Page 2 - Global Economic Recovery

Global recovery is sending flares as manufacturing takes a hit in Asia

All the attention devoted to inflation slaying is muting some disturbing signs on the growth side of the equation

Biggest ever fall in economic confidence: ACCA and IMA's economy survey

Weak worldwide economic growth looks likely for the rest of 2022, according to the latest edition of the Global Economic Conditions Survey (GECS) from ACCA and IMA

World Bank downgrades 2022 global economic growth forecast to 4.1%

The global economy is on track to grow by 4.1 per cent in 2022, down 0.2 percentage point from a previous projection, the World Bank Group said in its latest Global Economic Prospects release.

IMF chief calls on global cooperation on pandemic, economic recovery

Kristalina Georgieva, managing director of IMF, called on global cooperation to control the Covid-19 pandemic and support the economic recovery

Omicron can hit confidence, dent global growth projections: IMF chief

Omicron has spread rapidly to at least 40 countries since it was first reported in South Africa last week, officials say, and many governments have tightened travel rules to try to keep it out

Goldman Sachs, others raise India's FY22 GDP growth forecast

Those at Morgan Stanley, too, are upbeat on the region's growth rate. Vaccination, easing of Covid-led travel restrictions and releasing pent-up demand, they believe, will help economic recovery

Clean energy accounts for just 3% of post-pandemic recovery: IEA Update

Governments increased the amount of their economic recovery spending by 20% directed towards clean energy investments in the past 3 months, new estimates from IEA's Sustainable Recovery Tracker show.

Energy crisis threatens global economic recovery, says IEA

Oil and natural gas prices have soared to multi-year highs recently, sending power prices surging to record levels as widespread energy shortages engulf Asia and Europe

Oil whipsaws in volatile session as energy crunch stokes recovery concerns

Energy crunch stokes inflation, economic recovery concerns

IMF trims view on global growth rebound as 'dangerous divergence' seen

The fund warned threats to growth had increased, pointing to the delta variant, strained supply chains, accelerating inflation and rising costs for food and fuel.

Headwinds threaten to slow world recovery in final stretch of 2021

Fuel and food costs are soaring worldwide, combining with congested ports and strained supply chains to elevate price pressures. Labor shortages continue to plague some employers

Indices in for rough ride, but correction could spur more buying: Experts

Analysts said equity markets across the globe are under pressure after the minutes of the recent US Federal Reserve meeting

Global growth to stay strong but coronavirus the top risk, say economists

A global survey of nearly 500 economists taken this month also concluded recent rising inflation in key economies around the world would be transitory.

G7's Cornwall rendezvous

The group's relevance was tested again

Best of BS Opinion: Distant thunder in world economy, rocket rupee & more

Here are the best of Business Standard's opinion pieces for Monday

Gold prices ease on global recovery hopes; weak dollar limits losses

Gold prices edged lower on Tuesday as hopes of quick economic recovery lifted demand for riskier assets, although a weaker dollar and lower US Treasury yields limited losses for the safe-haven metal

Gold dips as firmer dollar, global economic recovery hopes boost markets

The dollar index held firm near four-month highs against its rivals, making gold more expensive for holders of other currencies

Faster global growth will boost Asia Pacific's economic recovery: S&P

Asia Pacific's economic recovery from Covid-19 will be boosted by US stimulus and stronger global demand, S & P Global Ratings said on Thursday.Vaccine rollout in the region may lag other parts of the world but there will be enough progress to lift consumer spending and domestic demand later in 2021, it said in a report titled 'Economic Outlook Asia Pacific Q2 2021: Three-Speed Recovery Will Benefit From Faster Global Growth."S & P Global Ratings revised upward its growth forecast for Asia Pacific to 7.3 per cent for 2021 from 6.8 per cent previously.A faster-than-expected global vaccine rollout, a large dose of US stimulus and upside surprises in trade and manufacturing pushed its forecasts higher and offset recent weakness in household spending."We also expect gradual vaccine coverage in the region to encourage a virtuous cycle of higher spending on services, more jobs and rising incomes to power the next leg of recovery," said Shaun Roache, Asia Pacific chief economist at S

Global GDP to surpass pre-pandemic level by mid-2021: OECD

OECD sees global GDP growth at 5.6 per cent this year, an upward revision of more than one percentage point since its projection in December 2020, and 4 per cent in 2022

India's GDP to grow 12.6% in FY22, highest among G20 countries: OECD

OECD hikes 2021 global growth forecast to 5.6% from 4.2%; OECD doubles US growth forecast to 6.5% on stimulus