India was never coupled fully with the global economy and so is relatively independent of global markets
'We see a recession coming in the US, recession coming in the UK, in Europe, problems in China, (a) problem in Southeast Asia under the fear of China-Taiwan. So, looking at the overall scene, we focus now (on) India as an emerging market,' says the Hinduja chairman
Next comes the economic decline, and historical parallels suggest this ending in a tragedy, according to his note
Fresh disruption to energy supplies in Europe further raised concerns about the continent's economic outlook following hawkish signals from European Central Bank policymakers.
While the pace of globalisation in the current account has slowed during the past decade or so, the inter-linkages among financial markets are only getting stronger. This will have serious consequences on the real economy, and the solutions are definitely difficult, and unpopular
South Korean behemoths Samsung Electronics Co. and SK Hynix Inc. have signaled plans to dial back investment outlays, while across the East China Sea, the world’s biggest contract chipmaker Taiwan Semiconductor Manufacturing Co. indicated a similar expectation.
After a sizzling July payrolls report that included a larger-than-forecast pickup in hourly earnings, Federal Reserve policy makers remain tilted toward large interest-rate hikes
There’s a distressing geographic breadth to the slowdown. We shouldn’t obsess about what to call it.
Purchasing managers’ indexes for the euro area’s four largest members all indicated contraction, with shrinking confirmed for the region as a whole after an initial estimate on July 22. In Asia, it was China, South Korea and Taiwan that took the biggest hit.
The global economy seems headed towards recession/major slowdown this year which will bring down inflation in India as well. Slumping global growth will, however, make our growth more vulnerable
"Our greatest challenge today comes from Russia," she told a news conference on the resort island of Bali ahead of a meeting between finance ministers from the world's top economies and central bank governors on Friday and Saturday.
Aeroplane metaphors do little to disguise the fact that central bankers are struggling with the inflationary overshoot
Vast debts make the world economy more fragile than it was over 40 years ago
Commerce ministry spokesperson Gao Feng, speaking at a regular news conference, said the U.S. should stop its wrongdoings immediately and contribute to the stabilisation and recovery of global economy.
In the US, consumer spending held up well despite decades-high inflation, and showed more evidence that they’re dipping into their savings to support purchases.
At a time when the world faces twin challenges of energy inflation and energy transition, Indian businesses, too, are looking to make a switch to greener and cleaner fuels
The concern is particularly acute for low-income countries hampered also by high food and energy inflation
A closely watched gauge of the greenback has risen 7% since January to a two-year high as the Federal Reserve embarks on an aggressive series of interest-rate increases to curb inflation and investors have bought dollars as a haven amid economic uncertainty.
The U.S. Dollar Index, which tracks the dollar against six other important currencies, is hovering at levels it hadn’t reached in 20 years.
Even though the EU, US, and UK have consistently tried to hit the Russian economy with hard-hitting sanctions, will global markets be able to withstand the relentless bloodshed or witness a fast-paced and unprecedented transformation?
The direct impact of the Russia-Ukraine war on India’s growth would be limited. However, the indirect consequence via rising inflation sapping consumer confidence, prospective normalisation plans of domestic and global central banks, and lagging investment sentiments could have a more pronounced impact
In a statement, the global lender said the war in Ukraine was already driving energy and grain prices higher, and had sent a wave of more than 1 million refugees to neighboring countries, while triggering unprecedented sanctions on Russia.
On a quarterly basis, growth is forecast to rise to 1.1% in the fourth quarter from 0.2% in July-September.
Given global growth has likely peaked, forecasters have broadly sided with the view shared by many top central bankers that the recent surge in inflation will be transitory, even though their forecasts are drifting higher.
If a coming investment push is inward-looking, it might substitute global trade rather than complement it