World Archives - EXCELAMG

19Oct

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World

Global Economic Growth Predicted To Minus 5 Percent, Worst In 80 Years

Chief Economist of PT Bank CIMB Niaga Tbk, Adrian Panggabean, predicted that the global economy will contract by minus 5 percent in 2020. Adrian even said that this contraction was the worst in the last 80 years. In 2021, the global economy will recover (rebound) partially in the range of 3 percent-4 percent. "The projection range of global economic growth is in the range of -5 percent to -4 percent in 2020, the worst in 80 years," said Adrian in his report, Wednesday (14/10/2020). Adrian said that the global economic recovery in 2021 is still marked by high uncertainty. Next year, it seems that there are still sharp business fluctuations. Recovery can be patchy across countries. Especially at this time, the Covid-19 virus still infects more than 140 countries in the world. Hopes for a s...

22Sep

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Economy and Finance

IMF Was Worried Because the World Economy Is Still Horrible

IMF Chief Economist Gita Gopinath voiced pessimism about the current global economic conditions. His side admitted that he was looking for signs of recovery of the global economy, but it was difficult to find them. "Over the course of the year, it has become increasingly difficult to find these bright spots. There is potential for recovery, and we are still looking for it all over the world, but I have to admit it has become increasingly difficult to find them," Gopinath said as quoted by CNBC. The existence of trade tension that occurs is said to be one of the risks threatening the economy. Global growth has been restrained and is considered fragile . "The developments we have seen lately give us great concern about what will happen to future growth. To note, the trade war between th...

18Sep

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World

Australia Explores Involving Mediators Regarding Payment of News Content on Facebook

Australian authorities are capable of engaging mediators to determine payments by social networking service company Facebook or other internet companies such as Google. This is related to the traffic that arises from the news content that users upload there. This plan will occur if Facebook cannot reach an agreement with the local media company on the payment of traffic from this content. However, Facebook management objected to being subject to an unlimited royalty payment scheme. On this matter Facebook management representatives have not commented. At the same time, Google's local management said that it has reached an agreement with many Australian media on content. The chairman of the competition regulator, Rod Sims of the Australian Competition and Consumer Commission (ACCC)...

17Sep

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World

World Economy Criticism by Feminist Organizations

Words of economics does come from the Greek word oikos, which means house, but economists never want to know what really happens inside the house. What has been called work from home around the world since the Covid-19 pandemic is ridicule, humiliation, neglect, humiliation, and even obvious economic injustice against anything women do at home. Caring (humans, plants, animals), caring for people, cooking food, washing things, pleasing people, or basically anything that is done at home, which many women do from waking up in the morning to sleeping again at night, no can be recognized as working. And that is why it is forbidden to get the maximum wage / salary as soon as possible. Of course there is no more ironic or even tragic example than a woman named Margaret Douglas. At the age of ...

15Sep

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Economy and Finance

Not the First Time the World Economy is Destroy by the Pandemic

Pandemics that occur in the world have indeed influenced the global economic system and suppressed the economies of all countries. This is because the pandemic forces humans to limit their interactions with others in order to suppress the spread of the virus. Long before the current COVID-19 pandemic, the world economy had also been battered by the Spanish Flu pandemic around 1918. Citing a report compiled by Ally Mintzer on econreview.berkeley.edu, the result of the Spanish Flu at that time also forced world countries to impose restrictions that influencing the consumption pattern of society and the business world so that the wheels of the economy move slowly or even temporarily stop. The incident in 1918 was the worst in the history of the United States (US) because it claimed hundre...