Ukraine and Russia together account for over a quarter of global trade of wheat. The war has closed major ports in Ukraine, and severed logistics and transport links.
It's not the responsibility of Wall Street to come out with better forecasts. The responsibility is on the end users to spend a few hours digging into the research.
Ahead of the release of the updated World Economic Outlook next week, IMF MD Kristalina Georgieva says she now expects growth to moderate slightly this year.
World Bank warns of substantial uncertainty beyond 2021. Growth in low-income nations is expected to be the second-slowest of the past 20 years, held back by lack of access to vaccines.
Emerging and developing economies are vulnerable to richer countries hoarding their doses because their fragile health systems are straining under the weight of mounting infections.
While global growth is still on course to rebound from the recession of last year at some point, it may take longer to ignite and not be as healthy as previously forecast.
In an outlook for 2021, Morgan Stanley recommended investors overweight equities and corporate bonds against cash & government debt, and sell the US dollar.
Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
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