Unsurprisingly, warning of another global recession, the World Bank on January 13, 2023 forecasted Pakistan's economic growth to slow further to two per cent during the current year -- down by two percentage points from its June 2022 estimate.
The survey aims to summarise the emerging contours of the current economic environment and identify priorities for further action by policymakers and business leaders
Indian stocks opened the new week's trade marginally higher but concerns over slowing global economic growth continue to remain on the investors' mind.
New Delhi [India], January 11 (ANI/ATK): There is now almost a general consensus among economists and analysts that a recession could set off at any time. Kristalina Georgieva, the head of the International Money Fund (IMF), has also warned that a third of the global economy will experien
Gurugram (Haryana) [India], January 11(ANI/PRNewswire): The wide-scale layoffs over the past few months have impacted thousands of professionals in India. As India's largest Recruitment Process Outsourcing organization, Taggd.in is putting in concerted efforts to help the laid-off profession
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.
The overall economic resilience in the Asia Pacific region is expected to prevent a global recession even though mild recessions are forecast in the US and Europe.
A global recession may have direct and considerable repercussions on the Indian commercial office market as it depends heavily on expansion by global corporates.
New Delhi [India], December 10 (ANI/NewsVoir): RBI has announced a hike in Repo rates for the fifth consecutive time. The difference this time accounts for 35 bps, leading the interest rate from 5.90 to 6.25. RBI has been announcing minimum possible increases in repo rate for the last few mo
Gurugram (Haryana) [India], December 9 (ANI/PRNewswire): Despite the global recession, India is emerging as a beacon of hope, according to a CXO survey by Benori Knowledge, a new-age provider of custom research and analytics solutions. Indian CXOs are overwhelmingly confident about the state