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Donald Trump’s victory in the 2024 election – and his threat to impose tariffs on all imports to the United States – highlights an important problem for the global economy. The US is a technological powerhouse, spending more than any other country on research and development and winning more Nobel prizes in the last five…
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Rising tensions in the Middle East add new uncertainties for the global economy even as policymakers start to congratulate themselves on having steered it out of a bout of high inflation without triggering a recession. Israel, which has been fighting with Hamas in Gaza for almost a year, has sent its troops into southern Lebanon…
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Companies worldwide are lowering full-year sales and profit guidance as higher interest rates and weakness in China’s economy hurt global consumer sentiment, taking the shine off earnings growth in the latest quarter. A number of high-profile companies have underwhelmed investors, including McDonald’s, automakers Nissan and Tesla, and consumer giants Nestle and Diageo. With roughly 40%…
Read More “So far, global earnings are just good enough to feel disappointing” »
“Global activity and world trade firmed up at the turn of the year, with trade spurred by strong exports from Asia,” the IMF said. Image for representation. | Photo Credit: AP The International Monetary Fund (IMF) held global growth expectations for 2024 steady in a report on July 16 even as it cut forecasts for…
Read More “IMF maintains 2024 global growth forecast, warns of inflation risk” »
The report is based on policy development research and surveys with leading economists New Delhi: A majority of the world’s leading economists believe the global economy will either strengthen or remain stable in 2024, according to the World Economic Forum (WEF). The latest edition of the Chief Economists Outlook presents a cautiously optimistic view of…
European Central Bank (ECB) headquarters in Frankfurt, Germany. File | Photo Credit: Reuters The euro has resisted falling to parity with the dollar for now, thanks to a rosier economic backdrop, to the relief of European Central Bank policymakers who could be struggling to detach themselves from the Federal Reserve’s monetary policy outlook. Just a…
Read More “Recovering euro keeps dollar ‘gorilla’ from scuppering ECB rate outlook” »
“I see India as Asia’s Silicon Valley and the UK as Europe’s Silicon Valley,” London: UK Prime Minister Rishi Sunak on Monday cited India’s rise as an ‘economic superpower’ as he pledged to create a dynamic, innovative economy fuelled by technological progress. Insisting that “more will change in the next five years than in the…
Read More “Economic Superpowers Like India Reshaping Global Economy: Rishi Sunak” »
“I see India as Asia’s Silicon Valley and the UK as Europe’s Silicon Valley,” London: UK Prime Minister Rishi Sunak on Monday cited India’s rise as an ‘economic superpower’ as he pledged to create a dynamic, innovative economy fuelled by technological progress. Insisting that “more will change in the next five years than in the…
Read More “Economic Superpowers Like India Reshaping Global Economy: Rishi Sunak” »
Russia’s state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers, two sources said, as Moscow seeks to facilitate trade with India amid Western sanctions. A raft of sanctions by the U.S. and allies against Moscow over its Ukraine invasion, along…
Read More “Russia reinsurer backs firms to get India marine insurance permit” »
The International Monetary Fund on January 30 edged its forecast for global economic growth higher, upgrading the outlook for both the United States and China — the world’s two largest economies — and citing faster-than-expected easing of inflation. The IMF’s chief economist, Pierre-Olivier Gourinchas, said the global lender’s updated World Economic Outlook showed that a…
Read More “IMF says global ‘soft landing’ in sight, lifts 2024 growth outlook” »