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ISRAEL AT WAR - DAY 531

global economy

International Monetary Fund (IMF) Managing Director Kristalina Georgieva (R) speaks during the World Governments Summit in Dubai on February 12, 2024. (Photo by RYAN LIM / AFP)
February 12, 2024, 5:12 pm
IMF, World Bank ring economic warning bells over Gaza war, Red Sea attacks
International Monetary Fund’s managing director tells World Governments Summit that Middle Eastern, North African economies have already been affected
By AFP and ToI Staff
Managing Director of the International Monetary Fund Kristalina Georgieva attends the annual meetings of the IMF and World Bank Group in Marrakesh on Thursday, October 12, 2023. (Fadel Senna/AFP)
October 12, 2023, 7:02 pm
Israel-Gaza war could add to global economic woes, IMF head warns
Kristalina Georgieva says ongoing war is ‘darkening the horizon’ for an already weakened global economy as energy watchdog keeps an eye on feared oil supply disruptions
By AFP
FILE - The ship Navi-Star sits full of grain since Russia's invasion of Ukraine began five months ago as it waits to sail from the Odesa Sea Port, in Odesa, Ukraine, July 29, 2022. (AP Photo/David Goldman, File)
October 31, 2022, 6:37 pm
Russia’s suspension of grain deal likely to drive up costs, hurting poorer countries
Analysts say unlikely ships will risk sailing to Ukraine without Russian protection, putting further pressure on tight global markets
By Cara Anna and COURTNEY BONNELL
International Monetary Fund (IMF) Chief Economist Pierre Olivier Gourinchas speaks during an interview with AFP at the IMF headquarters in Washington, DC, on July 26, 2022. (OLIVIER DOULIERY/AFP)
July 27, 2022, 5:03 am
IMF cuts global growth outlook, warns of ‘gloomy, more uncertain’ times
Surging inflation, severe slowdowns in US, China prompt downgrade to outlook for global economy
By Heather Scott
Cargo ship Oakland crosses the Bosphorus strait towards the Marmara sea after departing from Russia's Novorossiysk port, in Istanbul, Tuesday, March 1, 2022. Turkey, which is trying to balance its support for Ukraine with its fragile economic ties to Russia, said Monday it is implementing an international convention that allows the country to shut down the straits at the entrance of the Black Sea to warships, to avoid an escalation of the conflict. (AP/Francisco Seco)
March 3, 2022, 11:27 am
Russia’s war on Ukraine triggers ‘earthquake’ in global shipping, trade industry
Unprecedented international sanctions on Moscow exacting huge toll, says head of Israeli marine intelligence firm
By Ricky Ben-David
Illustrative photograph of drilling oil on land. (bashta, iStock at Getty Images)
March 2, 2022, 8:39 am
Oil surges to $110, equities sink as investors fret over Russian invasion of Ukraine
Wide-ranging sanctions against Moscow fuel uncertainty in global markets, with prices of crucial commodities such as metals and grains soaring
By AFP
A man watches a screen showing a news item featuring Russian President Vladimir Putin on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, on Thursday, February 24, 2022. (AP Photo/Rafiq Maqbool)
February 24, 2022, 3:28 pm
Russia’s invasion of Ukraine threatens to cause havoc for global economy
Stocks worldwide tumble after news of Russian invasion of Ukraine; attack could slow Europe’s economic recovery by sending already elevated energy prices ever higher
By PAUL WISEMAN and David McHugh
Nearly empty shelves of produce at a supermarket in Washington, Tuesday, Jan. 4, 2022. (AP Photo/Andrew Harnik)
January 7, 2022, 7:24 pm
Mild or severe: How Omicron is impacting the global economy
The surging variant has slowed the economic recovery from COVID, but some are optimistic that its impact will be short-lived
By Daniel Hoffman and Ali BEKHTAOUI
Vaccinations in Logrono, northern Spain, March 19, 2021. (AP Photo/Alvaro Barrientos)
April 6, 2021, 5:17 pm
IMF raises Israel, global growth forecast as vaccinations pave way out of crisis
In report, financial institution warns of ‘daunting challenges’ still ahead, since vaccinations are not being administered at the same pace around the globe
By Shoshanna Solomon
Ever Given, a Panama-flagged cargo ship that is wedged across the Suez Canal and blocking traffic in the vital waterway is seen March 29, 2021 (AP Photo/Mohamed Elshahed)
March 29, 2021, 11:55 am
Oil prices drop with partial refloating of megaship blocking Suez Canal
Both main oil contracts tumble more than 1% after salvage teams free cargo vessel; Asian markets follow Wall Street record as part of strong global rebound
By AFP
A medical staff member receives a COVID-19 vaccine, at the Hadassah Medical Center, on December 20, 2020 in Jerusalem. (Yonatan Sindel/Flash90)
December 21, 2020, 4:22 pm
COVID-19’s long-term effects: Work from home and slower globalization – report
Rather than radically change the world as we know it, COVID-19 has ‘accelerated existing trends,’ Credit Suisse says in report on implications of the coronavirus pandemic
By Shoshanna Solomon
A large electronic billboard displays a message urging people to wear a face mask as a precuation against the transmission of the novel coronavirus, in Manchester, northwest England, on July 31, 2020 (Oli SCARFF / AFP)
August 1, 2020, 4:39 am
Virus wreaks economic havoc as global cases top 17 million
Resurgent cases are forcing many countries into difficult new trade-offs between health and financial stability
By AFP
A woman walks into a closing Gordmans store, May 28, 2020, in St. Charles, Missouri. (AP Photo/Jeff Roberson)
June 8, 2020, 9:31 pm
Pandemic driving broadest economic collapse in 150 years, World Bank says
Senior official at financial institution warns economic fallout from COVID-19 could drive tens of millions into extreme poverty, lead to ‘wave of defaults’
By Heather Scott
Pedestrians are reflected in a quotation board of the Tokyo Stock Exchange in Tokyo on April 8, 2020. (Kazuhiro NOGI / AFP)
April 9, 2020, 7:30 pm
World faces potential new ‘Great Depression’ as virus toll mounts
Global bodies warn of catastrophic economic fallout from pandemic, with Italy’s leader suggesting future of EU is at stake
By AFP
Medical workers putting on protective gear at the beginning of their shift at the emergency field hospital run by Samaritan's Purse and Mount Sinai Health System in Central Park on April 8, 2020 in New York. (Misha Friedman/Getty Images/AFP)
April 9, 2020, 6:25 am
Virus deaths soar in US, Europe as Trump sees light at end of tunnel
Governments grapple with how to balance public safety against devastating economic impact of pandemic
By Hervé BAR
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