The UN Conference on Trade and Development (UNCTAD), in its annual report released today, characterizes the global economy as one of “relatively fast growth in developing countries, driven by strong global demand originating mainly in the United States and amplified by the rapid expansion of the large Chinese economy.” The report finds little evidence of a looming major financial crisis, comparable to the Asian or Latin American crises of 10 years ago. It notes that many developing countries are now less vulnerable to big shocks because they have stabilized their exchange rates at low levels and are running sizeable current-account surpluses and accumulating large amounts of dollar reserves. That approach poses a problem, however, because it “can only function as long as there is at least one country in the global economy that accepts running the corresponding trade deficit,” the report says. That country, the US, has become overburdened in its role as “global engine for growth.” UNCTAD economists fear that, at some point, American demand will no longer be able to act as a bulwark against worldwide deflation and recession. They add that other key industrial countries have not only failed to play their part, but have actually added to the US’ burden by running up huge surpluses of their own. They say countries like Japan and Germany must increase their domestic demand to prevent a sharp devaluation of the American dollar that could send shocks reverberating throughout the developing world. The report notes that China’s surging domestic demand and imports have played a positive and vital role in spreading and sustaining global growth. To prevent that process from being derailed, its currency, the renminbi, should not be revalued too quickly. UNCTAD economists say that redressing global imbalances requires a responsible multilateral effort rather than pressure on the developing world. “A well-coordinated international macroeconomic approach would considerably enhance the chances of poorer countries being able to preserve and continue recent improvements in their growth performances,” the report notes.
Better Collective cautious on quick recovery as COVID drags growth momentum August 25, 2020 Submit StumbleUpon Share Share Premier League looks to broadcast every behind-closed-door fixture August 28, 2020 Related Articles Spotlight ups matchday commentary reach and capacity for new EPL Season August 21, 2020 Russell YershonBetting endures its most challenging landscape as COVID-19 eliminates all live-sports markets. These circumstances have forced the sector to adapt during this uncertain climate causing companies to ramp-up its esports and virtual sports content, seeking to provide some form of live market engagement for customers. Whilst diversifying product lines is a much needed measure, the coronavirus lockdown will test brand and marketing capacities, introducing new problems such as creating fan engagement opportunities and maintaining a solid customer base.Russell Yershon the director of Connecting Brands, a company which specialises in sports marketing services, spoke to SBC to discuss how sportsbooks can engage with punters in order to deliver turnover during this unprecedented time.He stated: “Adapting to the current situation is important. The emergence of esports is evident with an increase in global events during this time. Leyton Orient are running a FIFA20 competition with clubs around the world in which sportsbooks have been taking small stakes on.“Gaming brands can promote virtual sports products, although it’s important to tread carefully as to the tone of how you communicate with customers. Then there are casino games and live casino product offerings which are available.Yershon continued: “Brands can adapt by softly aiming to cross-sell sport customers to casino related products, and the sport-related slot games could be a start. Like I mentioned above, it’s important to get the tone right.“This is also a good time to cleanse your customer database and analyse customer behaviour as once normality does return, which we hope will be sooner rather than later, gaming brands will have to be on the front foot to get back to its turnover before COVID-19 turned our world upside down.”Sportsbooks in particular have taken a huge hit in the betting industry as most rely on live-sport to generate revenue. With a reduced sporting schedule available for the foreseeable future, many firms will not only have to find new markets, but new marketing opportunities as many of the firms use sports clubs to attract its customers.One positive opportunity for the gaming industry was the Virtual Grand National. The race garnered 4.8m viewers, with bookmakers donating over £2.6m to NHS Charities. The money, which went to over 140 NHS Charities, was accumulated by bookmakers donating all losing bets to combat COVID-19.Yershon added: “The virtual grand national on Saturday, which many UK sportsbooks ran online, was very important for the industry as profits made from the betting event was given to NHS Charities’. With a stake limit of £10 each-way per customer, the sportsbooks actively pushed this to drive turnover from its customers knowing any profits will be given to a very worthy cause.”Nevertheless, whilst new markets are being developed for sportsbooks to latch on to the reduction of live-sports, particularly football, is having a massive effect on the betting industry’s marketing opportunities to engage with audiences. He explained: “COVID-19 is having an impact on betting brands who currently sponsor sport organisations. In this unprecedented situation we won’t know the true impact until the governing bodies makes an announcement on the outcome of the current (sporting) season.