The risk that the second wave of the coronavirus pandemic could derail the eurozone’s recovery from deep recession makes ultra-easy monetary policy all the more necessary, European Central Bank board member Fabio Panetta has told a Greek newspaper.
Trump. Trade. Turkey. A trio of risks confronts emerging markets in the coming week following a period in which prices have stuck to the August script, with implied currency volatility increasing in the five days through Friday by the most since the March rout.
The keenly-awaited full results from a UK trial of the steroid dexamethasone were published Friday, confirming its life-saving benefits for COVID-19 patients on ventilators but suggesting it may cause harm if given too early.
Japan’s economy shrank at the fastest pace in almost six years in the December quarter as last year’s sales tax hike hit consumer and business spending, highlighting a fragile outlook made worse by growing coronavirus risks.
Italy’s economic outlook is growing dimmer, adding pressure on the government to deliver on its tricky promise of an expansionary budget while setting aside billions to avoid a planned increase in sales-tax.
South Korea's economy is increasingly facing downside risks amid the trade tussle between the United States and China, the country's chief economic policymaker said on Friday, stressing the need to take quick and bold actions to buttress the economy.