The multilateral institution was more optimistic about the coming year, as it projected the economy to grow 6.5 percent in FY26 and 6.7 percent in FY27 on the back of robust services activity leading to higher exports
The ratings agency flagged geopolitical stresses as potential downside risk to its global forecasts, citing India-Pakistan tensions and the China-Philippines' flare-up in the South China Sea among others
A Moneycontrol analysis shows that tariffs are expected to shave off nearly as much from US’ growth estimate as the onset of the housing crisis did in 2008
Fitch Ratings has sharply lowered its forecast for world growth in response to the severe escalation in the global trade war
Monetary easing and robust public spending to support growth in 2025
The World Bank had projected the economy to grow 6.7 percent over the next two fiscal
Forewarned isn’t always forearmed. Is there a better way to consider the future?
The ADB projected slower growth for the next fiscal as well, with forecasts lowered to 7 percent from 7.2 percent it had estimated in September
Reserve Bank of India, in its latest review, kept the FY25 forecast unchanged at 7.2 percent, projecting 7.4 percent growth in the second half of the fiscal
Inflation is also projected to be higher at 4.5 percent compared with 4.3 percent projected in May
Growth estimate for 2025 also raised to 6.6 percent on back of expectations of strong performance of private consumption
The Asian lender projected the economy to grow faster at 7.2% in FY26; inflation to decline to 4.6% in FY25 and 4.5% in FY26
Higher growth from previous year and improving private consumption prompt upward revision
The government expects growth to accelerate to 1.6% next year.
The World Trade Organization (WTO) has also projected a growth of 3.5 per cent in global trade this year, as against the April estimate of 3 per cent.
The Asian Development Bank has also lowered the growth forecast for FY24 by 80 basis points to 7.2 percent
Shares in the global delivery firm tumbled more than 16% after it also reported revenue and profit for the first-quarter ended Aug. 31 that missed Wall Street targets. S&P 500 futures fell on Thursday as FedEx added to worries about a slowing global economy.
The brokerage cited the recent buying spree by foreign portfolio investors, pumping in more than Rs 44,000 crore in this month
Industry majors from Intel Corp to Lenovo Group have warned of a slump in the personal computer market after a two-year boom during the pandemic, with research firm Gartner estimating shipments would drop 9.5% in 2022.
Shares of the pandemic darling fell 7% in extended trade after it reported its slowest quarterly revenue growth on record at 8%, as people switched to in-person meetings from virtual conversations.
The company that owns Coach and Kate Spade also issued an sales outlook for the year that fell a bit short of Wall Street expectations, sending its shares lower on a day when broader markets bounced higher.
The fleet expected to be ordered by Indian airlines would comprise of 1,770 new small and 440 medium and large aircraft, Head of Airline Marketing India and South Asia, Airbus, Brent McBratney said at WING INDIA 2022 in Hyderabad.
The weather office said the low-pressure area was formed on Monday and now lies over coastal Odisha and adjoining northwest Bay of Bengal.
A healthy monsoon would mean one less thing to worry about and could mean a faster recovery
Global financial services major Nomura has revised upwards India's CAD forecast to 1.4 percent of GDP for the current fiscal from 0.4 percent earlier.