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Tag: Global Economy

Global Economy Projected To Grow By 4% In 2022, 3.5% In 2023: UN Report
Global Economy Projected To Grow By 4% In 2022, 3.5% In 2023: UN Report

With the highly transmissible Omicron variant of Covid-19 unleashing new waves of infections, the human and economic tolls of the pandemic are projected to increase again.

World Bank
World Bank Downgrades 2022 Global Growth Forecast To 4.1%

The report also noted that the Covid-19 pandemic has raised global income inequality, partly reversing the decline that was achieved over the previous two decades.

Indian Economy Expected To Contract By 9.6%, Global Economy Likely To Expand By 4% In 2020-21: World Bank
Indian Economy Expected To Contract By 9.6%, Global Economy Likely To Expand By 4% In 2020-21: World Bank

Washington: India’s economy is estimated to contract by 9.6 per cent in the fiscal year 2020-21, reflecting a sharp drop in household spending and private investment, and the growth is expected to recover to 5.4 per cent in 2021, the World Bank said on Tuesday. In its Global Economic Prospects report, the World Bank said […]

World-Bank
World Bank Projects Global Economy To Shrink By 5.2% In 2020

Washington: The global economy is on track to shrink by 5.2 per cent this year amid the COVID-19 pandemic, the deepest recession since the Second World War, the World Bank Group said in its latest Global Economic Prospects. Economic activity in advanced economies is anticipated to contract 7 per cent in 2020 as domestic demand […]

Economy
COVID-19 impact: Global economy could shrink by 1% in 2020

United Nations: The global economy could shrink by up to 1 per cent in 2020 due to the COVID-19 (coronavirus) pandemic, and may contract even further if restrictions on economic activities are extended without adequate fiscal responses, according to analysis released on Wednesday by the UN Department of Economic and Social Affairs (UN-DESA). The UN-DESA […]

Moody's cuts India's GDP growth forecast in 2020 to 2.5% amid coronavirus
Moody's cuts India's GDP growth forecast in 2020 to 2.5% amid coronavirus

New Delhi: Amid the global coronavirus pandemic, Moody’s Investors Service slashed its estimate of India’s GDP growth during 2020 calendar year to 2.5 per cent, from an earlier estimate of 5.3 per cent on Friday. It said the pandemic will cause unprecedented shock to the global economy. The estimate for 2020 compares to 5 per […]

Moodys
Global Economy Will Remain Fragile In 2020: Moody's

New Delhi: Global credit conditions in 2020 will weaken as a result of growing risks of an economic downturn, trade policy uncertainty and the effects of an unpredictable political and geopolitical environment, Moody’s Investors Service said on Tuesday. Although Moody’s does not expect a recession in 2020, recession risks are building, the report said. The […]

IMF-MD
IMF warns of economic slowdown in 90 per cent of world

Washington: The new managing director of the International Monetary Fund (IMF) Kristalina Georgieva warned of an economic slowdown in 2019 in 90 per cent of the world during her first speech at the helm of the multilateral organization. “In 2019, we expect slower growth in nearly 90 per cent of the world. The global economy […]

G-20-Summit
14th G20 Summit begins with focus on global economy, multilateral trade

Osaka: The 14th G20 summit began here on Friday, with issues pertaining to the global economy, multilateral trade and development taking the centre stage. During the two-day summit, other issues including employment, women’s empowerment and health will also be discussed, reports Xinhua news agency. Japanese Prime Minister Shinzo Abe welcomed the leaders of the G20 […]

IMF hails upswing in global economic activity

Washington: The International Monetary Fund has hailed the strength of the global economy at the close of the annual meetings of the World Bank Group and the IMF. “The outlook is strengthening with a notable pickup in investment, trade and industrial production, together with rising confidence,” the IMF’s International Monetary and Financial Committee said in […]

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