International Monetary Fund: From 3.8 per cent in 2022, the growth in the dynamic Asia-pacific is projected to hike to 4.6 per cent in 2023.
The World Bank report also noted that rising interest rates in developed economies like the United States and Europe will attract investment capital from poorer countries, thereby depriving them of crucial domestic investment.
Steel demand is expected to decline significantly in 2020-21 in line with a projected contraction in the global economy due to the impact of coronavirus pandemic, Tata Steel has said in its annual report.
More than 60 U.N. agencies and international organizations urged governments on Thursday to take immediate steps to address the unfolding global recession and financial crisis wrought by the coronavirus pandemic, especially in the world’s poorest countries. The body has urged respective governments to scrap debt payment in the current scenario.
The National Association for Business Economics in its quarterly outlook says that its panel of 45 economists "believe the positive effects from the Trump tax cuts will quickly fade after the first two years."
India is likely to achieve strong growth over the next decade and will overtake Japan in nominal GDP by 2028, to emerge as the world's third largest economy, says a foreign brokerage report.
The World Bank report says that the overall impact of GST on equity and poverty is likely to be positive.
The International Monetary Fund (IMF) chief Christine Lagarde on Wednesday said that after six years of "disappointing" growth, the world economy is finally witnessing a cheerful "spring".
The International Monetary Fund (IMF) on Tuesday maintained its forecast for global growth in 2016 at 3.1 per cent, saying the subpar trend will continue without determined policy action.
Driven by India's expected GDP growth of 7.7 percent in 2017 and 7.5 percent in 2016, the World Bank on Monday forecasted gradual acceleration in South Asia's economic growth from 7.1 percent in 2016 to 7.3 percent in 2017.
Washington: Growing at the fastest pace, India is projected to grow at 7.5 percent in 2016 and 2017 fiscal as China slows to 6.3 percent in 2016 and 6.0 percent in 2017, according to the
New Delhi: Indian experts forecast a slowing down of the giant Chinese economy during 2016 as Beijing has girded up to implement its decision to scrap the almost four-decade-old one-child norm in the face of
Washington: The Federal Reserve ended weeks of speculation Thursday by keeping U.S. interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets.But at
Washington: Declaring victory over vicious recession, US President Barack Obama has said the shadow of crisis has passed and the world's largest economy has turned the page on years of costly wars as he pledged
New Delhi: The International Monetary Fund has lowered its forecast for global economic growth in 2015, with diminished expectations almost everywhere except the U.S., citing persistent weakness in the eurozone and a broad slowdown in
New Delhi: Oil prices on Monday tumbled to fresh 5.5-year lows under $49 per barrel. The fall comes amid US investment bank Goldman Sachs cutting its price outlook and the ongoing global crude supply glut.Brent
New York: The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether this is
Washington: US President Barack Obama on Friday said that the US continues to outpace most of the world, even as it has been a long road to recovery from the worst economic crisis.“It's been a
Dubai: Positive global trends in shale gas availability will not have an immediate impact on the world economy as the level of energy consumption is rising annually by about 20 per cent globally, experts say.However,
Davos, Jan 27: In order to keep up the recovery momentum in the world economy, International Monetary Fund chief Christine Lagarde today asked countries and their leaders to follow the 'do not relax' principle and
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