Browsing: Economy

Economy
World Economy Will Grow Rapidly In 2021
World economy forecast. Dr. Bill Conerly base on data from FocusEconomics The global economy will accelerate in 2021, though with significant variation around the world. The world will benefit from vaccinations, both directly in fewer illnesses and indirectly as lockdowns and fears subside. It will take most of 20...
Economy
No winners but fewer losers in global economy from COVID than expected |
According to trade and development body UNCTAD, the global economy posted its sharpest annual drop in output since records began to be aggregated in the 1940s, “with no region spared”. “Multilateralism has essentially lost its mojo”, said Richard Kozul-Wright, head of the Division on Globalization and Development Strategies at UNCTAD, in a year th...
Economy
So … Is Bitcoin Going to Replace the Dollar?
Bitcoin has been on a roll lately, rising in price five-fold over the past 12 months. Meanwhile, the US dollar, the world’s reserve currency, has lost 9% of its value.All this has buoyed talk that someday Bitcoin in particular, or cryptocurrency in general, will replace the buck. Well, forget about that, argues St. ...
Economy
Follow-Up: The Dollar Is Headed Higher, But for How Long?
Over the past couple of weeks, the dollar has rallied somewhat. But that hasn’t muted the many doubts that the buck has further to fall. A new study from DoubleLine shows how.The greenback’s winning streak continued Thursday, with the US Dollar Index nudging up 0.39%. It ended the day higher than most of its peers. ...
Economy
Policy Support and Vaccines Expected to Lift Activity
Policy Support and Vaccines Expected to Lift Activity Read full report PDF Download the Data Although recent vaccine approvals have raised hopes of a turnaround in the pandemic later this year, renewed waves and new variants of the virus pose concerns for the outlook. Amid exceptional uncertainty, the global ec...
Economy
UBS: Where to Invest as the Dollar Keeps Weakening in 2021
The US dollar, which slid 7.5% last year against a basket of other currencies, is going to keep on tumbling, according to UBS Financial Services. But for investors, the bank finds, that spells opportunity.“Expect broad-based dollar weakness in 2021,” even after 2020’s descent, reads a report from Solita Marcelli, CI...