|Series||US Overseas Business Reports -- 74-040|
Global growth is projected at percent in , just above the post-crisis low registered last year. While growth could be stronger if reduced trade tensions mitigate uncertainty, the balance of risks is . Global trade - The World Trade Organization (WTO) deals with the global rules of trade between nations. Its main function is to ensure that global trade flows smoothly, predictably and freely as possible. World Economic Outlook, April The Great Lockdown April 6, Description: The COVID pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures are severely impacting economic activity. As a result of the pandemic, the global economy is projected to contract sharply by –3 percent in , much worse than during the –09 financial crisis. I. OUTLOOK FOR AGRICULTURE AND FOOD World and Regional Aspects 11 World Outlook 1_1 Outlook by Regions 11 North America 11 Western Europe 12 Eastern Europe and the Soviet Union 14 Latin America 14 f rica. 15 Near East 15 Far East 16 Oceania 17 Prospective World Trade, /51 and /52 17 II. OUTLOOK FOR SELECTED COMMODITIES Farm Products File Size: 2MB.
With bn barrels, the Middle East holds by the far the largest oil reserves in the world. Economically, oil production is probably the biggest monetary contributor to nations throughout the region. Oil prices are forecast to average $67 into and , which means governments, NOCs, and IOCs have more cash to spend on boosting production. Middle East:: Azerbaijan. All Space Capital. Measured by surface area, the Caspian Sea is the world's largest inland water body. It covers roughly , sq km (, sq mi) and borders five countries. To the ancient Greeks and Persians, the lake's immense size suggested it was an ocean, hence its name. A large expanse of clear sky Location: 34th Street NW, Washington, DC Gold is highly liquid, no one’s liability, carries no credit risk, and is scarce, historically preserving its value over time. Read our latest guides to gold as an investment. Gold Demand Trends Full Year and Q4 Annual gold demand dips to 4,t. Gold demand fell 1% in as a huge rise in investment flows. Buried on page 6 in a side note is the following paragraph: "The app [Outlook ] that is described and depicted in images throughout this book is a standard desktop installation of Outlook on a Windows 10 computer configured to connect to a Microsoft Exchange account."/5(38).
Asian markets finished sharply lower on Friday with shares in Japan leading the region. The Nikkei is down % while China's Shanghai Composite is off % and Hong Kong's Hang Seng is. In , the Chinese government designated pharmaceutical production as a “high-value-added industry” and bolstered the industry through subsidies and export tax rebates to encourage pharmaceutical companies to export their products. By China had become by far the world’s largest source for active pharmaceutical ingredients (APIs). The World Bank has predicted a recession in sub-Saharan Africa this year, the first in 25 years as the regional economy is expected to shrink percent on the backdrop of the coronavirus. At the time the bipolar world order disappeared in , successful economic reforms were introduced in India, which helped launch a serious discussion about the place and role of this nation in the world. A key to understanding India’s current politics lies in its features, such as independence in foreign affairs, non-alignment with any.