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Global economic growth to drop 4.4% after slowdown in U.S. and China: report

A new report by International Monetary Fund (IMF) shows reduced rate of global economic growth at 4.4 percent, lower than its earlier prediction of 4.9 percent. The report states that the larger than expected lockdowns in United States (U.S) and China are responsible for this reduction.  “We project global economic growth this year at 4.4 […]

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Economic & Finance Facts & Comment Politics World's Billionaires

Covid exploded inequality, boon for billionaires: Oxfam report

More than 16 crore humans were pushed into poverty and roughly 99 percent of people around the globe had diminished income during the pandemic. But it was a stark opposite scenario for the rich. The pandemic saw the 10 richest people of the world more than double their fortune to 1.5 trillion USD, at a […]

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