The economy will begin to recover in the aftermath of the coronavirus pandemic crisis, but some will lag behind the “leaders of the post-pandemic world” – the United States and China, writes Bloomberg Economics on April 4.
The recovery of the global economy is projected to be at a record pace and will grow by a record 6.9 percent over 50 years.
However, in the case of the coronary crisis, the recovery may be one-sided due to different rates of vaccination campaigns and different financial policies of states.
The main driver of recovery will be the United States, while the economies of countries such as France, Germany, Italy, Britain and Japan will continue to shrink.
Among the developing countries ahead will be China, which was able to defeat the COVID-19 epidemic, and Brazil, India and Russia will be “clearly inferior.”
According to JPMorgan Chase chief economist Bruce Kasman, last year most central banks, including in Turkey, Brazil and Russia, cut interest rates in response to the coronary crisis, but have now tightened monetary policy, expecting inflation or capital outflows to accelerate.
Business assessments of economic growth in Ukraine have improved for the first time since the first quarter of 2020 – the index of business expectations of enterprises returned to a positive value of 108.4%. This is evidenced by the results of a survey of company executives conducted by the National Bank of Ukraine in the […]
The National Bank of Ukraine plans to sell PrivatBank. Its privatization, the NBU believes, may be of interest to the most prestigious international investors, as the Ukrainian banking sector has potential. The head of the NBU Kirill Shevchenko in an interview with GlobalCapital stated this. “Our banking sector has significant potential for international investors. We […]
Shares of large American technology companies – Microsoft, AMD, Visa, Tesla, Netflix and Facebook – have been admitted to trading on the Ukrainian stock exchange PFTS. This was reported by the press service of the exchange. According to the results of April 15, the quotations (best bid) of the mentioned shares are as follows: Microsoft […]
The state concern Ukroboronprom transferred 15 state-owned enterprises and corporate rights to two joint-stock companies to the State Property Fund. They have lost their significance for the country’s defense capabilities, according to the concern’s press service. “Ukroboronprom’s enterprises, which were included in the list for alienation, de facto lost contact with the defense-industrial complex for […]
The National Agency for the Detection, Investigation and Management of Corrupt Assets (ARMA) has identified Ukrtransnafta as the winner of a tender to manage the seized part of the Samara-Western Direction main oil pipeline. It is noted that only two participants took part in the competition, as competition in this market is limited. “The winner […]
The Deposit Guarantee Fund approved the liquidation procedure, which lasted six years. Now the financial institution is officially considered liquidated. PJSC All-Ukrainian Development Bank (VBR), which belonged to the son of fugitive ex-president Oleksandr Yanukovych, was liquidated as a legal entity. The process has been going on since 2015, according to the press service of […]
Traditionally, it is considered that the shares of pharmaceutical and biotech corporations are effectively protected from the global financial crises. The asset growth inevitably accompanies any, even insignificant, success of drug manufacturers. And the pandemic period has caused an unprecedented wave of investments in the pharmaceutical business. Due to Dmytro Shymkiv’s explanation, the head of […]
According to the results of last year, Ukrzaliznytsia received a net loss of UAH 11.9 billion against a profit of UAH 2.988 billion a year earlier. This is stated in the company’s financial report. The company states that the financial result was significantly affected by a decrease in revenues from freight and passenger traffic – […]
Residents of the United States spent a record $ 9 billion on shopping in online stores on “Black Friday” – a day of big sales, which follows Thanksgiving celebrated on the fourth Thursday in November. This was reported by the Associated Press, citing data from Adobe Analytics, which analyzes information from 80 of the 100 […]Next
On October 7, 2016, the protest action was organised by Council of lawyers of the Kyiv city and Lawyers Council of Kiev region took place in Kyiv. Though this action will take place under walls of the Verkhovna Rada of Ukraine. However, the problems to which lawyers will pay attention, don’t concern people’s deputies. It […]Next
