Posts Tagged ‘GDP’

Week in Review: Minister Mboweni Delivers a Grim Assessment of SA’s Finances

On Wednesday, South African Finance Minister Tito Mboweni delivered a grim assessment of the nation’s finances in a special Supplementary Budget Review (SBR) that forecasts a deep South African recession and plunging tax revenues as a result of the Covid-19 outbreak and subsequent lockdown measures. Gross domestic product (GDP) is forecast to shrink by 7.2%…

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Week in Review: The Delicate Balance

On Thursday more than 150,000 new cases of the coronavirus were recorded, the highest single-day number so far. The new cases were mostly reported in the Americas, with significant numbers from South Asia and the Middle East. Countries globally are moving forward with the reopening of their economies, some more cautiously than others, as each…

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Week in Review: Markets Rebound Strongly in April

Despite stocks finishing mixed this week, global markets posted some of their best returns in decades during the month of April. A slowdown in new coronavirus cases and synchronized stimulus initiatives globally, improved sentiment from the March stock-market bottom. Volatility has also subsided from its recent highs but remains elevated. Economic data continues to point…

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Week in Review: Markets Shrug Off Weak Data

Major indexes were mostly stronger this week, as investors weighed record downturns in economic data against hopes that progress in containing the coronavirus pandemic may soon result in the partial reopening of economies. Investors cheered early indications that coronavirus infection rates may be peaking in Europe and the U.S. along with announcements that governments are…

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Week in Review: Coronavirus Sparks Market Correction

Coronavirus panic has sent world equity markets into correction (a correction is a 10 percent drop in stocks from their most recent peak) territory. While the rate of reported cases in China slowed and Chinese companies that were shuttered in February started to reopen, the headlines that the virus is spreading at an increased rate…

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Week in Review: Coronavirus Death Toll Rises

Countries around the world are stepping up efforts to tackle the threat of the spread of coronavirus. The latest figures brought the total number of deaths in China to at least 722 with the total number of confirmed cases rising to 34,000. Most of the newly reported deaths, 81, occurred in Hubei Province, the heart…

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