Brexit to cost UK billions of dollar: BOE governor
Bank of England Governor Andrew Bailey said that Brexit could cost the UK economy the equivalent of $109 bn...
Category : Economy
World Bank approves $100 mn for Mozambique
Last October, it granted an initial $100 million in response to the nation’s efforts in fighting against the pandemic...
Global economy to expand by 4% in 2021: World Bank
It also warned that rising Covid-19 cases and delays in vaccine distribution could limit the recovery to just 1.6%...
UAE’s GDP is estimated to shrink by 6% in 2020
However, the economy is expected to grow 2.5 percent in 2021...
Saudi Arabia announces $263.91 bn budget for 2021
The Kingdom will spend 7% less than estimated spending for this year...
IMF is assisting countries mired in debt crisis
The programme that freezes payments on IMF debt from poor countries is expected to be extended through 2021...
Chile expects to come close to 6% GDP contraction: OECD
In October, the Chilean economic activity dropped 1.2 percent from a year earlier...
UK’s economic recovery to be among world’s slowest: OECD
By the end of 2021, Britain’s economy would still be 6.4% smaller than it was in Q42019...
South African economic activity shows optimism in Q4
BCI has shown a 40 points increase in the fourth quarter compared to 24 points in the previous quarter of the year...