The IMF named the condition for the completion of the corona crisis

News

The IMF named the condition for the completion of the corona crisis

10.09.2020 News

The world economy is on the road to recovery amid the pandemic COVID-19, however, the final completion of the corona crisis is possible only in the case of mass use of the vaccine. This was stated by IMF chief Kristalina Georgieva and Chief Economist of Fund Gita Gopinath in their joint paper of the magazine Foreign Policy, published on Wednesday, September 9.

“Although the world has learned to live with the virus, complete recovery is unlikely without a final medical solution to this problem”, – stated in the article.

At the same time, Georgieva and Gopinath highlighted that the current crisis is far from completion.

“Recovery remains extremely volatile and uneven in the regions. <...> To ensure long-term recovery, it is important not to stop providing prematurely support,” they added.

The Foundation also predicted that many businesses around the world would need financial assistance to save jobs.

Other articles

  • Exxon Mobil announces record depreciation of its gas assets by $ 20 billion
    News

    Exxon Mobil announces record depreciation of its gas assets by $ 20 billion

    The American oil and gas giant Exxon Mobil had one of the worst years in its history. Exxon shares have fallen by 45.36% since the beginning of 2020. The company has lost money for three quarters in a row, and in August they were excluded from the benchmark index of “blue chips” Dow Jones Industrial […]

  • S&P forecasts global debt growth of up to $ 200 trillion
    News

    S&P forecasts global debt growth of up to $ 200 trillion

    World debt will reach $ 200 trillion, which is 265% of world product, but the debt crisis is not yet expected. This was reported by Reuters, citing the forecast of analysts of the international rating agency S&P Global. It is claimed that this year the debt-to-world debt ratio has risen by 14% as a result […]

  • Deutsche Bank explained the abnormal demand for bitcoin
    News

    Deutsche Bank explained the abnormal demand for bitcoin

    Abnormal growth in the value of bitcoin and sharp demand for it is due to the desire of investors to protect their savings from inflation, according to analysts at investment bank Deutsche Bank. Printing machines in the US and the EU will very quickly fill the economy with cheap money, with growing problems in the […]

  • General Motors reports profit growth of 74%
    News

    General Motors reports profit growth of 74%

    Shares of General Motors, down by 3.7% since the beginning of the year, rose by 3.9% in trading after the company announced the results of the 3rd quarter, which ended on September 30. General Motors reported earnings per share increase of 65% to $ 2.83, which was higher than analysts expected $ 1.38. The amount […]

  • Ukraine may not receive $ 2.2 billion this year due to the decision of the Constitutional Court
    News

    Ukraine may not receive $ 2.2 billion this year due to the decision of the Constitutional Court

    The decision of the Constitutional Court violates Ukraine’s obligations to Western creditors. This was reported by the Ministry of Finance with reference to the statement of the head of the department Serhiy Marchenko. He addressed to the assessments of the World Bank management regarding the decision of the Constitutional Court on the officials’ e-declarations. “They […]

  • The net loss of the world’s largest cinema network increased 16.5 times in the third quarter
    News

    The net loss of the world’s largest cinema network increased 16.5 times in the third quarter

    AMC Entertainment Holdings, which owns the world’s largest network of cinemas, presented its financial report for the third quarter of 2020. His company ended with a net loss of $ 906.5 million – 16.5 times worse than last year. In the third quarter, the company’s cinemas began to reopen after a five-month of lockdown due […]

  • The third quarter of Alphabet showed growth in search advertising revenue and strong growth in YouTube
    News

    The third quarter of Alphabet showed growth in search advertising revenue and strong growth in YouTube

    Shares of Alphabet, which rose 18.2% over the past 6 months, rose 9% after closing trading on Thursday when the global advertising giant announced significant improvements in the reporting quarter. Google’s parent financial report far exceeded analysts’ expectations and showed a resumption of advertising revenue growth after reporting a drop in revenue for the first […]

  • Chevron made a net loss of $ 4.9 billion in nine months
    News

    Chevron made a net loss of $ 4.9 billion in nine months

    The net loss of the second largest American oil and gas company Chevron, which accounts for the parent company, in the first nine months of 2020 amounted to 4.878 billion dollars against a profit of 9.534 billion dollars a year earlier, the company said. The diluted loss per share was $ 2.63 against earnings of […]

Read also

The IMF named the condition for the completion of the corona crisis
News

Austrian investment banker buys 65,7% of Investbank shares

Uwe Christian Eschner, the Austrian investment banker intends to take 65,749% of Investbank shares (Odessa). The National commission on securities and the stock market (NCSSM) financial institution in the system of the information disclosure provided information about it. Particularly, Eschner intends to take 45 550 625 bank shares with the nominal value of 58,3 million […]

Next
The IMF named the condition for the completion of the corona crisis
News

L’Oreal has created a virtual make-up for video conferences

The French company has developed an augmented reality application for digital makeup. The Signature Faces application allows you to apply filters to your face in real time. “We believe that everyone is beautiful by themselves, but in a world where the camera is always on, it’s normal to want to “play” with filters. We want […]

Next
The IMF named the condition for the completion of the corona crisis
News

Trump plans to ban Alibaba in the United States

President of the United States Donald Trump is studying the issue of prohibition of Chinese company Alibaba in the US. “Well, yes. We study and other things” – quotes his words the portal. In such way Trump answered for the question of whether the government does not intend to ban the work of other major […]

