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2 mins read
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
4 mins read
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
2 mins read
The Fed is likely to disappoint markets with just one more rate cut this year amid global inflation, BlackRock CEO says
BlackRock CEO Larry Fink said the Fed will cut rates just once more this year amid sticky inflation…
Kelly Cloonan
2 mins read
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
3 mins read
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
2 mins read
SBI economists see Q2 GDP growth slowing down to 6.5%; FY25 growth to be closer to 7%
Economists at SBI predict a dip in India's GDP growth to 6.5% for the September quarter, citing pre…
2 mins read
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
3 mins read
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
3 mins read
India's bioeconomy reaches valuation of USD 151 billion, contributes 4.25 percent to GDP: Report
India's bioeconomy has grown to USD 151 billion by the end of 2023, contributing 4.25% to the GDP a…
PTI
2 mins read
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
4 mins read
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
3 mins read
India could lose a quarter of its economy by 2070 – here’s why
India faces significant risks from climate change, including sea-level rise, extreme heat, and seve…
3 mins read
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
3 mins read
Economic Survey 2024: GDP grew by 8.2%, to sustain 7%+ growth momentum, fiscal deficit down to 6.4% of GDP
Gross Fixed Capital Formation, or investments in long-term, value-generating fixed assets increased…
4 mins read
The world prepares for a fresh era of tariffs under Trump 2.0
Trump's protectionist policies sparked a trade war with China during his first term. During his sec…
Polly Thompson
2 mins read
China is boosting market sentiment by playing up hopes for stimulus
Chinese Premier Li Qiang said ahead of the US presidential election that Beijing has "ample space f…
Huileng Tan
2 mins read
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
2 mins read
S&P Global Market raised growth forecast of China, still significantly lower than India
The S&P Global Market Intelligence has upwardly revised GDP forecasts for China in its latest repor…
ANI
2 mins read
Here's an idea: a worldwide universal basic income paid for by a carbon tax. A study found that it could boost the global GDP by 130%.
A global universal basic income funded by carbon taxes could grow the global GDP by 130% while prom…
Katie Balevic
2 mins read
SBI Caps report highlights optimistic outlook for the Indian economy, despite deteriorating global pitch
State Bank of India (SBICAPS) report titled "Maintaining Momentum on a Deteriorating Global Pitch" …