Wholesale inflation in India, based on the Wholesale Price Index, came in at 1.26 per cent in April versus 0.53 reported in March, official data from commerce ministry showed on Tuesday.
Global goods trade is expected to pick up gradually this year following a contraction in 2023 that was driven by high energy prices and related inflation, World Trade Organization (WTO) economists said in a new forecast.
India did not put the burden of rising energy prices on its citizens, when global prices of LPG skyrocketed, and instead followed a citizens first approach, Union Minister for Petroleum and Natural Gas, Hardeep Puri, said on Saturday.
The decades-old Israel-Palestine issue that escalated after the October 7 attack by Hamas on Israel compelled world powers to push diplomatic efforts to contain the conflict and stop it from spreading as the war poses a major risk to the global economy by disrupting supply chains as well as
According to the Macro Poverty Outlook, which was prepared for the recent annual meetings of the World Bank and IMF in Marrakesh, Morocco, prolonged and high inflation in food and energy prices, combined with a lack of substantial economic growth, could lead to social upheaval and negatively
In the second quarter of 2023, after six quarters of registering a deficit, the EU trade balance was back to a surplus level due to declining energy prices, according to a report published by Eurostat, the statistical office of the European Union.
A series of sharp rises in energy and food prices in Pakistan, pushed its weekly inflation up by 1.30 per cent and annualised inflation up to 29.83 per cent, Geo News reported on Saturday citing The News.
New Delhi [India], July 6: The global financial markets have been volatile since the turn of 2020. Events such as the global pandemic, the Ukraine-Russia conflict, US Fed tapering and surges in energy prices have ushered a period of heightened uncertainty, triggering inflationary pressure an
Europe's largest economy's output dropped 0.3 per cent in the first three months of the year, following a 0.5 per cent contraction at the end of 2022, official data showed on Thursday.
The UK economy is expected to avoid a recession and maintain positive growth in 2023, said International Monetary Fund (IMF), attributing it to demand recovery due to declining energy prices.