Regional & International Economy

One of the most closely watched aspects of China’s two sessions each year is the release of the official target for GDP growth, a reliable indicator of where the world’s second-largest economy is headed. 

‘Beyond the 20.5% of the population officially recognized as poor, there was a group of ‘new poor’ representing an additional 22.9% of the population that needed to be brought within the discussion on poverty’

Candidates to succeed Roberto Azevedo as head of the WTO will have one month from June 8 to submit their nominations, the global trade body said following the Brazilian’s surprise resignation.

The Annual Development Programme (ADP) spending hit four-year low in the first 10 months of the current fiscal year (FY) 2019-20 due to the impact of the coronavirus on the development work, officials said.

The Federation of Bangladesh Chambers of Commerce and Industry has demanded a downward revision of corporate income tax to 25 per cent over the next three years considering the impact of coronavirus pandemic on the country’s economy.

Up to 60m people will be pushed into “extreme poverty” by the coronavirus warns the president of the World Bank.

Asian markets were mixed Wednesday as a rally over the previous two days ran out of steam on profit-taking, with investor confidence also tempered by ongoing worries about the long-term damage that lockdowns are having on the global economy.

Uncertainty has griped 443 ongoing ADP projects, deadline of which is expiring this June, as a result of officials’ negligence in extending their deadline amid COVID-19 fallout.

Hopes for a vaccine to treat coronavirus and a further easing of lockdown measures around the world spurred a rally on Asian markets Tuesday as investors tracked a surge across Europe and Wall Street.

The South Asian countries, including Bangladesh, might lose US$142 billion to $218 billion due to impact of the deadly Coronavirus pandemic on their economies, the Asian Development Bank (ADB) said on Friday.