World Economy

Some important bellwethers of global commerce are looking better

Latest 'Global Recession Watch' report evaluates world economies, highlights optimism and concerns

The report, revealing both optimism and concerns, coincides with official declarations of recession in two major global economies - Japan and the United Kingdom.

Stocks get tech sparkle; dollar steadies as investors assess rate outlook

The dollar was holding around its highest in three months, buoyed by the fact that investors are banking on far fewer rate cuts this year than they were just weeks ago.

India to be world's third-largest economy by 2032, largest by end of the century: CEBR

India, emerging as the third and "eventually the largest economic superpower", is anticipated to have a GDP "90 percent larger than China’s and 30 percent larger than that of the US" by 2100, CEBR stated in its report.

Charting the global economy: Festive cheer for Fed as US inflation softens, BOJ sticks with negative rates

World’s five largest container liners — with 65% of global capacity — have suspended transits through the Red Sea. This means higher shipping costs and longer delivery timelines. How will this affect inflation in Europe?

China is starting to get serious about stimulus

By allowing the deficit to exceed the traditional limit of 3% of GDP, China's legislature green lit a notable boost in spending. Now the annual growth target of around 5% appears very doable

India’s growth a global standout with China slowing and US recession still likely

World Bank projections reinforce India’s position as a global growth engine. The world will lean heavily on India to pull the global economy in an uncertain period

Global Finance chiefs to plot escape routes for world economy

In the US, President Joe Biden and congressional Republicans are locked in a staredown over raising the $31.4 trillion borrowing limit. Meantime, the deepest US banking stress since the 2008 financial crisis is starting to squeeze lending.

India races to get richer before it gets older as Indians outnumber Chinese

India needs to advance on four broad fronts — urbanisation, infrastructure, up-skilling and broadening its labour force, and boosting manufacturing — to fully cash in on its demographic dividend and reshape the global economy in the process

China Property Sales: Housing market recovery is lucky for distressed developers

Homebuyers are coming back. The real estate industry, which accounted for as much as one-quarter of China's GDP can breathe a sigh of relief. Of the 70 major cities tracked by the government, 55 had price increases in February, versus only 15 in December

US economy may be heading to a place that must not be named

Beneath the hood of Fed forecast it’s clear that central bank policymakers recognize that there is a good chance of a sharp slowdown soon.

Sri Lanka Debt Crisis: It would be sheer folly to underestimate China's machinations

India and other bilateral creditors continue to worry about China striking a separate deal with the island nation which would enable it to convert a portion of the bilateral debt into a commercial debt

2021-30: Lost decade for the world economy?

We are seeing almost halving of the growth rates from 6 percent levels in 2000-09 to 3.2 percent levels in 2020-24. The share of countries with slower growth than in the previous decade has increased to 73 percent in 2010-21 from 44 percent in 2000-10

Shock of war hits a world economy at the crossroads

Most immediately, the war added new uncertainties to the economic trauma of a COVID-19 pandemic that had already led to record rises in public debt, inflation-fuelled cost-of-living crises, and labour shortages in essential sectors.

India a 'bright spot' in world economy right now: Top UN economist

These remarks were made by the Chief of the Global Economic Monitoring Branch, Economic Analysis and Policy Division, UN-Department of Economic and Social Affairs Hamid Rashid.

China boost for flagging world economy looks closer as reopening begins

The growth impulse will be felt through services sectors such as aviation, tourism and education as Chinese people pack their bags for international travel for the first time since the pandemic

Moneycontrol Pro Weekender | Fingers crossed

Price pressure globally may be showing a downward trend, but the global economy is still not out of the woods yet

Ten charts that show world economy’s turbulent course over 2022

The cost of living soared all over the world in 2022. Pandemic price pressures, dismissed as transitory, turned out to be enduring with Russia’s war in Ukraine causing a fresh spike in food and energy costs.

Putin acknowledges Russia's war in Ukraine could be a long one

In his remarks Putin said the risk of a nuclear war was growing - the latest in a series of such warnings apparently meant to deter Kyiv's Western backers from more robust involvement - but that Russia would not threaten recklessly to use such weapons

World economy faces more pain in 2023 after a gloomy year

Instead, 2022 was marked by a new war, record inflation and climate-linked disasters. It was a "polycrisis" year, a term popularised by historian Adam Tooze.

US jobs report may show subtle progress, Euro Zone reels under double-digit inflation

The income and spending report for the US is forecast to indicate a softening in core inflation for October. While simmering down, the annual pace is still more than twice the central bank’s goal

Humbled central bankers scale back their ambitions

US Federal Reserve Chair Jerome Powell acknowledged in June that “with the benefit of hindsight, clearly we did” underestimate inflation.

Rishi Sunak to become the next UK prime minister after months of turbulence

The first real test of unity will come on October 31, when finance minister Jeremy Hunt - the fourth person in the role in four months - is due to present a budget to plug a black hole in the public finances that is expected to have ballooned to up to 40 billion pounds

Fed to hike by 75 bps again, should pause when inflation halves: Reuters poll

Its most aggressive tightening cycle in decades has brought with it ever bigger recession risks. The survey shows a median 65 percent probability of one within a year, up from 45 percent

State of the global economy: Of price rise, rate hikes, and wait for a new leader

Rising inflation, spiralling borrowing costs and a seemingly impending recession are in store as the UK awaits a successor to Liz Truss