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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   


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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   


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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   


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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…

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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   


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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   


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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   


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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   


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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   


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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 …

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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   


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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   


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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   


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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   


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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   


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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   


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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   


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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   


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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   


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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…

ANI