Page 3 - Economic Slowdown

Slowing GDP growth in India mirrors the trend in top global economies

These are the top five economies in the world, excluding India. India's growth rate has also been slowing after a stellar second quarter, showed data released on Tuesday

Brent oil falls on fears of global economic slowdown, rate hike fears

Oil on Monday rose by more than 1% on optimism over Chinese demand, which analysts expect to rebound this year after COVID-19 curbs that had limited use were scrapped

Year 2023 could witness milder slowdown at the global level, says RBI

The Reserve Bank of India (RBI) has predicted that 2023 would probably be characterised by a milder global slowdown than anticipated earlier, but added that the trajectory remains unpredictable

RBI's approach to help set stage for a soft landing

The RBI's caution on inflation and its relatively hawkish position demonstrate its steadfast commitment to achieving the inflation target of 4%

Our capex increase accounts for global slowdown: Finance secy TV Somanathan

"The government's welfare schemes are quite large, comprehensive, well spread and the emphasis is on implementation rather than on budget provisions"

A balanced Budget against the backdrop of global uncertainties

Tax reliefs are expected to leave more money in the consumers' hands. While the aim is to boost consumption, the extent of the impact remains to be seen

Paypal to cut 2,000 jobs in push to trim costs amid economic slowdown

While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do: Dan Schulman

More glitter: Multi-asset allocation funds burnish gold's safe-haven appeal

Worth its weight in Gold: Saw portfolio increase of 1-6 percentage points in November-December 2022

Give incentives for sectors impacted by economic meltdown: IT leaders

ICEA recommended reducing the inputs of the open cell at zero duty

Dollar hovers around seven-month lows as economic storm clouds gather

Data on Friday showed Japan's core consumer prices in December rose 4.0% from a year earlier, double the central bank's 2% target

Belying slowdown fears, Indian economy's animal spirits move to the right

Prices of finished products rose as firms passed on higher input costs and business expenses

Indian economy to grow at a robust 6.6% in FY24, says World Bank

'Limited spillovers' to Asia's third-largest economy, even as world 'perilously close' to recession

Gold may touch new high of Rs 62,000 this year on back of dollar weakness

Brokerages expect upside on hedging demand amid global slowdown risk

Google staff braces for a cost-cutting drive as budgetary anxiety mounts

A letter signaled how some Google employees are increasingly interpreting recent management decisions as warnings that the company may be angling to conduct broader layoffs

IT majors lowering revenue projections for FY23 amid macroeconomic troubles

HCL's CEO C Vijaykumar recently said that the spending on hi-tech and telecom verticals was lower than expected and with price changes, it is going to be a big macroeconomic challenge

Thanks to Adani, India to rank among 2022's best-performing stock markets

A solid run of earnings buoyed key Indian benchmarks to record levels, making the market larger than the UK

India's economic growth 'extremely fragile', needs support: RBI MPC member

India's economic growth is now 'extremely fragile' and needs all the support that it can get, as private consumption and capital investment are yet to pick up, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Friday. Varma further said out of the four engines of growth for the economy, exports and government spending supported the Indian economy through the pandemic, but other engines need to pick up the baton now. " I like to think in terms of the four engines of growth for the economy: exports, government spending, capital investment and private consumption. "...while exports cannot be the main driver of growth because of the global slowdown, government spending is necessarily limited by fiscal constraints," he told PTI. Observing that experts are waiting for many years for private investment to pick up the slack Varma said that concerns about future growth prospects appear to be deterring capital investment. "The critical question is whether the fourth engine

Pakistan's economic crisis deepens amid growing political turmoil

Though the country managed to avert a default earlier this month, the challenges on the economic front are multiplying with foreign exchange reserves dipping below $7 billion

Ex-RBI Guv Raghuram Rajan predicts difficult year ahead for Indian economy

Rajan also pitched for creating a conducive environment for small and medium-scale industries and giving a push to a green revolution in the field of sustainable energy

Port cargo traffic growth in November slows to 3% amid trade slowdown

Flat cargo numbers since Q2 drag total FY23 growth down to 8.8%