Naqvi said constructive, conducive and calculated economic reforms and decisions have proved to be a milestone in ensuring the country's economic, social and strategic security.
In China, growth is projected at 4.3 per cent in 2023--0.9 percentage points below previous forecasts. The second-largest economy in the world is now falling back in the race.
According to the World Bank's latest Global Economic Prospects report, global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia's invasion of Ukraine.
Given fragile economic conditions, any new adverse development such as higher-than-expected inflation, an abrupt rise in key interest rates to contain it, a resurgence of the Covid-19 cases, or escalating geopolitical tensions could push the global economy into recession.
Bangladesh PM Sheikh Hasina on Sunday said she accepted leadership of the Awami League in view of the global economic situation, The Daily Star reported.
G20 is the premier forum for international economic cooperation representing around 85 per cent of the global GDP, over 75 per cent of the worldwide trade, and about two-thirds of the world population.
Seoul [South Korea], December 12 (ANI/Global Economic): Foreign investors have bought domestic stocks and bonds for 2 consecutive months due to expectations for the US Fed to scale back the pace of its interest rate hikes and higher sales performance of major companies.
On these lines, "Politics of shortcuts will never help anybody. What is needed is a long-term and holistic model of development which empowers people," Prime Minister Modi said in Nagpur while inaugurating 11 projects on Sunday.
The G20 Finance Track, led by Finance Ministers and Central Bank Governors of G20 countries, focuses on economic and financial issues. It provides an effective forum for global economic discourse and policy coordination. The First Finance Ministers and Central Bank Governors Meeting will be
Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal on Thursday said that India will have to face global competition effectively to achieve the goal of becoming a prosperous and developed nation.
Although the South Korean economy continued to grow for nine consecutive quarters since March 2020 (2.3 per cent), the growth rate has decreased to a half of the second quarter (0.7 per cent). In particular, trade balance has significantly decreased. Exports increased 1.1 per cent due to dec