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Added on the 20/01/2017 08:16:16 - Copyright : AFP EN
China's economy will grow slower than initially expected this year owing to a stronger-than-anticipated "fiscal tightening," IMF chief economist Gita Gopinath says. SOUNDBITE
Quezon City, Mar 26 (EFE/EPA).- A World Bank report released Friday downgraded the Philippines' growth outlook for 2021 from 5.9 percent to 5.5 percent, noting that the country has a high domestic transmission of Covid-19 and is among the last countries in the ASEAN region to begin vaccination drives. (Camera: ROLEX DELA PENA)SHOT LIST: B-ROLL OF QUEZON CITY, METRO MANILA, PHILIPPINES.
Banda Aceh, Feb 22 (EFE/EPA).- The Central Bank of Indonesia has cut down the economic growth outlook for 2021 to 4.3 percent to 5.3 percent following the weak gross domestic product (GDP) from the fourth quarter last year.Indonesia previously expected the 2021 economic growth to reach between 4.8 percent to 5.8 percent. (Camera: HOTLI SIMANJUNTAK).SHOT LIST: INDONESIAN TRADERS DISPLAY THEIR GOODS AT A TRADITIONAL MARKET IN BANDA ACEH, INDONESIA.
The eurozone's pandemic-induced recession is expected to be less severe than expected in 2020 at -7.3 percent, ECB chief Christine Lagarde says, but next year's rebound will be smaller than initially forecast. SOUNDBITE of Christine Lagarde
White House negotiations with Democrats over another pandemic aid bill have come to naught so far. Congress left town on Tuesday without passing another one, as virus cases surge across the nation, and the economic recovery threatens to grind to a halt. Business Insider reports that the prospect of more coronavirus aid is uncertain during a 'lame-duck session.' Such a session takes place in an even-numbered year, between the general election and the first session of the new Congress. The next deadline Congress faces is December 11. It must approve another spending bill to prevent a government shutdown. President Donald Trump supports another stimulus package. But his position has veered from cutting off relief negotiations to pressing for more money than Democrats.
"The outlook for the economy is extraordinarily uncertain and will depend in large part on our success in keeping the virus in check," says US Federal Reserve Chairman Jerome Powell during a news conference on policy amid Covid-19 pandemic. SOUNDBITE
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