Great Depression News

World Bank President David Malpass termed the Covid-19 pandemic a 'catastrophic event' for many developing countriesHe told that given the extent of the economic contraction, there was a rising risk of disruptive debt crises in countries

IMF forecasts world gross domestic product to shrink 4.4% this year, compared with the 5.2% drop seen in June, according to the latest World Economic Outlook

The high-growth technology and healthcare sectors continued to lead the retreat, dropping 1.5% and 1.7%, respectively

Asset valuations relatively high in some markets, market participants complacent about the risk of a sharp tightening of financial conditions: IMF

It would be hard to deny that globalization, in the form of both unfettered capital flows and of relatively free trade, has contributed to the changing income distribution in the US and other advanced economies

The global economy appears structured to lurch from crisis to crisis, with bubbles in between

To mark the 10th anniversary of the 2008 financial crisis, we pick 20 books that look at it through the lens of history, economics, politics and society

The Oxford English Dictionary defines 'evil' as 'doing or intending to do harm'. Ultimately, there is no other plausible explanation for what has happened in Venezuela

Measures taken to prevent another financial crisis may just be adding new risks that will become clear in a real downturn

Brinly-Hardy, which makes residential and commercial lawn and turf equipment for Home Depot Inc. and other stores, saw its raw material costs jump by as much as 37% because of Trump's metal tariffs imposed in March