Focus: IMF economic forecast and US bank earnings

SourceArab News
SectorFinancial Services
CountryMiddle east

Focus: IMF economic forecast and US bank earnings Focus: IMF economic forecast and US bank earnings A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in Manhattan, New York, US. (File/Reuters) Short Url Focus: IMF economic forecast and US bank earnings Updated 16 October 2020 Follow @arabnews The week that was: The IMF and the World Bank held their annual meetings virtually. G20 finance ministers and the multilateral lenders agreed to extend the Debt Service Suspension Initiative (DSSI) through June 2021, suspending the payment of interest and principal. The world’s 79 poorest countries are eligible to join the DSSI. A second wave of the coronavirus disease (COVID-19) pandemic reaching Europe and the US and a lack of agreement on a US stimulus package has been affecting global markets. US first-time jobless claims rose to ...read more...