Economy Under Recovery

Though the immediate shock has passed, Covid-19's legacy continues to reshape global economies and markets

With the IPEF members concluding the negotiations for fair and clean economy agreements, India should follow a cautious approach while finalising the text of these pacts as new commitments need not restrict its policy space or tax revenue generation abilities, a report said. Think tank Global Trade Research Initiative (GTRI) said in its report that after the conclusion of the negotiations, the IPEF member countries, including India will now do domestic consultations and legal reviews and prepare final texts of the proposed agreements. While doing that, the government needs to "focus on ensuring that new commitments do not overly restrict its policy space or tax revenue generation abilities," it said. This includes careful considerations in areas such as clean economy commitments, labour standards, and agricultural policies, it added. India, the US and 12 other members of the Indo-Pacific Economic Framework for Prosperity (IPEF) have this week concluded the negotiations on the clean

In the month of September alone, Britain's economy grew by 0.2% from August when growth was revised down to 0.1% from 0.2%

World Bank on Sunday advised Pakistan to take internal measures along with help from the international community by implementing economic reforms to recover from the cataclysmic floods

On the monetary side, areas of concern are rising bond yields which indicate potential slippages on the fiscal front