Next
The IMF named the condition for the completion of the corona crisis
News

The UN has improved its GDP forecast this year

The United Nations has raised its GDP growth forecast to 5.4% (from 4.7% in January) in 2021. This is stated in the report of the organization. According to the UN, after a sharp decline of 3.6% in 2020, the world economy is expected to grow by 5.4% this year. It is noted that global growth […]

Next
The IMF named the condition for the completion of the corona crisis
News

Prosecutor’s office has exacted 20 million UAH from the company Ukrspyrt

Workers of Gorodetsk local prosecutor’s office (Ukraine, Lviv region) have exacted 20 million UAH from the Ukrainian State Enterprise Ukrspyrt. This was reported to Ukrainian media by representatives of  the press service of control authority. According to provided information, the manufacturer of alcoholic beverages was fined in connection with the unauthorized extraction of water for […]

Next
The IMF named the condition for the completion of the corona crisis
News

Digital tools from METRO to grow your business!

There are more and more services every day that you can use with your own gadget from home. For business in the field of HoReCa, interaction with customers in the digital world is crucial. After all, guests are accustomed to convenient one-click booking, reminders about their reservations and more. Today, business owners are actively developing […]

Next
The IMF named the condition for the completion of the corona crisis
News

Singapore Economy is Collapsed Due to Lockdown

Singapore’s gross domestic product in the second quarter of 2020 fell by 41.2% compared to the previous quarter. This is evidenced by preliminary national statistics published on Tuesday, July 14. The volume of industrial production decreased by 23.1%, while construction fell by 95.6%, and the decline in services amounted to 37.7%. The results were a […]

Next
The IMF named the condition for the completion of the corona crisis
News

Family courts must open up to avoid ‘outrageous injustices’, warns Ukip

MP Douglas Carswell launches Ukip policy calling for greater sensitivity in legal process to avoid breakup of families and forced adoptions Secrecy within the UK’s system of family courts is allowing social workers to “ride roughshod” over ordinary people and resulting in the unnecessary breakup of families and forced adoptions, the Ukip MP Douglas Carswell has warned. […]

Next
The IMF named the condition for the completion of the corona crisis
News

Metinvest has reduced its debts by half

In the first half of 2021, Metinvest earned $ 2.769 billion compared to a loss of $ 240 million a year earlier, according to the company’s press service. According to the financial report, as of June 30, the Group’s net debt decreased by 52% since the beginning of the year – to $ 1.016 billion, […]

Next
The IMF named the condition for the completion of the corona crisis
News

The biggest publishing company Gannett conducts a large-scale reorganization of its brands

Big changes are planned in the US Gannett company which decided to coordinate the work of their local and national brands in a new group called USA TODAY NETWORK. On Thursday, December 3, 2015 American media company Gannett  announced the merger of its brands in the USA TODAY NETWORK group to improve the quality of […]

Next
The IMF named the condition for the completion of the corona crisis
News

Daimler will pay $ 1.5 billion under a settlement agreement in the United States

German automaker Daimler AG and its US subsidiary Mercedes-Benz have agreed to pay $ 1.5 billion to the US government and California regulators as part of a friendly settlement of a dispute over the manipulation of data on the content of a harmful substances in the exhaust gases of the company’s diesel engines. This stated […]

Next
The IMF named the condition for the completion of the corona crisis
News

Zoom received an annual income for three months

Shares of Zoom Video Communications, the developer of the cloud platform for video conferencing – soared by 25.5% after the close of the main trading session on August 31, to $ 408. Investors’ attention was drawn to the reports of companies for the second quarter of the current financial year (ended July 31). In three […]

Next
The IMF named the condition for the completion of the corona crisis
News

Ukrainian Energy Week will be held on November 19-21 in Kyiv

From November 19 to 21, 2018, the key event of the year in the Ukrainian energy sector, the Ukrainian Energy Week ’18, will take place in the NSC “Olimpiyskiy”. Here will meet the most influential representatives of national and foreign companies, which will turn the location into a central place for B2B and B2C communications […]

Next
The IMF named the condition for the completion of the corona crisis
News

Intellias Becomes the Employer of Choice for IT Professionals According to EY Best Employer Survey – 2020

Intellias has been recognized among the best IT service companies according to the annual Best Employer Survey by EY Ukraine. During this survey, the industry’s professionals and students ranked the best IT employers and specified employer attractiveness criteria. Among other Top 10 IT employers the professionals also mentioned Ciklum, EPAM, Genesis, GlobalLogic, Google, Grammarly, MacPaw, […]

Next
The IMF named the condition for the completion of the corona crisis
News

Mriya will obtain a credit of $ 50 million

Mriya Agro Holding has received a proposal for the financing of working capital in the amount of $ 50 million to finish the season in 2016, reports the press-service of the company. According to the report, the Mriya company has received an offer from a consortium of current  bondholders  and from the  international investors about […]

Next
The IMF named the condition for the completion of the corona crisis
News

Apple lost a day capitalization of $ 180 billion

During trading on Thursday, Apple’s market of the capitalization fell by 8%, which means a loss of almost $ 180 billion. This is a record daily cost reduction for any company in the history of the American market. However, Apple’s capitalization still significantly exceeds of $ 2 trillion. Excluding 2020, the previous anti-record was set […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com