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US economic growth came in slightly under expectations but consumer spending remains strong
While third-quarter GDP came in at 2.8% compared to 3% expectations, 2024 continues to be a strong …
Madison Hoff
Global manufacturing production rapidly moving toward emerging markets like India, says IMF
The International Monetary Fund (IMF), in its latest World Economic Outlook report, has highlighted…
ANI
This tiny country says it will give $500 to every adult as an Exxon oil boom supercharges its economy
Guyana, the world's fastest-growing economy after a huge Exxon discovery, is tapping its oil wealth…
Theron Mohamed
Global semiconductor sector expected to grow due to AI demand, new report says
The global semiconductor market is on track to experience substantial growth in the coming years, w…
The IMF just raised its growth forecast for the US economy this year — but expects a slowdown in 2025
The International Monetary Fund projected US growth of 2.8% this year, falling to 2.2% in 2025, but…
Theron Mohamed
California's economic growth is slipping behind Texas as the Lone Star state draws corporate HQs and people
Texas' economy is growing faster than California's as major companies and residents leave the coast…
Erin Snodgrass
Global government borrowing is set to top $100 trillion — and shows no signs of slowing down
Broader support for more public spending, resistance to tax hikes, and spending pressures have driv…
Theron Mohamed
Goldman Sachs raises China growth outlook on optimism over Beijing's fresh push to revive struggling economy
Goldman Sachs analysts upgraded their growth forecast on China from 4.7% to 4.9% for this year, clo…
Kelly Cloonan
S&P retains India's growth forecast at 6.8%, expects RBI to cut rates in Oct
S&P said the Union Budget in July outlined that the government remains committed to fiscal consolid…
PTI
Global smartphone shipments record 4% growth in Q3 2024, Samsung leads the market
Worldwide smartphone shipments continued to grow in Q3 2024, marking the fifth consecutive quarter …
Russia's economy faces 'near stagnation' with sanctions whittling down annual GDP growth, European economist says
Russia's economy could be losing as much as 3% of its GDP a year due to Western sanctions, a Europe…
Jennifer Sor
Wider Middle East conflict threatens the global economy — when the US and China already face headwinds, experts say
The escalating unrest in the Middle East is a global threat, on top of a US hurricane and a raft of…
Theron Mohamed
India is likely to benefit if Trump wins US elections, per Nomura Global Research
"We see India as a relative beneficiary, due to its domestic demand-driven growth model and benefit…
ANI
India needs to avoid financialization as it marches towards Viksit Bharat goal, says Nageswaran
Financialization is the dominance of financial market expectations trends, and importantly, interes…
PTI
SBI Research anticipates Q1 GDP growth at 7.1%, in line with RBI forecast
Indian economy is expected to grow at 7.0-7.1% in the April-June period, the first quarter of 2024-…
ANI
New govt to inherit strong economy, focus on making India developed nation by 2047
India's world record beating economic growth rate together with robust tax revenues, a fast expandi…
PTI
India's economic momentum stays strong with composite PMI at 60.7 in July 2024: Anand Rathi report
The Services PMI, recorded 60.3 in July 2024, has consistently held above the 60-mark for seven con…
ANI
Cabinet nod for setting up 12 industrial cities to boost manufacturing in Uttarakhand, Punjab, Maharashtra, Kerala and more; outlay Rs 28,602 cr
These industrial areas will be located in Khurpia in Uttrakhand, Rajpura-Patiala in Punjab, Dighi i…
PTI
RBI Governor Shaktikanta Das projects 7.2% GDP growth for 2024-25, reports eased inflation to 5.1% in June
RBI Governor Shaktikanta Das says inflation will moderate from July onwards as the monsoon has impr…
ANI
Global M&A transaction value rises in first half of 2024 despite fewer deals: S&P Report
Global mergers and acquisitions (M&A) have seen a notable increase in total transaction value durin…