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PM Modi Warns Supply Chain Disruptions Will Hurt Global Economy

PM Narendra Modi warned in a Commerce Ministry's webinar that the disruptions of supply chains will significantly impact the global economy.

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Increasing catastrophes fuel fresh demand for reinsurance

Increasing catastrophes fuel fresh demand for reinsurance
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Oil rally has more room to run, Brent expected to hit $80 per barrel

Brent futures were trading at $72.21 a barrel on Friday, while U.S. West Texas Intermediate (WTI) crude was around $70 a barrel. "Rising vaccination rates are leading to higher mobility in the U.S. and Europe, with global demand estimated up 1.5 mb/d (million barrels per day) in the last month to 96.5 mb/d," the bank said in a note released late on Thursday. Goldman, which has longstanding commodity sector expertise, expects recovery in oil demand to continue and sees global demand reaching 99 mb/d in August.

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Most economies won t return to pre-Covid activity levels by 2022: Moody s

Moody s Investors Service on Thursday said the credit downturn arising out of COVID-19 will be short-lived but most economies will not return to pre-pandemic activity levels until 2022. In the year since the World Health Organisation (WHO) declared COVID-19 a pandemic on March 11, 2020, the virus has disrupted the global economy and triggered a credit downturn accompanied by a spike in bond defaults. The credit challenges arising from COVID-19 have been substantial, but the credit downturn likely will be relatively short-lived. Risks remain more significant for the sectors most vulnerable to restrictions on their normal activities, Moody s said in a global report in coronavirus.

Moody investors service onWorld health organisationInvestors serviceGlobal economic activityGlobal economyCovid 19 pandemicCoronavirus pandemicWorld economyமனநிலை முதலீட்டாளர்கள் சேவை ஆன்உலகம் ஆரோக்கியம் ஆர்கநைஸேஶந்முதலீட்டாளர்கள் சேவைஉலகளாவிய பொருளாதார நடவடிக்கைஉலகளாவிய பொருளாதாரம்உலகம் பொருளாதாரம்

Moody s: Global economies to remain uneven this year due to Covid-19 impact | Money

Wednesday, 24 Feb 2021 01:43 PM MYT Moody’s says global economic activity is likely to remain unbalanced this year due to the Covid-19 pandemic and its various impact which casted a shadow over health systems and economies. Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, Feb 24 ― Global economic activity is likely to remain unbalanced this year due to the Covid-19 pandemic and its various impact which casted a shadow over health systems and economies, said Moody s Investors Service (Moody’s). In its Global Macro Outlook 2021-2022 (February 2021 Update), it expected real gross domestic product (GDP) in all G-20 countries to grow compared with last year, but noted that some countries would take longer than others to return to full capacity.

Kuala lumpurUnited statesMoody investors serviceInvestors serviceGlobal macro outlookMoody 039 sGlobal economiesCovid 19Global economic activityகுவாலா லம்பூர்ஒன்றுபட்டது மாநிலங்களில்மனநிலை முதலீட்டாளர்கள் சேவைமுதலீட்டாளர்கள் சேவைஉலகளாவிய மேக்ரோ ஔட்‌லுக்உலகளாவிய பொருளாதாரங்கள்உலகளாவிய பொருளாதார நடவடிக்கை