China will be the only major economy to see growth this year as world braces for long recovery from Covid-19 crisis – IMF

With most of the world facing a deep recession due to the coronavirus pandemic, China will be the only major economy to climb back from the depths of the historic crisis in 2020, according to the International Monetary Fund (IMF). … Read More >China will be the only major economy to see growth this year as world braces for long recovery from Covid-19 crisis – IMF

Investors continue to put money in Russian sovereign bonds despite threat of sanctions

Russia’s share of JPMorgan’s GBI-EM index, the main global benchmark for emerging market local currency bonds, has grown to 8.3 percent, up from around seven percent two years ago and just 1.5 percent in 2007, new data shows. … Read More >Investors continue to put money in Russian sovereign bonds despite threat of sanctions

Russia on course to replace Germany as Europe’s leading economy & enter global top five this year – Putin’s economic advisor

For a long time now, officials in Moscow have spoken of a desire to see Russia become the world’s fifth largest economy, measured by purchasing power parity. The Kremlin believes 2020 will be the year it finally happens. … Read More >Russia on course to replace Germany as Europe’s leading economy & enter global top five this year – Putin’s economic advisor

Fitch maintains China’s strong credit rating as economy stages ‘REMARKABLE’ coronavirus recovery

Fitch Ratings has affirmed China’s long-term foreign-currency issuer default rating at ‘A+’ with a stable outlook, supported by the country’s robust external finances and track record of strong macroeconomic performance. … Read More >Fitch maintains China’s strong credit rating as economy stages ‘REMARKABLE’ coronavirus recovery

China shows ‘indication of accelerating economic recovery’ as exports & imports grow for first time since Covid-19 pandemic

China’s customs data beat expectations of decline on Tuesday, showing that exports and imports grew significantly in June. The positive data comes as restrictions eased and countries started reopening their economies. … Read More >China shows ‘indication of accelerating economic recovery’ as exports & imports grow for first time since Covid-19 pandemic