Higher-than-expected oil prices in a scenario where the ongoing Middle East conflict disrupts oil supply would cause lower economic growth and higher inflation, according to Fitch Ratings.
Das said, "The global economy continues to face multiple macroeconomic and geopolitical shocks. The prediction of a global recession has not come true but there are indications that global growth is slowing down amid tightening financial conditions and still elevated inflation. Even as the f
According to the IMF report, this forecast, disclosed in the latest World Economic Outlook, reflects one of the lowest growth rates in decades. The global economy continues to grapple with multiple shocks and the rising cost of living.
In the webinar which was held on Wednesday, TDF President Lord Bruce in his introductory remarks referred to the South Asia region's 'strong fundamentals' due to its young workforce, with Bangladesh a prime example of such strength, with its economic growth (faster than that of India and Sri
Fitch Ratings has upwardly revised the global growth forecast for 2023 by 10 basis points to 2.5 per cent, reflecting surprising resilience so far this year in the US, Japan, and emerging markets excluding China.
India has given importance to global multistakeholder collaboration as a means to tackle common challenges like the climate crisis and shows the path of global harmony and green finance.
Recognising the inter-connectedness and vulnerabilities of the Indo-Pacific region in the face of regional and global challenges, India has committed to maintaining and supporting ASEAN as the epicentre of global growth and to increase concerted efforts in sustaining the food trade supply
The long-term growth and prosperity for all economies is rooted in a functional multilateral system, French Minister delegate Olivier Becht said on Thursday at G20 Trade and Investment Ministers’ Meeting in Jaipur.
London [UK]/Boston [US]/Melbourne [Australia], August 1: Momentum ITSMA today announced the appointments of a new global Head of Research, Brad Bortner, to lead its research practices, and UK-based Chief Financial Officer, Dianne Buchanan.
Global economic growth is below its long-run
“Since we last met in April, the global economic growth is below its long-run average and remains uneven further the uncertainty around the outlook remains high and downside risks to the outlook still persist,” Sitharaman said.
Fitch Ratings has raised the global growth forecast for 2023 to 2.4 per cent from its March estimate of 2.0 and noted that economic activity the world over is holding up better than as was expected.
"To maintain growth momentum, India and the US need a pipeline of talent. On the one hand, the US has top-class educational institutions and advanced technologies. On the other hand, India has the world's biggest youth factory. That is why, I believe that the India-US partnership will pro