ISLAMABAD-The global economy will contract at least six percent this year, with the unprecedented loss of income and "extraordinary uncertainty" caused by measures to contain the coronavirus outbreak, the OECD said Wednesday.  In the case of a second wave of contagion later in the year, ...

Paris: The head of the International Monetary Fund said that fresh trade tensions between the United States and China were the main threat to the world economy. "Clearly the tensions between the United States and China are the threat for the world economy," Christine Lagarde told journalists at a ...

Chinese President Xi Jinping urged the Group of 20 (G20) to stick to openness, partnership, innovation and inclusiveness and steer world economy responsibly. Xi made the remarks while addressing the 13th G20 summit in the Argentine capital of Buenos Aires. He warned the G20 leaders of accelerated ...

World Trade Organization has called for restraint and urgent dialogue within the WTO system to stop trade frictions damaging the world economy. In a statement, WTO Director-General Roberto Azevedo said actions taken outside these collective processes greatly increase the risk of escalation in ...

Chinese President Xi Jinping has pledged one hundred twenty four billion dollar for his new Silk Road plan to forge a path of peace, inclusiveness and free trade.Addressing the two-day gathering in Beijing, he said we should build an open platform of cooperation and uphold and grow an open world ...

HANGZHOU: (APP) Leaders of the world's biggest powers met Sunday to try to revive the sluggish world economy, with their host Chinese President Xi Jinping urging them to avoid "empty talk".Xi welcomed each president and prime minister to the Group of 20 summit with a handshake, and had an extended ...

BEIJING : China is all set to host one of the world's most prestigious economic forum on its land.Eleventh G20 Summit will start in Hangzhou, China on fourth of next month.The theme of the two-day summit will be “Toward an Innovative, Invigorated, Interconnected and Inclusive World ...

CHENGDU, China (APP): Britain's vote to leave the European Union heightened risks for the world economy, finance chiefs from the G20 group of leading countries said Sunday at a meeting in China. The outcome of last month's referendum "adds to the uncertainty in the global economy", said China's ...