Page 2 - Global Economy

Economists see global growth coming under strain; India story intact: WEF

Chief economists from across the world are the most optimistic about a strong economic expansion in South Asia, with India looking set to be the primary engine of growth in 2025 and 2026, a new survey showed on Wednesday. The chief economists, however, warned of the overall global growth coming under strain from trade policy shocks and AI disruption, the World Economic Forum (WEF) said in its latest 'Chief Economists Outlook' report. A majority of surveyed economists saw the current US economic policy as having a lasting global impact, with 87 per cent expecting it to delay strategic business decisions and heighten recession risks. The global growth outlook was divided, with weak prospects in North America, resilience in Asia-Pacific and cautious optimism in Europe. "The outlook for China remains muted, and the chief economists were divided over whether it will reach its target of 5 per cent GDP growth this year. "Optimism remains highest for South Asia, where 33 per cent expect .

Outlook for India is one of cautious optimism, says the RBI report

The prospects of bumper rabi harvest and the outlook of an above normal monsoon would further strengthen rural consumption and is also likely to keep food inflation in check

WEF courts Christine Lagarde as next leader after founder's abrupt exit

As the board deals with the fallout, it still sees Lagarde as the top candidate and has held internal discussions on the matter since Schwab's resignation last month

Empty Vessel: The story of globalisation told through one big barge

This elegant and enlightening book is an impressive feat, given that its main character is, as Kumekawa admits, stubbornly uncharismatic: "a dumb pontoon without voice, personality or drive"

No, the global economy isn't falling apart despite Trump's shocks

Despite warnings of a meltdown, Trump's policies have barely dented global growth forecasts

Global debt hits record high of over $324 trillion: Banking trade group

The weaker dollar has worked as a buffer across developing economies, limiting the impact in emerging markets of the spike in volatility triggered by US President Donald Trump's trade war

US vs China: India's high-stakes economic trade walk toward self-reliance

The US wants trade partners who can supply goods that were earlier sourced from China

Global economy already the feeling drag from Donald Trump's tariffs

Big-name multinationals right down to niche e-commerce players last week cut sales targets, warned of job cuts and reviewed their business plans, while major economies revised down growth prospects

Uncertain dollar creates opportunity for euro, can the rally last?

The most comprehensive indication that funds are flowing to Europe: Since the beginning of April, the euro has gained 5.4 per cent against the dollar

Trump's first 100 days: America first prez is overturning world order

In the chaotic first 100 days since President Donald Trump returned to office, he has waged an often unpredictable campaign that has upended parts of the rules-based world order

We need to talk about China as global economic tensions remain high

Chinese govt made important mistakes during pandemic. It chose to support Russia in its invasion of Ukraine in 2022. Embracing nationalism, it chose hostile behaviour against India in 2017 and 2020

IMF-World Bank meetings end with little tariff clarity, economic foreboding

Many participants in the IMF and World Bank Spring Meetings had a sense that Trump's administration was still conflicted in its demands from trading partners hit with his sweeping tariffs

Trump's mixed signals on tariffs make fragile global economy nervous

President Donald Trump can't stop contradicting himself on his own tariff plans. He says he's on a path to cut several new trade deals in a few weeks but has also suggested it's physically impossible" to hold all the needed meetings. Trump has said he will simply set new tariff rates negotiated internally within the US government over the next few weeks although he already did that on his April 2 Liberation Day, which caused the world economy to shudder. The Republican president says he's actively negotiating with the Chinese government on tariffs while the Chinese and US Treasury Secretary Scott Bessent have said talks have yet to start. What should one believe? The sure bet is that uncertainty will persist in ways that employers and consumers alike expect to damage the economy and that leave foreign leaders scratching their heads in bewilderment. And the consequences of all this tariffs turmoil are enormous. Trump placed tariffs totalling 145% on China, leading China to reta

Klaus Schwab steps down from World Economic Forum board of trustees

The World Economic Forum on Monday announced that its founder Klaus Schwab has decided to step down as Chairperson and member of its board of trustees with immediate effect. Schwab has been synonymous with the Geneva-based organisation he has headed since it was founded 55 years ago. "Following my recent announcement, and as I enter my 88th year, I have decided to step down from the position of Chair and as a member of the Board of Trustees, with immediate effect," Schwab informed the board. At an extraordinary board meeting on Sunday, the board took note of the resignation of Schwab and unanimously appointed Vice Chairman Peter Brabeck-Letmathe as Chairman ad interim. It also established a Search Committee for the selection of a future Chair, the WEF said in a statement. WEF, which describes itself as an international organisation for public-private cooperation, hosts its flagship annual meeting every year in Davos and is attended by top government and business leaders from acros

BOJ likely to keep rate-hike signal intact despite Trump tariff risks

The assessment, to be included in its quarterly outlook report due on May 1, will underscore the BOJ's desire to keep alive market expectations of further interest rate hikes

First shockwaves of Trump's trade tariffs about to hit global economy

International Monetary Fund is set to lower its outlook for economic growth in new projections released on Tuesday

It is not over: Trump's tariff pause does not fundamentally change much

A tariff pause doesn't fundamentally change much

Climate shocks could cause 6% economic loss in Asia-Pacific: UN report

While the Asia-Pacific region contributed 60 per cent of global economic growth in 2024, many of its countries are poorly prepared for climate shocks, according to the report

Oil prices decline 2% as US-China trade conflict fuels recession fears

Brent futures were down $1.17, or 1.78%, to $64.41 per barrel at 1303 GMT, and U.S. West Texas Intermediate crude futures were down $1.17, or 1.89%, at $60.82

RBI may infuse up to Rs 4 trillion to shield economy from global risks

SBM India estimates that up to Rs 2 trillion could be injected in the first half, adding to an unprecedented $80 billion already pumped in since January