Page 4 - Global Economic Recovery

India witnessing 'V-shaped' economic recovery since June: FinMin Report

The easing of restrictions on economic activities was a key driver, said a Finance Ministry report

Sri Lankan Central Bank projects 3.9% economic contraction due to Covid

The Central Bank of Sri Lanka on Monday projected an economic contraction of 3.9 per cent for the financial year 2020 due to the Covid-19 pandemic

China's manufacturing recovery rate softens in December: Surveys

China's manufacturing activity improved in December but at its weakest rate in three months as the economy recovered from the coronavirus pandemic while its trading partners struggled with rising infections, according to two surveys. A monthly purchasing managers index issued Monday by a business magazine, Caixin, slipped to 53 from Novembers 54.9 on a 100-point scale on which numbers above 50 show activity expanding. A separate PMI by an official industry group, the China Federation of Logistics & Purchasing, declined to 51.9 from the previous months 52.1. China is the only major economy on track to record positive economic growth in 2020 while the United States and Europe struggle with rising case numbers that have prompted governments to re-impose travel and business controls. Sub-indexes of exports and employment in both surveys rose but at a slower rate than December. We expect the economic recovery in the post-epidemic era to continue for several months, economist Wang Zhe .

Asian factories shake off Covid-19 hit, tighter controls cloud outlook

Asian factory activity expanded moderately in December thanks to robust demand in regional giant China, business surveys showed on Monday

Global debt to hit $200 trillion, but no major crisis anytime soon: S&P

LONDON (Reuters) - Global debt is set to reach $200 trillion, or 265% of the world's annual economic output, by the end of the year, S&P Global has forecast - although it doesn't expect a crisis any time soon.

Australia's economy rebounds sharply in third quarter from Covid recession

Australia's economy rebounded sharply in the third quarter from a coronavirus-induced recession as consumer spending surged

Covid-19 pandemic could disrupt global recovery, says IMF director

"The bottom line is that we can build the impetus for growth, jobs and address climate change far more effectively if we work together," she wrote

Japan machinery orders fall, clouding outlook for capital spending recovery

Japan's core machinery orders fell for the first time in three months in September and at a faster than expected pace

Toyota profit forecast more than doubles amid China pandemic rebound

Toyota more than doubled its full-year operating profit forecast, as vehicle sales rebound in China from a pandemic squeeze earlier this year that contributed to a 24% slide in second-quarter earnings

Global economic recovery slowing from a bounce to a grind: Economists

Policy makers could dial back the fiscal support that's been key to recovery -- as they've already done in the US

Global economic recovery may take five years: World Bank chief economist

"There will probably be a quick rebound as all the restriction measures linked to lockdowns are lifted, but a full recovery will take as much as five years," Carmen Reinhart said

Will India's growth potential slip below rates achieved in 1980s and '90s?

The forces causing the growth slowdown and rising inequality were there before Covid-19, and these trends are now getting accentuated, writes T N Ninan

Reducing Covid risks may help economy more than easing curbs: World Bank

Global institution uses daily electricity consumption and night-time light intensity to gauge impact of Covid-19

Lockdowns hamper recovery in major world economies despite easing of curbs

An analysis of seven major economies, including India seems to suggest that all, save China, are struggling to turn around

India will play big role in post-Covid global economic recovery: Minister

Addressing an event, he said that India has set the tone for global collaboration to deal with the pandemic under the leadership of Prime Minister Narendra Modi.

Global recovery to speed up if Covid-19 vaccine available to all: WHO chief

WHO emergencies director Michael Ryan, asked about a proposed Russian vaccine, told the panel that what was needed now was to ensure any vaccines are safe and effective

Coronavirus outbreak to leave a legacy of unprecedented global debt

Central banks and govts worldwide have unleashed at least $15 trillion of stimulus via bond-buying and budget spending to cushion the blow of a global recession tipped to be the worst since the 1930s.

Exceptional crisis, exceptional responses

Exceptional circumstances are sometimes the catalyst for exceptional leaders to emerge; they can also be extremely harsh for those who fail the leadership test.

Note ban, GST to help India benefit from global economic recovery: Jaitley

After several years of disappointing growth, the global economy has begun to accelerate, says World Bank President