In India, a key emerging market economy, analysts are pointing out that loosening monetary policy through interest rate cuts in the US amid weak growth projections could drive in investment inflows into India.
With growth recovering faster than expected, the UK economy is approaching a soft landing, following a mild technical recession in 2023, said the International Monetary Fund (IMF).
After the IMF's World Economic Outlook forecast that India is set to remain the fastest-growing among major economies in 2024, experts hailed the IMF projections and highlighted that the Indian economy is set to become third largest in the world soon.
Japan's economy has contracted unexpectedly, pushing the country into recession and causing it to lose its position as the world's third largest economy to Germany, reported CNN.
Further underscoring the mounting challenges faced by the Chinese economy, the consumer prices slid deeper into deflationary territory last month, suffering the biggest drop since the global recession in 2009.
New Delhi [India], February 7: The year 2023-2024 witnessed an unprecedented wave of layoffs across various sectors, underscoring the volatile nature of the global economy. This turbulence has not spared the legal profession, a field where a significant portion of the workforce operates on a
Amid the growing unemployment and housing crisis in Canada, Immigration Minister Marc Miller on Saturday said in the next few months, he will be looking at the possibility of putting a cap on the number of international students living in the country, CTV News reported on Saturday.
Mumbai (Maharashtra) [India], January 4: Dr. K. V. Srinivasan, the newly elected President of the 119-year-old International Textile Manufacturers Federation (ITMF), Zurich, Switzerland, which represents the entire textile value chain across the world, has stated that the global textile indu
The overarching theme suggests a shift towards a soft landing rather than a recession, supported by falling US inflation and prospects for a more accommodative Federal Reserve policy.
As the world looks ahead to 2024, a measured sense of optimism permeates discussions about the upcoming year. The spectre of a severe recession in the United States seems to have abated, and a "soft landing" is anticipated even in the wake of aggressive interest rate hikes.
According to Fitch Ratings, the report highlights the resilience of global growth in 2023, driven by the normalization of consumption in China and a resurgence in US growth.