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From Isaac Anumihe, Abuja In its October World Economic Outlook, World Bank projected  global economy  to grow 5.9 per cent in 2021 and 4.9 per cent in 2022, 0.1 percentage point lower for 2021 than in the July forecast. The downward review for 2021 reflects a downgrade for advanced economies—in part due to supply disruptions—and...
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In 2019, the median household income in the United States was $65,712, compared with $48,850 in his state. In other words, most American households earn too much to hit Manchin’s standard; most West Virginia households don’t. Looking only at family households, the median income in West Virginia is just over $60,000. Nationally, it’s nearly $81,000....
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BW FILE PHOTO THE PESO weakened versus the greenback on Monday due to cautious sentiment as China’s growth came in slower than expected. The local unit closed at P50.84 per dollar on Monday, weaker by 12.9 centavos from its P50.711 finish on Friday, based on data from the Bankers Association of the Philippines. The peso...
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Nearly half of economists say US economy still faces considerable downside risks over next year  The Union Leader Read more…
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For the G-7 countries, the economic damage caused by the two oil crises in the 1970s led to high inflation for consumers and negative fallouts for people’s purchasing power. This situation triggered a sharp contraction in both household consumption expenditures and the real sector’s investment expenditures. Therefore, it dragged the world’s leading economies into a...
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A global pandemic. Rising inflation. The threat posed by climate change. Global policymakers have enough to keep them occupied without a developing country debt crisis adding to their list of problems. That is a real possibility. Both the World Bank and the International Monetary Fund used their annual meetings to stress the pressure poorer countries...
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“The won-dollar exchange rate will remain at a high level of around 1,180 to 1,205 won until the BOK’s next rate that could possibly happen in November,” the analyst said, adding one key reason behind the prediction is the imminent announcement of the U.S. Fed’s tapering during the Federal Open Market Committee meeting slated to...
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The US Government is at crossroads as they bid adieu to the current fiscal year and welcome the fiscal year of 2022. It turns out that the United States of America has hit the debt ceiling, and the Congress, within it, has locked horns regarding raising the debt ceiling, which, according to the US Treasury...
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Pope Francis, in a keynote address to the popular movements, a group that includes activists working on a wide variety of justice causes, called for a universal basic income and the shortening of the working day. He also praised the protest movement that followed the murder of George Floyd. In a powerful 38-minute video talk...
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By Allison Morrow, CNN Business It’s almost 2022, but 2020 isn’t done with us yet. Despite good news about Covid-19 vaccinations, a solid economic rebound and seemingly boundless optimism on Wall Street, we’re nowhere near out of the woods. The global supply chain is a wreck. Europe and Asia are facing a potentially crippling energy...
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