Washington/Beijing: The World Bank has said in its new report that against the backdrop of consistent Corona outbreaks and the strict Zero Covid Policy imposed against it, there has been an upheaval in China’s economy, which impacts the economic growth rate. According to a report, China’s economy will fall by 2.7% in 2022. Besides, the […]
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Beijing: There are indications that the decline in the global economy will continue for some time. This has been a matter of great concern; the International Monetary Fund (IMF) warned of a possible economic slowdown, in such words. The World Bank, World Trade Organization (WTO) and OECD have confirmed this statement of the Monetary Fund. […]
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Washington/Moscow: The World Bank claimed that the G7 countries alone are incapable of capping the prices of Russian oil and that participation from more countries would be needed. The World Bank report argues that such a mechanism to control oil prices is unprecedented and poses a significant risk. Against the backdrop of the World Bank […]
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Washington/Geneva: Slowdown in the Chinese growth rate and falling economic output in the United States are deepening the grip of recession in Europe. The fuel crisis in Europe, dependent on Russian fuel, will continue in the coming times. The President of the World Bank, David Malpass, warned that the economic recession crisis is hovering over […]
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Washington: A new report by the World Bank warned that the slowdown in the global economy has gained momentum because of the hit taken due to the Coronavirus pandemic, followed by the Russia-Ukraine conflict. The World Bank has also warned in the report that the decline in the economic growth and the raging inflation will […]
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New Delhi – India is considering various options for clean and affordable energy options. For this, the United Kingdom has expressed its willingness to cooperate with India. Recently, Prime Minister Narendra Modi had announced the National Hydrogen Mission in his Independence Day speech. On this front, the United Kingdom has expressed willingness to cooperate with […]
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Washington/Beijing: The World Bank has demanded that China, known as the largest lender in the world, should waive the loans given to the under-developed countries against the background of the Coronavirus pandemic. All the member countries had concurred on this during the G20 meeting held in April. But China started dilly-dallying regarding loan waiver, saying that […]
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Geneva: – The World Bank has warned, ‘The global economy has received a severe jolt because of the Coronavirus pandemic. The south-east Asian countries will be the worst hit with this and millions of people will be pushed into poverty.’ The World Bank also expressed a possibility that the effects of the pandemic may be […]
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Washington/Beijing: US President Donald Trump issued a stern warning to the world bank saying that China has enormous amounts of funds and even if it does not, it will create it; therefore, under any circumstances, the world bank should not fund China. Only a few days ago, the world bank decided to provide billions of […]
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Washington/Islamabad: After reprimanded by the International Monetary Fund (IMF) in the last week, there is a new financial crisis that haunts Pakistan. The senior arbitrator from the World Bank has ordered the Pakistan government to deposit a fine of whopping USD 5.975 billion. An international mining company had filed a case with the World Bank, […]
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