Page 2 - Economic Slowdown

Rolling the dice on growth

To believe in strong, secular growth, we first need to understand and believe in our growth model

China's slowdown means it may never overtake US economy, forecast shows

That's according to Bloomberg Economics, which now forecasts it will take until the mid-2040s for China's gross domestic product to exceed that of the US

China's economic slowdown alarms international leaders, investors: Report

For the first time in decades, the world's second economy is itself in trouble

US, Chinese commerce officials express support for better trade conditions

US Commerce Secretary Gina Raimondo and her Chinese counterpart expressed support Monday for improving trade conditions as Raimondo began a visit to Beijing as part of U.S. efforts to improve chilly relations. Raimondo follows other American officials, including Treasury Secretary Janet Yellen in July, who have visited China in the past three months. They expressed optimism about improving communication but have announced no progress on disputes over technology, security, human rights and other issues that have plunged relations to their lowest level in decades. For its part, Chinese leader Xi Jinping's government wants to revive foreign investor interest in China as it tries to reverse a deepening economic slump. Beijing is ready to work together to foster a more favorable policy environment for stronger cooperation between U.S. and Chinese businesses and bolster bilateral trade and investment," Commerce Minister Wang Wentao told Raimondo. Wang gave no details of possible ...

China's worsening economic slowdown is sounding alarm bells across globe

Policymakers are bracing for a hit to their economies as China's imports of everything from construction materials to electronics slide

Xi calls for measures to mitigate flooding amid economic slowdown

Chinese leader Xi Jinping has called for measures to mitigate the effects of this year's disastrous flooding which has left scores dead and inflicted massive damage on crops, homes and infrastructure, including in and around Beijing. At least 90 rivers have risen above warning levels and 24 have already overflowed their banks, according to state media, threatening a vast area in northeastern China with flooding, including the Songliao Basin north of the capital, which encompasses more than 1.2 million square kilometres (482,200 square miles) with a population of almost 100 million. As China is still in the main flood season, rainstorms, floods, typhoons and other disasters still occur frequently in many places across the country, the Xinhua News Agency said, summarising conclusions of Thursday's meeting of the party's all-powerful Politburo Standing Committee presided over by President Xi. Participants urged relevant localities and departments to always prioritise the safety of ...

Disinflation spreads across several emerging markets and selloff deepens

In Hungary, which has the highest interest rate in the European Union, inflation dipped below 20% for the first time in 11 months. The government expects the rate to fall below 10% by October

Multidimensional poverty estimates: Is India measuring poverty accurately?

Multidimensional poverty index measures poverty on the basis of parameters such as nutrition, child and adolescent mortality, and maternal health, among others

MSMEs to face headwinds due to economic slowdown in US, Europe: CRISIL

A fifth of the MSME sector by value is expected to witness an increase in working capital requirement this fiscal, the report said

Slowdown in hiring by 7% witnessed in May, tier-2 cities shine: Report

The report also indicates that hiring activity is declining across industries with a 4 per cent month-on-month (MoM) decline. The decline can be attributed to several factors

Slowdown threatens India's booming economy even as its rich keep spending

India grew by 6.1% in the three months ended March compared to a year earlier, well beyond the 5% estimate of economists

JPMorgan hikes India's FY24 GDP forecast to 5.5%; warns of global slowdown

The economy also grew at a better-than-expected 7.2% for fiscal 2023

India's diamond exports sluggish on weak US, China demand amid slowdown

India reported an almost 10% decline in cut and polished diamond exports to $22 billion in the financial year ended March

Impending slowdown

Global uncertainty will affect economic growth

India's commercial realty market resilient amid global headwinds: Experts

Blow to office market due to slowdown, mass layoffs, slow hiring in tech sector is temporary, they say; sector has fared better than other global markets earlier, will do so this time too

Tech layoffs, economic slowdown hampers office space demand in India

Global economic slowdown, tech layoffs and hybrid work have impacted gross leasing of office space in India, as flexible office space providers share reached almost at par with traditional companies

Statsguru: Six charts show an uncertain year amid global headwinds

India is relatively better placed than much of the world.

Start cherry-picking themes that are likely to play out: Andrew Holland

"The first half of 2023 may see earnings come under pressure due to the global slowdown, and the Indian economy taking time to pick up"

PM Mitra parks to boost India's $100 bn textile export goal, says industry

The parks, which are coming up in seven states, are expected to fuel investment once the global slowdown is over

Assessing contagion: 'Little, then lottle', like ketchup coming out of bottle

In every systemic crisis, there are initial soothing noises from regulators and commentators: There won't be contagion. Except that eventually there is contagion more often than not, writes T N Ninan