Page 23 - Global Economic Recovery News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Globale Konjunkturerholung stützt Maschinenbau-Exporte
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Oil notches second weekly gain despite India virus surge
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Copper climbed to the highest in almost a decade as the global recovery from the pandemic extended a rally in metals markets.
Aluminum is surging and iron ore jumped to a fresh high as commodities advance toward the highs of the last supercycle. Metals are benefiting as the world’s largest economies announce stimulus programs and climate pledges as they rebuild from the coronavirus shock.
The US recovery is accelerating and President Joe Biden’s $2.25 trillion infrastructure plan will highlight sectors like electric cars, driving further gains in commodities critical to the green-energy transition. That’s coming alongside a continued economic boom in China, where a push to reduce emissions is filtering through to supply cuts for some metals just as demand is picking up.
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Pic: Shutterstock The world economy is facing sharply divergent growth prospects across various regions, as prospects of a uniform swift snapback from a dismal 2020 have become clouded, says a latest report. Vaccination euphoria and attendant hopes of a rapid, broad-based recovery have been tempered by a fresh COVID-19 wave sweeping through a number of economies, putting their growth trajectories at risk.
The latest update of the Brookings-Financial Times Tracking Indexes for the Global Economic Recovery (TIGER) reveals grounds for optimism about global growth prospects but also renewed concerns about impediments to a strong recovery. The report a set of composite indexes has been constructed by Eswar Prasad of Brookings and Aryan Khanna and Darren Chang of Cornell, in collaboration with the Financial Times.
Gold Price: With Corona the Price of Gold Started Increasing Again, Silver also Rose, Know How Much the Price has Increased in just 10 Days
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