic
ASEAN member economies have agreed not to impose restrictive trade measures on essential goods and supplies in the region during the pandemicThey...
Services trade logs record 30% decline in Q2
Global services trade plunged to a new record low since its 17% contraction in Q2 2009Declines were recorded across all regions and...
US power in Asia-Pacific waning—report
The United States remains the most powerful country in Asia but its relative power has waned in 2020 due to its handling...