More than the half of the American companies plan to reduce their office space because of the remote work will become a common option even after the end of the COVID-19 pandemic. This was reported by the Bloomberg, citing to the study by Cisco Systems. Agency interviewed 1,569 business leaders, employees of companies responsible for […]Next
Shares of Starbucks recovered from losses of February and March due to the pandemic and rose by 19.7% over the past 6 months. But shares fell again after the publication of the quarterly report, which ended September 30. Starbucks revenue and profit for the 4th quarter of fiscal 2020 showed a strong jump in growth […]Next
In 2021, the Ukrainian economy will grow by 4%. This is stated in the updated IMF forecast. At the same time, next year growth will slow to 3.4%. Inflation in Ukraine is expected to increase to 7.9% in 2021 after declining to 2.7% in 2020, and to 6.8% in 2022. The current account surplus of […]Next
Georgian Manganese temporarily suspends all works on the extraction and enrichment of manganese ore in the Chiatura mine (formerly JSC “Chiaturmarganets”, Georgia, Imereti). According to American Metal Market, the activities will be stopped starting from January 20, due to poor market conditions in the global markets of steel products. Stop of Enterprice , which is […]Next
January 17 of this year it became known on completion of the procedure of purchase of one of the largest in Eastern Europe IT-company SoftServe assets of Polish developer Coders Centre software, as reported online edition Inventure. The exact amount of the said financial transaction is not advertised, but experts believe that it is between […]Next
Ukrzaliznytsia suffered record losses in less than 2020 – more than 11 billion hryvnias. At the same time, this year the company plans to make a profit of 3.5 billion. According to the Marlin project, Ukrzaliznytsia’s loss in the first three quarters of last year amounted to UAH 11.36 billion. Such results in UZ were […]Next
According to Delo.ua, the European Bank for Reconstruction and Development (EBRD) represents the credit to Meest Express of 10 million dollars on post automatic machine network development. The EBRD press-service informed about it.The postal and logistic operator will have planned to increase the share on the Ukrainian market and to develop the existent network until […]Next
The “Genotropin” drug, series MO5229, is forbidden to realization, storage and using according to the information received by The State Service of Ukraine on Medicinal Products from the regulatory body field of quality control of medicines in Denmark. The State Service of Ukraine on Medicinal Products published on its website the Order ?577-2.0.1 / 2.0 / […]Next
Volvo dropped several cars from a height of 30 meters for crash tests. According to the automaker, such tests are very important for training rescue services. Volvo lifted the cars to a height of 30 meters with a crane, and then smashed them several times. Such a test allowed to simulate damage to cars at […]Next
Ukrainian large taxpayers transferred UAH 362.3 billion in tax payments to the state budget in January-November 2020. According to the press service of the Office of Large Taxpayers of the State Tax Service, this is 11% more than in the same period last year. The share of tax payments from large businesses served by the […]Next
Marriott is buying Starwood to make the largest hotel company in the world. Together, the companies will operate or franchise 5,500 hotels with a total of 1.1 million rooms. The company will span 100 countries. Marriott International (MAR) and Starwood Hotels & Resorts Worldwide (HOT) announced the $12.2 billion deal on Monday. Starwood brands include W Hotels, St. Regis, Westin and […]Next
The next week, on June 4, Smile-Expo will host large-scale AI Conference Kyiv. The event will focus on the use of artificial intelligence in business and will bring together leading industry experts. Who and why should attend the conference – further in the article. Four Reasons to Attend AI Conference Kyiv 1. Seven hours of […]Next
On Wednesday, Boeing announced the financial results of the 2nd quarter, which ended on June 30. Boeing Management noted that the company makes “tough, but necessary steps to adapt for a new realities of market.” Aviation giant is experiencing perhaps the most difficult times in its history, faced with a double crisis. On the one […]Next
According to Business Insider, SpaceX founder and Tesla CEO Elon Musk is selling four homes in Los Angeles for $62.5 million. It is already known that these houses will be sold to the LLC developer owned by businessman Ardi Tavangarian. “Arya Chalon LLC will combine the real estate portfolio into a new single project to […]Next