Rappler's latest stories on global economy
The Nasdaq rises 1% on Wednesday, July 1, even as the United States confronts a worsening coronavirus outbreak in much of the country
Major United States indices fall around 2.5% or more on Friday, June 26, to finish the week in the red
European markets hold onto their gains until the close, while Wall Street engineers a strong finale to a roller-coaster session on Thursday, June 25
'Investors seem to be betting that lasting strong support from central banks will sustain a quick recovery even as economic data point to a deeper-than-expected downturn,' says the International Monetary Fund
International Monetary Fund chief economist Gita Gopinath urges countries to be 'collaborative' amid the global crisis
European bourses dive around 3%, while the Dow sheds 2.7% or more than 700 points on Wednesday, June 24
(UPDATED) The International Monetary Fund acknowledges the high levels of uncertainty as the coronavirus pandemic ravages the global economy
(UPDATED) The International Monetary Fund estimates the coronavirus crisis will destroy $12 trillion over two years, leaving lasting scars on employment, businesses, and trade
The main European markets gain more than 1%, while Wall Street stocks also power higher on Tuesday, June 23
European and Asian stocks are down on Monday, June 22, but Wall Street ultimately shrugs off the weakness as New York City moves to a new phase of reopening
Global markets are still 'a bit cautious as uncertainty regarding a second wave of COVID-19 continues to simmer, countering recent economic data that has suggested improvement'
Advanced and emerging market economies are seeing a larger impact in services, says International Monetary Fund chief economist Gita Gopinath
International Monetary Fund chief Kristalina Georgieva warns countries not to withdraw stimulus measures 'too quickly'
A fresh coronavirus outbreak in Beijing comes as investors are already anxious over increased cases in Texas, Florida, and other US states
Wall Street stocks finish a topsy-turvy session solidly higher on Friday, June 12, but lower for the week overall
Brazil accounts for almost 40,000 – or more than half – of Latin America's total deaths, registering 1,274 fatalities in the last 24 hours
Both the Dow and S&P 500 finish lower following a volatile session, while the Nasdaq surges to its 3rd straight record on Wednesday, June 10
The Organisation for Economic Co-operation and Development says the global economy could shrink by as much as 7.6% if a second wave of contagion happens later in the year
Dire corporate and economic news in the eurozone sparks selling in Europe on Tuesday, June 9. The Dow and S&P 500 also retreat.
The tech-rich Nasdaq closes more than 100 points over its previous high in February, while the Dow finishes up 1.1% on Monday, June 8
(3rd UPDATE) The World Bank sees the global economy shrinking by 5.2% in 2020, with the coronavirus pandemic to drive up to 100 million people into extreme poverty
The Dow piles on around 830 points, or 3.2%, to finish at 27,110.98 on Friday, June 5
What keeps World Bank President David Malpass up at night? 'Not enough resources,' he says.
Analysts say markets have historically shrugged off civil disruptions
Stocks pull back in the United States on Thursday, May 28, as tensions rise between the US and China
The coronavirus pandemic could erase 'all the progress made in poverty alleviation in the past 3 years'
The Dow Jones Industrial Average finishes down 1.6% on Tuesday, May 19, pulling back from the 3.9% surge on Monday, May 18
(UPDATED) Company risk managers surveyed by the World Economic Forum fear an extended downturn and bankruptcies as a result of the coronavirus pandemic
Sentiment is boosted by an American firm reporting promising early results from a COVID-19 vaccine test, as well as an economic recovery plan proposed by France and Germany
$8.8 trillion would be equivalent to 9.7% of global gross domestic product
World Trade Organization Director-General Roberto Azevedo says his resignation, effective August 31, is a 'personal decision' reached with his family
Major European and Asian bourses extend losses, while United States stocks end higher on Thursday, May 14
Major United States indices end lower for a second straight session on Wednesday, May 13, while European stocks are also mauled
Analysts say congressional testimony from American infectious diseases expert Anthony Fauci was likely a factor in the pullback
How will different countries recover from the economic impact of the coronavirus pandemic? These are the scenarios.
While some European countries and US states are easing restrictions, there are fears of 'second wave' coronavirus outbreaks in parts of Asia
The International Monetary Fund notes that incoming economic data for many countries is even below the IMF's 'already pessimistic assessment'
The gains are the latest instance of markets looking at economic reports that are bad, but not significantly different than expected, and instead focusing on positive news
Investors focus on hope for an economic rebound, despite 'dour data' emerging from countries hit hard by the coronavirus
'The market seems to be running out of steam. We're starting to see some of the real negative macro news,' says an analyst
An analyst cautions that while a gradual return to economic activity would bring optimism, the long-term view is still grim
Investors are rattled as the Trump administration steps up its criticism of China over the coronavirus
As jobless claims continue surging in the United States and the European Union economy shrinks, stocks dip on Thursday, April 30
United States markets follow Asia and Europe higher on Monday, April 27, after coronavirus figures provided hope. But an analyst warns the stock market has become 'divorced from fundamental reality.'
'One other option is to fuel geopolitical tensions in the Middle East to threaten supply and support [oil] prices. This is what Donald Trump is doing right now,' says an analyst
Oil prices rally on Wednesday, April 22, as United States President Donald Trump threatens to shoot at Iranian boats in a key waterway for crude shipments
'Ever thought that it could be imaginable to see the price of US oil valued at less than a pizza? Or even a slice of pizza?' an analyst says
(3rd UPDATE) Oil prices in the United States tumble into negative territory for the first time, closing at -$37.63 a barrel on Monday, April 20
Here is a summary of the financing available from the International Monetary Fund and World Bank for countries battling the coronavirus pandemic
'Speed of action is of [the] essence in the crisis that has moved so rapidly and is so deep,' says International Monetary Fund Managing Director Kristalina Georgieva