IMF Downgrades Global Economic Forecast

As governments around the world battle the economic fallout of the COVID-19 pandemic, the International Monetary Fund (IMF) has published a further grim forecast, predicting a 4.9% contraction in global GDP (gross domestic product) for 2020, a lower figure than the 3% forecast in April, CNBC reports. The IMF also downgraded its GDP prediction for 2021, lowering it to 5.4% from the 5.8% forecast in April.

US economy added 128K jobs in October, beating estimates

The U.S. economy added 128,000 jobs in October and the unemployment rate ticked up to 3.6%, according to new data released Friday, overcoming the drag from a monthlong General Motors strike that ended last week.

US economy grew 1.9% in third quarter

The U.S. economy grew at an annual rate of 1.9% for the third quarter of 2019 as businesses slowed their investments and consumer spending declined amid a slowdown in global growth and the trade war with China.

US Economy Grew at Modest 2% Rate in Second Quarter

The U.S. economy grew at a modest 2% annual rate in the second quarter, a pace sharply lower than the 3%-plus growth rates seen over the past year. Many analysts believe growth will slow further in coming quarters as global weakness and rising trade tensions exert a toll.

Israel must be ready to tackle Iran on its own

Israel must ask the international community to stop Iran’s nuclearization but prepare to do the task on its own in case the world fails, Bayit Yehudi leader Naftali Bennett said in an interview with The Jerusalem Post on Sunday.

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