Risk asset prices have rebounded following the precipitous fall early in the year, while benchmark interest rates have declined, leading to an overall easing of financial conditions.

Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is projected to be more gradual than previously forecast.

Mongolia can build a more inclusive and sustainable economy by improving macroeconomic management, strengthening human development, increasing international trade, and diversifying the economy by building on the country’s existing knowledge and expertise, including in the mining sector, says a new Asian Development Bank (ADB) Country Diagnostic

Global investment sentiment waned amid the sharp economic downturn triggered by the coronavirus disease (COVID-19). The governments and central banks of many economies launched fiscal stimulus packages and eased monetary policies to mitigate the economic impact of COVID-19.

South Asia entered the COVID-19 crisis with a low level of preparedness: The COVID-19 outbreak hit South Asia at a time when the SDGs were gaining traction and countries had begun to make some progress.

The report finds that climate change and its mitigation will increasingly affect macroeconomic variables essential to the conduct of monetary policy. It highlights the need for central banks to strengthen their analytical toolkits, integrating climate risks into their economic models and forecasting tools.

The 2020 Global Startup Ecosystem Report (GSER) from Startup Genome and Global Entrepreneurship Network is the world’s most comprehensive and widely-read research on startup ecosystems. The GSER now ranks the top 140 startup ecosystems from an assessment of several hundreds.

Amid huge uncertainties, a disconnect between financial markets and the evolution of the real economy has emerged, a vulnerability that could pose a threat to the recovery should investor risk appetite fade.Other financial system vulnerabilities may be crystallized by the COVID-19 pandemic.

Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is projected to be more gradual than previously forecast.

For several weeks now, Africa has been fighting against an invisible enemy: COVID-19.

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