Kristalina Georgieva speaks during a news conference after a meeting. Reuters/ File
Despite some signs of recovery, the global economy faces continued challenges, including the possibility of a second wave of COVID-19, and governments should keep their support programs in place, IMF chief Kristalina Georgieva said on Thursday.
Multiple threats to the global economy topped the worries of the world’s well-heeled at the annual Davos think-fest on Monday, with some flagging the risk of a worldwide recession.
The global economy is showing signs of bouncing back from the severe downturn caused by the global coronavirus pandemic, but a full recovery is “unlikely” without a vaccine, IMF chief Kristalina Georgieva said on Wednesday.
The pandemic sweeping the world will turn global economic growth “sharply negative” in 2020, triggering the worst fallout since the 1930s Great Depression, with only a partial recovery seen in 2021, the head of the International Monetary Fund said.
Expanding its global footprint, Havells Partners with TeknoDome to roll out Lloyd’s range.
The CEO of Masdar said that Masdar has contributed significantly to achieving the country’s goals in the field of renewable energy and has played a pivotal role in diversifying the UAE’s portfolio of renewable energy..
The COP28 opened its doors to the public in Dubai as the off-plan super prime real estate sector in Dubai continues to grow from strength to strength with high interest and record sales prices being attained in new luxury projects.