Global Economy

FM calls for multilateral rules as economic penalties have consequences beyond their intended targets

Warning of heightened global turbulence in the coming years from tech disruptions, artificial intelligence and financial risks, Union Minister Ashwini Vaishnaw on Wednesday said India is strengthening its economic and technological resilience to shield its growth from external shocks. Speaking at the Bloomberg New Economy Forum 2026, Vaishnaw -- who is Minister for Electronics and IT, Information and Broadcasting and Railways -- said global technology supply chains would continue to span multiple countries and geographies, but companies and governments would need to repeatedly evaluate their partners and ensure that dependence on a particular country or company did not compromise resilience. Technology will remain a highly globalised field, he emphasised, adding that global value chains will be multi-border, multi-country, and multi-geography, reflecting the nature of the industry itself. "... Strategic dependencies, which are the countries you can trust, which are the places where

For 2027, the IMF predicts 3.4% global growth, ‌flat with the July forecast and up 0.2 percentage point from April

Growth will accelerate to 3.4% in 2027, the fund said Tuesday in its World Economic Outlook

IMF chief Kristalina Georgieva said AI infrastructure investment is supporting global growth despite an energy supply shock

Trump and Xi's talks on tariffs, technology and critical minerals will be the week's pivotal event, with the outcome likely to shape the fragile US-China trade detente

BRICS has economic heft, but tangible gains for members remain limited

The Delhi Declaration for Brics Summit 2026 adopted unanimously as PM Modi called for urgent UNSC reform, stronger Global South representation, and a Brics mechanism to ensure continuity and implement

PM Modi calls for a greater voice for countries driving global economic growth and reforms in the UN Security Council and global financial institutions

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