BoE leaves interest rate and QE program unchanged, Cable fades initial bounce, Outlook bearish

May 07, 2020 09:28 am UTC| Commentary Economy

At its scheduled May monetary policy meeting, the Bank of England (BoE) Monetary Policy Committee (MPC) as was widely expected, left interest rates and Asset Purchase program unchanged at 0.10% and 645 billion,...

German industrial production slumps in March, sees sharpest monthly drop ever

May 07, 2020 08:37 am UTC| Commentary Economy

German industrial production data released earlier today followed all other German macro indicators and plunged considerably in March. Industrial production fell by 9.2 percent month-on-month, from 0.3 percent MoM in...

S. Korea's Food Exports Up 3.8%

May 06, 2020 10:57 am UTC| Business Economy

South Korea exported US$2.38 billion worth of agricultural and meat products in the first four months of 2020, up by 3.8 percent from a year earlier. The increased exports were triggered by rising global demand for...

Economic recovery will come with high levels of unemployment: how should governments respond?

May 05, 2020 11:38 am UTC| Economy

Two key factors distinguish the economic consequences of coronavirus from those of previous crises. One is the catastrophic decline in employment in such a short space of time. The other is the incredibly swift digital...

After coronavirus lockdown, the financial cost

May 05, 2020 08:30 am UTC| Insights & Views Economy

As curves have flattened in numerous countries, more lockdowns are tentatively lifting. The Conversation has been analysing the latest public health developments and looking in detail at the contact tracing apps that...

Oil in Global Economy Series

Oil price: futures markets warn it won't recover after coronavirus

May 04, 2020 13:46 pm UTC| Economy

West Texas Intermediate (WTI) crude went negative for the first time in history this month as oil traders got stuck between a mammoth oversupply and lack of places to store it. The international price of black gold remains...

Coronavirus is significant, but is it a true black swan event?

May 04, 2020 13:45 pm UTC| Economy

Since the black swan metaphor was coined in the 2007 book of the same name it has become fashionable to label virtually all low probability/high impact events black swans. But the danger of making an occurrence like the...