Global Economy

Economists estimate the monthly jobs report from the Bureau of Labor Statistics on Friday will show a 55,000 increase in payrolls after an unexpected dip in July employment

The global economy has weathered the oil shock caused by the closure of the Strait of Hormuz "better than feared" due to various factors, including an investment boom in artificial intelligence, IMF Managing Director Kristalina Georgieva has said. "What started out as a US phenomenon with AI is now becoming a growth engine for the global economy, with other countries ramping up construction of data centres and other infrastructure," Georgieva told journalists on Tuesday. She said the global economy had "weathered the energy shock caused by the closure of the Strait of Hormuz better than we feared" due to a combination of factors, including drawdowns of oil and gas reserves and increases in non-Gulf supply. "And it is enjoying the tailwinds from an AI investment boom, most notably in the US, where both corporate earnings and consumer demand remain strong," Georgieva said ahead of the G-20 finance ministerial meeting in Asheville, North Carolina, next week. She said the global econom

The closely watched consumer price index is seen rising 0.1% in July following a 0.4% decline in the prior month

The global economy is witnessing 'K' shaped growth where the artificial intelligence boom pushes some countries and industries ahead, leaving others behind, Moody's Analytics said on Thursday. In its Global Economy Outlook, Moody's Analytics said it expects global growth to slow to 2.5 per cent in 2026 and pick up to just 2.8 per cent in 2027. It said that booming demand for artificial intelligence has saved the global economy from a sharper slowdown, but geopolitical risks, stretched asset valuations, and volatility in financial markets could easily flip the outlook from slow growth to recession. "The global economy is running at two different speeds. In some segments, growth is holding up better than expected, courtesy of the AI boom. .. But economies and industries less plugged into the AI boom have struggled," Moody's Analytics said. The agency said AI boom has driven a surge in data centre investment, exports in Asia's tech-heavy economies, and stock market valuations across t

IEA chief Fatih Birol says markets are gripped by uncertainty as attacks in and around the Strait of Hormuz threaten oil, gas and fertiliser shipments

Chinese mercantilism has been more globally consequential than any other economic shock or policy choice in reshaping the world this millennium

This year's boom includes the most spent on global deal-making in a six-month period in a decade, but questions persist about whether it can continue

Bank for International Settlements said rising public debt, financial vulnerabilities and uncertainties surrounding the AI boom are increasing risks to the global economy, despite resilient growth

The 2026 oil shock is testing emerging economies, with fuel pricing, exchange-rate flexibility and inflation control set to determine growth outcomes

From Vodafone Idea's financial struggles and Bengal's political tensions to oil market reactions during the Iran conflict, here are the top opinions of the day

Traffic in the strait has all but halted as Iran renews its attacks, striking two vessels on Wednesday; more than 300 ships linked to Iran have passed through the strait since the war began

Whether the twin blows affecting growth and inflation seen in purchasing manager indexes after the first month of the Iran conflict intensified during month two will be a key focus

An immediate instinct is to turn inwards and seek self-reliance. But the world, and certainly India, is too dependent on other countries for that to be an effective strategy

The brunt of the war and persistent geopolitical tensions could vary across countries, with economies dependent on imported energy likely to face a greater impact

Hours after ceasefire talks between the US and Iran failed to make progress, US President Donald Trump announced a naval blockade in the Strait of Hormuz.

RBI’s Monetary Policy Committee says risks from the US-Iran-Israel crisis are rising but India is better placed to handle them.

World Bank chief said governments must balance immediate crises with long-term priorities including job creation, clean water access and electrification

West Asia conflict may disrupt Budget 2026-27 projections, squeezing revenues and raising subsidies, prompting fiscal adjustments and potential reforms, echoing lessons from the Covid-era shock

FM Nirmala Sitharaman says current year even 'more challenging' but India has enough fiscal space

From US foreign policy risks and India's labour data changes to bear market fears and FCRA concerns, today's Best of BS Opinion brings together key insights shaping global and domestic debates