World bank warns of sharp decline in global economic growth with high-level debts
The global growth is expected to decelerate "markedly" to 4.1% in 2022 from 5.5% last year, and drop further to 3.2% in 2023 as pent-up demand dissipates and governments unwind massive fiscal and monetary support provided early in the pandemic.
Jan 11, 2022, 21:26 PM IST
World sees India as reliable, trustworthy partner: Commerce and Industry Minister Piyush Goyal
Commerce and Industry Minister Piyush Goyal on Friday said that the world sees India as a trusted and reliable partner, and has more confidence in India’s capability to provide quality products and services on time.
Jul 02, 2021, 21:15 PM IST
Global economy expected to expand 5.6 per cent in 2021, says World Bank
Among major economies, US growth is projected to reach 6.8 per cent this year, reflecting large-scale fiscal support and the easing of pandemic restrictions. Growth in other advanced economies is also firming, but to a lesser extent.
Jun 08, 2021, 19:15 PM IST
DNA: How the world is struggling but Chinese economy is booming?
In this segment of DNA we will analyse, how the world is struggling but the Chinese economy is booming.
Apr 09, 2020, 23:06 PM IST
IMF keeps global growth forecasts; China, eurozone revised higher
In its updated World Economic Outlook, the IMF said global gross domestic product would be 3.5 percent in 2017 and 3.6 percent in 2018.
Jul 24, 2017, 11:09 AM IST
WEF 2017: World economy improving, but be wary of 'black swans'
As the annual talkfest of the rich and powerful from across the world reached its last day here, top economic leaders felt the global economy is improving though mostly on internal factors even as they warned of new 'black swan' events post elections in various countries.
Jan 20, 2017, 18:19 PM IST
China's contribution to world economy to be 30% in next 5 years
The transition of China's economy would become an important driver of global economic growth, the Global Times quoted Chi Fulin, director of the China Institute for Reform and Development, as saying.
Oct 30, 2016, 13:44 PM IST
Disasters cost world economy $71 billion in first half of 2016: Swiss Re
From earthquakes in Japan to wildfires in Canada, disasters cost the world economy $71 billion (62 billion euros) in the first half of the year, reinsurer Swiss Re said on Thursday.
Aug 18, 2016, 19:12 PM IST
Global Economy Weekahead: Global monetary taps still open wide, Fed minutes in focus
The glue binding a still-aggressive global monetary policy response to a struggling world economy and almost daily record highs for world stock markets along with record low bond yields is set to remain intact in the coming week.
Aug 12, 2016, 20:05 PM IST
India seen to grow faster than emerging market peers
With RBI Governor Raghuram Rajan announcing his plans to return to academia and the referendum in Britain voting to leave the EU, the world, it seems, has become more uncertain and risk-prone.
Jun 28, 2016, 10:34 AM IST
Japan shares G-7 push for inclusive growth with Asia, Africa
Japanese Prime Minister Shinzo Abe is sharing a push by the Group of Seven advanced industrial nations to promote inclusive growth across the globe in meetings with leaders of seven developing countries.
May 28, 2016, 09:38 AM IST
World economy is an 'urgent priority': G7 leaders
Group of Seven leaders on Friday said that pumping up the world economy was an "urgent priority", but left the door open for a go-your-own-way approach in a sign of lingering divisions over how to boost growth.
May 27, 2016, 09:00 AM IST
G20 ministers face pressure on economic growth, tax evasion
Finance ministers of the world`s top economies face pressure to do more for global growth and crack down on tax evasion when they gather Friday during the spring meetings of the IMF and World Bank.
Apr 15, 2016, 15:44 PM IST
India ray of hope in world economy; Govt committed to poor: PM
Prime Minister Narendra Modi on Saturday said if there was a ray of hope in the world economy, it was India, as he asserted that his government was committed to transform the lives of the poor and villages.
Feb 27, 2016, 19:46 PM IST
Francois Hollande declares economic emergency in France
French President Francois Hollande Monday pledged to redefine France's business model and declared what he called "a state of economic and social emergency," unveiling a 2-billion-euro (USD 2.2 billion) plan to revive hiring and catch up with a fast-moving world economy.
Jan 18, 2016, 19:14 PM IST
Key bank warns against `uneasy calm` in global markets
The BIS -- known as the central bank of central banks -- made the call in its quarterly report which is closely watched by investors.
Dec 06, 2015, 19:06 PM IST
India a bright spot in slowing world economy: IMF chief
IMF chief Christine Lagarde has said that global growth will likely be weaker this year with only a modest acceleration expected in 2016 but India remains a bright spot.
Oct 01, 2015, 08:55 AM IST
India can replace China as driver of global growth: FM Jaitley
Seeing an opportunity in the recent turmoil in global equity and currency markets, Finance Minister Arun Jaitley Thursday said India, with 8-9 percent growth rate, can replace China as the driver of world economy.
Aug 27, 2015, 16:44 PM IST
Global stocks rout on investors' fears over world economy
World stock markets were hammered with heavy losses on Friday, as China`s economic woes triggered European and Wall Street equity sell-offs and stirred up fears for global growth.
Aug 21, 2015, 23:12 PM IST
Global economy: Second half of 2015 begins on shaky note
The global economy started the second half of the year on shaky ground as business activity in the euro zone was weaker than expected and China`s vast factory sector appeared to be contracting at the fastest pace in 15 months in July.
Jul 24, 2015, 15:27 PM IST
