Latest News

IMF sees cost of COVID pandemic rising beyond $12.5 trillion estimate

0

Economy2 hours ago (Jan 20, 2022 16:31)

© Reuters. FILE PHOTO: The International Monetary Fund logo is seen inside its headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas

WASHINGTON (Reuters) – The International Monetary Fund expects to raise its forecast that the COVID-19 pandemic will cost the global economy $12.5 trillion through 2024, the head of the global lender said on Thursday.

IMF Managing Director Kristalina Georgieva told an event hosted by the Financial Times that supply chain disruptions, inflation and tighter monetary policy were “throwing cold water on the recovery everywhere.”

She said huge gaps in COVID-19 vaccine rates and the overall widening divergence between rich and poor caused by the pandemic, along with learning losses and increased gender impacts, would cause more protests, tensions and insecurity.

IMF sees cost of COVID pandemic rising beyond $12.5 trillion estimate

Dollar little changed as Treasury yields dip, economic data disappoints By Reuters – Jan 20, 2022

By Stephen Culp NEW YORK (Reuters) – The dollar pared earlier gains on Thursday as this week’s upward trajectory of U.S. Treasury yields took a breather. The greenback edged lower…

Wall Street rallies as bond sell-off pauses, oil gains By Reuters – Jan 20, 2022

By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) – Bond yields backed off their rapid rise this week and Wall Street rebounded on Thursday as investors in Big Tech licked…

MARKET WRAP: FTSE finishes lower, EUR/GBP hits 23-month low By Investing.com – Jan 20, 2022

Key Points FTSE 100 closing price of 7,582.61 (-0.1%) AB Foods props up FTSE after results GSK declines as Unilever says won’t up bid for Consumer Healthcare unit EUR/GBP…

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Our Apps

Follow us

Terms And Conditions
Privacy Policy
Risk Warning

© 2007-2022 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

MARKET WRAP: FTSE finishes lower, EUR/GBP hits 23-month low

Previous article

Fed Officials Say Higher Immigration Could Ease U.S. Labor Shortage

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News