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Category: gdp
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Crypto community eyeing three macro events to tip crypto scales in July
Despite the gloomy macro forecasts, some of crypto’s leading pundits view the recent macroeconomic-catalyzed crypto market crash as an overall positive sign for the industry.
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Report: The Metaverse Might Contribute $320 Billion to Latam’s GDP in the Next 10 Years
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US Senator Lummis Thanks God for Bitcoin as Congress Discusses Raising Debt Ceiling
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Bank of England Governor Bailey Says Cryptocurrencies Are ‘Dangerous’
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Covid-19 Hit Sub-Sahara Africa Gets $16 Billion From IMF, Region Still Faces $290B Financing Gap
The International Monetary Fund (IMF) says its release of $16 billion towards sub-Sahara Africa will help to cover the needs of countries badly hit by the global pandemic, Covid-19. The financial institution says despite its swift action, the region still faces a financing gap of $290 billion between now and the year 2023. Sub-Sahara Africa’s […]
The post Covid-19 Hit Sub-Sahara Africa Gets $16 Billion From IMF, Region Still Faces $290B Financing Gap appeared first on Bitcoin News.
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IMF Predicts Worst Global Crisis Since Great Depression, Costing $9 Trillion
The International Monetary Fund (IMF) said the world’s current economic crisis is the worst downturn since the Great Depression, and no country is spared. The IMF estimates that the cumulative loss to global GDP from the pandemic could be around 9 trillion dollars. Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of […]
The post IMF Predicts Worst Global Crisis Since Great Depression, Costing $9 Trillion appeared first on Bitcoin News.
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Cash Crisis: National Currencies Plunge in the Wake of Coronavirus
Announcing an open-ended QE program Monday for unprecedented asset purchasing, the U.S. Federal Reserve has pledged to purchase assets “in the amounts needed,” signaling the beginning of a virtually unlimited easing effort which will include moving into corporate bonds for the first time.
The post Cash Crisis: National Currencies Plunge in the Wake of Coronavirus appeared first on Bitcoin News.
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German Economy in Risk of Recession Amid Weak Demand, Tariff Threat, and Epidemic
Germany, the economic powerhouse of Europe, is facing renewed challenges that may soon push it towards recession. Falling industrial production and dwindling factory orders are the prime cause of concern. The negative results have been announced on the backdrop of weak demand from Eurozone countries, U.S. threats for import tariffs, and the fallout from the […]
The post German Economy in Risk of Recession Amid Weak Demand, Tariff Threat, and Epidemic appeared first on Bitcoin News.
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Low Interest Rates Provide Precarious Protection Against Crisis, World Bank Warns
The latest global debt wave is the largest in the past five decades, the World Bank has acknowledged in a new report. The international institution notes that previous waves of broad-based debt accumulation lead to widespread financial crises. Historically low interest rates this time might not be sufficient to avoid the next meltdown. Also read: […]
The post Low Interest Rates Provide Precarious Protection Against Crisis, World Bank Warns appeared first on Bitcoin News.
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