LONDON (Reuters) – Goldman Sachs says 2020 global growth will take a modest hit from the outbreak of coronavirus, assuming an aggressive response from authorities in China and elsewhere to bring the rate of new infections down sharply by the end of the first quarter. Annual-average global GDP growth in 2020 will be downgraded by […]
By Joori Roh SEOUL (Reuters) – South Korea’s central bank is expected to keep its policy rate unchanged at a record-low 0.75% when it meets on Thursday but it may ease later this quarter to offset the economic hit from the coronavirus outbreak. Fifteen of 20 analysts surveyed by Reuters expect the Bank of Korea […]
Auckland and Northland businesses are showing increased signs of debt stress as Auckland’s alert level 3 lockdown continues to wind on. Auckland business debt defaults are up 18 per cent this year compared to 2019 in pre-Covid times and Northland business debt defaults are up 12 per cent, according to credit bureau Centrix. Keith McLaughlin. […]
