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
Congress National President Mallikarjun Kharge on Thursday took potshots at the ruling Bharatiya Janata Party (BJP) citing unemployment data published by a private firm, CMIE.
According to a JP Morgan report, the US economy has displayed resilience, but the risk of recession remains. The third quarter showed signs of optimism with easing inflation and robust economic growth.
Amid the concerns of a looming recession, the European Central Bank (ECB) on Thursday put a hold on interest rates, marking the first instance when the rate was not raised in the last 15 months after record 10 hikes, CNN reported.
New Delhi [India], October 19: 2022 and 2023 have been years of recession worries and crypto skepticism but "Despite market conditions tightening in 2023, we have seen consistency in Web3 project launches", says Adam De Cata of NFT Tech. In fact, in 2022 and Q1 2023, as much as 526 new Web3
The US economy is unlikely to enter into a recession in 2023, minutes of the Federal Reserve’s July monetary policy review meeting showed, and noted that spending and real activities had improved after the banking crisis experienced earlier this year.
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
"I've been hearing every month there's going to be a recession next month. The consensus is: Two-thirds of the economists and the major leaders in the banks think we're not going to have a recession. I don't think we will either," the US President said during a briefing.
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.
Indian stock indices traded positively on Wednesday morning, tracking firm cues from overseas peers and indications that the US may avoid a recession. Sensex and Nifty were 0.2-0.3 per cent higher at the time of writing this report.
India's overall exports, both merchandise and services combined, in May 2023 are estimated to be USD 60.29 billion, about a 6 per cent decline over May 2022, official data revealed on Thursday.
New Delhi [India], June 7: From its very inception, Futurz Group has thrived on innovative thinking and a willingness to step outside the box. Established in 2008, the company emerged as a pioneering force in the staffing industry, providing a much-needed solution during a challenging recess