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World Bank president forecasts "subdued" economic recovery for 2021

And that's if vaccine distribution stays on track, David Malpass says.
"If you only come back 4% this year [in growth for the world economy], you're not back to where you were, even at the end of 2021," World Bank President David Malpass said.
Samuel Corum/Getty Images

In COVID-19 outbreak, IMF urges coordinated action

Mar 5, 2020
The IMF had a call with 189 member countries Tuesday to discuss a coordinated response to COVID-19.
IMF Managing Director Kristalina Georgieva and World Bank Group President David Malpass bump elbows instead of shaking hands at a press briefing on COVID-19 in Washington, D.C., on March 4, 2020.
Nicholas Kamm/AFP via Getty Images

Why U.S. interest rates won’t go negative ... yet

Jul 31, 2019
The Federal Reserve just announced it’s cutting interest rates. But in many parts of the world, interest rates are in negative territory. Given the right circumstances, U.S. rates could go negative, too.
Dan Kitwood/Getty Images

Central banks rush to gold

Oct 4, 2016
Central banks' purchases of the precious metal worry some onlookers.
Central banks are going on a gold-purchasing spree.
Mario Tama/Getty Images

Fed officials touch a market nerve

Sep 12, 2016
Governors offering their (opposing) thoughts spark volatility in markets.
Federal Reserve Board Chair Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee in June.
Photo by Win McNamee/Getty Images

Why junk bonds are back in vogue

Sep 8, 2016
In a search for yield, investors are turning to these relatively risky investments.
Flags fly over the Federal Reserve Building in Washington, D.C. Investors are choosing the route of junk bonds because the Federal Reserve's policy of low interest rates is helping push down yields on safer bonds. 
Mark Wilson/Getty Images

Central banks and avoiding the next financial collapse

Jan 26, 2016
The U.S. is obsessed with finance, here's a look at why it's time for a pivot.
The Federal Reserve building in Washington D.C. 

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