Xinhua world economic news summary at 0900 GMT, Jan. 6

0 Comment(s)Print E-mail Xinhua, January 6, 2021
Adjust font size:

WASHINGTON -- The global economy is on track to grow by 4 percent in 2021, assuming vaccination for COVID-19 becomes widespread throughout the year, the World Bank Group said in its latest Global Economic Prospects released Tuesday.

"The global economy appears to be emerging from one of its deepest recessions, and beginning a subdued recovery," World Bank Group President David Malpass told reporters in a media conference call Tuesday morning. (World Bank-Global-China-Economy)

- - - -

BERLIN -- The free trade deal agreed by the UK and the European Union (EU) on Christmas Eve would significantly lessen the negative economic impact of Brexit, according to a study published by Germany's Ministry for Economic Affairs and Energy on Tuesday.

"The agreement on a comprehensive agreement between the EU and the UK without tariffs and without quotas is a good signal for the economy in Germany, the EU and the UK," said Minister for Economic Affairs Peter Altmaier in a statement. (Germany-Brexit-FTA)

- - - -

NEW YORK -- The U.S. dollar weakened in late trading on Tuesday as market participants pored through newly-released economic data.

The dollar index, which measures the greenback against six major peers, fell 0.48 percent at 89.4400. (US-Dollar index-Down)

- - - -

VIENTIANE -- The China-Laos railway and the Vientiane-Boten expressway will provide huge momentum in strengthening Laos' connectivity with the rest of the region, local daily Vientiane Times on Tuesday quoted Acting President of the Lao National Economic Research Institute Sathabandith Insyxiengmay as saying.

The railway and expressway are part of the China-proposed Belt and Road Initiative and in line with the Lao government's strategy to convert the country from being landlocked to land-linked within the region, Sathabandith said. (LAOS-VIENTIANE-RAILWAY)

- - - -

BEIRUT -- Revenues generated by Beirut's port declined by 44.5 percent to 92.4 U.S. million dollars in the first 10 months of 2020 from the same period of 2019, a report said on Tuesday.

The port processed 3.7 million tons of freight in the covered period, down by 36 percent from 5.7 million tons in the same period of 2019, said a report by Lebanon This Week, the economic research publication of the Byblos Bank Group. (Lebanon-Port-Revenues Decline) Enditem

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from