World economic growth slows to 5.9 percent
News_Code: 355497 10/20/2021 11:12:40 AM
World economic growth slows to 5.9 percent
The International Monetary Fund (IMF) said in a new report that it estimated that global average economic growth in 2021 had fallen to 5.9 percent, down 0.1 percent from the previous estimate.

The International Monetary Fund expects global average economic growth next year to fall below this year and reach 4.9 percent. The agency reiterated the need for vaccination, noting that the disruption caused by the Corona will continue, especially in the foreign trade sector.

The possibility of passing a global tax on corporate income has greatly affected the willingness of investors to buy their shares. The minimum corporate income tax is set to rise to 15 percent from next year. In addition to tax concerns, there are concerns about the cyber security of companies and their vulnerability to hacking. Elon Musk also announced the transfer of the company's headquarters to Texas after a dispute with California officials.  

Unemployment in the world's largest economy is expected to fall again to 4.8 percent by the end of September. The unemployment rate, which was 0.4 percent lower than the previous month, is the lowest in the country in 18 months. The US unemployment rate has continued to decline since April last year when the US unemployment rate reached a record 14.8 percent. During this period, the unemployed population decreased significantly to eight million and 210 thousand people compared to the previous month.

In the first week of October, the number of applicants for unemployment benefits in the United States fell by 38,000 to 326,000, which gave some market participants hope that the situation would improve, at least in the labor market. The decline came as the figure was expected to reach 348,000. The average number of weekly applicants for unemployment benefits in the United States was about 200,000, a figure that rose rapidly after the Corona outbreak.

So far, more than 241 million 718 thousand 854 cases of Corona have been reported, among which 4 million 917 thousand 498 people have lost their lives. Among different countries, the highest casualties were related to the United States with 744,688 people, Brazil with 603,324 people, India with 452,485 people, Mexico with 284,381 people and Russia with 224,310 people.