By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Christine Lagarde, Managing Director (MD) of the International Monetary Fund (IMF), Friday said the Group of G-20 leaders has done much to stabilize the world economy and financial system; but yet to fully recover. Lagarde said this in a Statement made available to InvestAdvocate […]
Tag: Global Economy
G20 says economy recovering but no end to crisis yet
The Group of 20 said on Friday the global economy was improving but it was too early to declare an end to crisis with emerging markets facing increasing volatility. Leaders of the G20 – which groups developed and emerging economies accounting for 90 percent of the world economy and two-thirds […]
As Demand in the Global Economy Weakens, American Multi-Nationals to Feel the Pain
The so-called “powerhouse†of the global economy, China is witnessing an economic slowdown like never beforeâ€â€Âthe repercussions of which will be felt here in North America. The HSBC Flash China Manufacturing Purchasing Managers’ Index (PMI) continued its slide in June, registering 48.3â€â€Âa nine-month lowâ€â€Âcompared to 49.2 in May. (Source: Markit, […]
