Anaemic growth will hurt global trade

London (Bloomberg): Global trade in goods will likely stay weak in coming months as disruptions from coronavirus in China staunch the movement of international commerce already slowed by tariffs and uncertainty, according to the World Trade Organization. The Geneva-based body’s latest forward-looking Goods Trade Barometer stood at 95.5, compared with a level of 96.6 in […]

How coronavirus will hurt UAE, Gulf economies if not contained soon

Dubai: Economies of the UAE and other Gulf states will be adversely impacted by the coronavirus outbreak in China, according to Standard & Poor’s. Analysts at the rating agency said they expect the implications to weigh on the region’s growth prospects, given the importance of the Chinese economy to global economic activity. China contributes between 4 per cent and […]