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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    International Monetary: Monetary and financial measures against Corona spared the world worse scenar

    Rocky
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    International Monetary: Monetary and financial measures against Corona spared the world worse scenar Empty International Monetary: Monetary and financial measures against Corona spared the world worse scenar

    Post by Rocky Fri 23 Apr 2021, 2:10 pm

    International Monetary: Monetary and financial measures against Corona spared the world worse scenarios
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    International Monetary Fund
     April 23, 2021 6:54 PM
    Cairo - Mubasher: The International Monetary Fund confirmed the effectiveness of the measures taken by the countries of the world during the Corona pandemic at the level of monetary and financial policies that prevented worse economic results, as they contributed about 6 percentage points to global growth in 2020.
    The World Economic Outlook report issued by the International Monetary Fund stated that central banks rushed to provide liquidity quickly after the spread of the virus, and also supported the expansion of credit to a wide range of borrowers, and for their part, the financial authorities directed relief to families and companies through transfers and wage subsidies, And liquidity support, and IMF experts estimate that all the political measures taken may still be a lot of work to achieve a full recovery, especially in working conditions.
    The report added that although the GDP recovery came stronger than expected, after the contraction for 2020 was 1.1% less than estimated, it is still less than pre-Corona pandemic levels, while countries that rely heavily on Tourism and exports further lost production, and other factors played a role in countries' response to the epidemic, such as the size of the informal sector, digital infrastructure, and the proportion of remote workable jobs.
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    As for the other sectors, the report indicated that the travel, arts, entertainment and hospitality sectors have been severely affected, but on the other hand, industrial production and merchandise trade have returned to pre-epidemic levels, while the labor market recovery is still incomplete, and unemployment rates have increased. About 1.5% above its previous averages for the epidemic worldwide.
    In terms of the future outlook, the report mentioned that a state of uncertainty surrounds a high degree of global expectations, as future developments will depend on the course of the epidemic, policy measures, the development of financial conditions and commodity prices, and the ability of economies to adapt to health-related obstacles to economic activity, while it will determine The pace of recovery with some other factors, such as access to vaccines, which differs greatly from one country to another, and financial support, and the capabilities of countries to provide it, as well as the rise in the prices of some commodities.
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