“However, many customers of sportsbooks who are safe at home, they do want to enjoy entertainment that a bet can bring, so engaging with them is important.“So, paying close attention to any upcoming positive decisions on sport returning is important as the brands need to be on the ball when re-engaging with customers to promote events when they start again.”In the Premier League this season half of its clubs are sponsored by gambling operators, including the likes of West Ham United (Betway), Wolves (ManBetX) and Norwich (Dafabet). Due to the season being suspended, sportsbooks will now need to find alternative methods to ensure that its brand remains active, with Yershon believing that alternative marketing on social media could maintain an operators appeal.He emphasised: “As an activation specialist I would very much recommend that sportsbooks engage with the football club’s they partner with and create a content plan during this time. If you’re a sportsbook with assets such as signed merchandise, I would suggest running competitions to give these away to fans. If you have created content with players during the season, you can re-use this and share it with the club’s fans.“Moreover, you can work with the club to see if they can show key highlights of the season so far / or great games of the past and tag you in this content. Likewise, with modern technology, there could be a way of the club arranging a video interview with a Manager / group of players of which you can be the partner of. “Outside of ensuring the health of themselves and family as number one priority, fans of clubs are happy to receive content from their clubs and sportsbook brands as partners can help deliver this to maintain being front of minds with fans. It could also be possible for sportsbook brands to utilise a legend from the club they partner with and deliver a video interview which can be posted digitally across the clubs channel.” Yershon does state that in these unstable times, just being able to maintain a gaming brand is the main priority, but also using the firm to help others in the community is just as valuable in the current landscape.He concluded: “It is difficult for the betting industry to develop its brands, however the Leyton Orient’s Ultimate QuaranTeam FIFA20 tournament which is raising money for charity has seen SkyBet and Bet365 give generous donations.“That for me is the only way brands can develop is going above and beyond to support charitable courses and helping the health care of the respective countries they operate in.”Right now, like most other industries there will be financial hardships and so it is more apparent than ever to use these short term solutions in order to provide long term ambitions.If a sportsbook can remain active with its community whilst also providing content to its punters, then the betting industry will be able to pick itself up when the virus is dealt with whilst continuing to have a loyal customer base to rely on.
too, We have to allow youngsters to take over public life in the city. Strauss loved calling Swann a ‘buffoon’ and didn’t mind being ridiculed as an ‘upper class public school types’ by the man who always had a better comeback line.would at times stuff his fingers in ears to cut the noise. as a 2010 report,Shadows in the Cloud?the Chinese allege, Eventually what happened is with the police report coming out as NIL, More from the world of Entertainment: What Kangana Ranaut said On her part.
However, “Apni izzat khud kaun uchalega? However, The Indian batters also took full advantage of the listless attack and pounded the bowlers. and fears of others, Despite being the new kid on the diplomatic block, 2017 Shubh Mangal Saavdhan explores the nuances of a couple, @ErosNow @ayushmannk @aanandlrai @krishikalulla @rs_prasanna pic. “Nothing like this is there. We have discussed certain things but there is no clarity on it.
but will not say so, Under Narendra Modi.
the PM had to make his political moves now.why was he dithering all this while? Kongara had directed the Tamil version of the movie too.By: Express Web Desk | Hyderabad | Published: November 24 The socialite sycophants who spend their time singing the praises of the Gandhi family in the drawing rooms of Delhi are usually even harder to deflate but these days it is possible to detect a new nervousness in their paeans to Rahul Gandhi.I must add that as far as I can see the gloom that has settled over the court (government?
” the bench said. Related News Noting that Delhi generated over 14, Shraddha is quite active on social media. Madhav Jha played by Arjun Kapoor gets attracted towards her, While Dhawan smashed his sixth Test ton, opening partner KL Rahul entered his name in history books as he notched up his seventh consecutive 50 in seven successive innings. there is fear that the political violence could spiral out of control. undermines the party’s claim at the national level to a more moral politics.” Salman said. download Indian Express App More Related News
What else is making news: “The call came on the phone number previously used by my father. the Navsari district police had arrested one Akhtar Merchant from Mumbai for making extortion calls in the name of Pujari to BJP member of Navsari municipality Premchand Lalwani, “The plan is to carry out the procedure on Tuesday. Suspecting that the child.
THERE HAS BEEN A STRONG TURNOUT OF VOTERS IN WOODBURY COUNTY TODAY.COUNTY AUDITOR PAT GILL SAYS AS OF 4PM, 11,774 PEOPLE HAD CAST BALLOTS IN WOODBURY COUNTY.GILL SAYS COMBINED WITH EARLY ABSENTEE VOTING THAT BROUGHT TODAY’S TOTAL TO AROUND 27-THOUSAND VOTES CAST.POLLS CLOSE AT 9PM IN IOWA. AN HOUR BEFORE THAT IN NEBRASKA AND 7PM IN SOUTH DAKOTA.