Page 2 - Latest Updates on Macroeconomics
Poor performance of public entities a risk to fiscal outlook: Pak FinMin
In recent years, the inflation rate in Pakistan has been volatile, influenced by various factors like currency devaluation, energy, and food prices in the global market
 "Poor performance of public entities a risk to fiscal outlook: Pak FinMin")
IT firms' growth in Q1 FY24 lowest in 10 qtrs, slowdown to get worse: ICRA
Order book and deal pipeline of most companies remain strong, says ratings agency
 "IT firms' growth in Q1 FY24 lowest in 10 qtrs, slowdown to get worse: ICRA")
Macroeconomic, geopolitical conditions pose risks to organisations: Survey
According to the survey of the World Economic Forum's Chief Risks Officers community, more than 85 per cent of CROs expect some level of continued volatility
 "Macroeconomic, geopolitical conditions pose risks to organisations: Survey")
BFSI, tech clients spending more on cost-optimisation deals: Wipro chairman
Macroeconomic environment remains challenging, impacting client spending: Rishad Premji
 "BFSI, tech clients spending more on cost-optimisation deals: Wipro chairman")
Weak discretionary spend likely to weigh on IT cos' revenue in Q1
BFSI, telecom feel the pinch; Ebit margin too may shrink
 "Weak discretionary spend likely to weigh on IT cos' revenue in Q1")
FPIs invest Rs 37,316 cr in May on strong domestic macro fundamentals
Foreign Portfolio Investors (FPIs) have pumped Rs 37,316 crore in Indian equities in May so far, primarily due to strong macroeconomic fundamentals and reasonable valuation of stocks
 "FPIs invest Rs 37,316 cr in May on strong domestic macro fundamentals")
Private equity inflows plunge over 75% to $2.2 bn in March quarter: Report
At $2.2 billion of inflows, this is the lowest private equity investment in the country since 2018, when it stood at $1.7 billion
 "Private equity inflows plunge over 75% to $2.2 bn in March quarter: Report")
Japan books $16.6 bn current account surplus for 2nd consecutive month
Japan logged a current account surplus of $16.6 billion in February, the Finance Ministry said in a report on Monday
 "Japan books $16.6 bn current account surplus for 2nd consecutive month")
Global cellular IoT module shipments grew by 14% in 2022, says report
Global cellular IoT module shipments grew 14 per cent (year-on-year) in 2022 to register a record high annual volume, despite macroeconomic headwinds, a new report said on Wednesday
 "Global cellular IoT module shipments grew by 14% in 2022, says report")
G20 Framework Working Group meeting to discuss macro-economic issues: CEA
India along with the United Kingdom would play a 'facilitator role' in discussing the issues with member countries during the two-day summit, he said
Strong macroeconomic trends improve credit quality of finance cos: S&P
The credit quality of Indian finance companies will continue to improve owing to the country's strong macroeconomic trends, said S&P Global Ratings.
 "Strong macroeconomic trends improve credit quality of finance cos: S&P")
India's macro stability indicators to improve in FY24: Morgan Stanley
"We expect CPI inflation to average 5.5 per cent (6.7 per cent in F23 estimates) and the current account deficit to track at 2.5 per cent of GDP in F24 (2.9 per cent in F23 estimates)"
 "India's macro stability indicators to improve in FY24: Morgan Stanley")
Top VC firms reduce investments in India amid macroeconomic uncertainty
With late-stage funding rounds becoming tougher, they are focusing more on due diligence, profitability path, governance and early entry into companies at lower valuations
 "Top VC firms reduce investments in India amid macroeconomic uncertainty")
Certainly, uncertainty has declined
Over the past year, global macroeconomic stability has improved, which sets the stage for good growth from 2024
 "Certainly, uncertainty has declined")
Prioritising stability over growth
The backdrop of the Budget augurs well for the government, but a closer look calls for a cautious approach
 "Prioritising stability over growth")
Global macro headwinds may moderate growth for Indian IT industry: Icra
The industry is also grappling with a surge in employee attrition in recent times, led by the demand-supply gap, especially for digital tech talent
 "Global macro headwinds may moderate growth for Indian IT industry: Icra")
Global smart home devices market may shrink 2.6% to 874 mn units in 2022
Worsening macroeconomic conditions have led to a reduction in the outlook for global smart home device shipments
 "Global smart home devices market may shrink 2.6% to 874 mn units in 2022")
Govt committed to macroeconomic fundamentals, financial stability: FinMin
The government remains committed towards strong macroeconomic fundamentals and financial stability despite global headwinds, a finance ministry report has said
 "Govt committed to macroeconomic fundamentals, financial stability: FinMin")
Foreign outflows, weak IT sector stocks weigh on benchmark indices
Sensex declines in 4 out of 5 sessions in the week, Nifty50 in 3 sessions
 "Foreign outflows, weak IT sector stocks weigh on benchmark indices")
India will work to promote universal sense of one-ness as G20 President: PM
"During our G20 Presidency, we shall present India's experiences, learnings and models as possible templates for others, particularly the developing world," the Prime Minister said
 "India will work to promote universal sense of one-ness as G20 President: PM")
