Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, US March 25, 2020. — Reuters pic
Airlines are set to post a collective net loss of US$39 billion this quarter as the majority of their aircraft are grounded to weather lockdowns and travel restrictions. IATA said it expected government fiscal International Air Transport Associationmeasures and central bank action to feed through to higher travel demand from the fourth quarter, after a widespread second-quarter lockdown and continued weakness in the third.
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World Bank predicts 102pc drop in Malaysia’s 2020 GDP growth | Malay MailKUALA LUMPUR, March 31 — The ever-growing economic uncertainties triggered by the Covid-19 outbreak, paired with a sluggish 2019 performance has led the World Bank to alter its 2020 gross domestic product (GDP) growth projections for Malaysia to -0.1 per cent. This represents a -102 per cent drop... Dengar boleh, percaya jangan. Doubtlessly it's that before the outbreaks prophesied since 3 years ago economy definitely will went south but it's unheeded by most now they turned taciturn because of accurately Prognosticated!
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Australia says no collusion in decision to withdraw from 2020 Games | Malay MailMELBOURNE, March 30 — The Australian Olympic Committee (AOC) has said its decision to pull out of the 2020 Tokyo Games was unilateral and made without the knowledge of Canada or the International Olympic Committee (IOC). The AOC said last Monday it could not assemble a team for 2020 because of...
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Virus to shrink German 2020 GDP by up to 5.4pc, say top economists | Malay MailBERLIN, March 30 — Measures to contain the coronavirus outbreak will slash German 2020 economic output by 2.8 to 5.4 per cent before a rebound next year, a panel of economists who advise the government said today. “The German economy will shrink significantly in 2020,” the so-called “Wise...
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Malaysia’s reserves remain at US$103.396b as at end-Feb 2020 | Malay MailKUALA LUMPUR, March 31 ― Malaysia’s reserves remained usable as at end-February 2020, with official reserve assets at US$103.396 billion (RM444.614), in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format. In a statement today, Bank Negara...
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Swedish economy seen shrinking 4pc in 2020 as pandemic hits | Malay MailSTOCKHOLM, March 31 — Sweden’s economy is seen shrinking four per cent this year the coronavirus outbreak hits supply and demand, a plunge rivaling that experienced during the global financial crisis more than a decade ago, Finance Minister Magdalena Andersson said today. The government has...
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Three months that shook global markets | Malay MailLONDON, March 30 — How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply, it has probably been the most destructive sell-off since the Great Depression. The numbers have been staggering. US$15 trillion (RM65.3 trillion) has been...
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