Page 2 - Global Economy

World Bank plans securitisation, debt swaps to boost development

"We can't do project by project," Banga said of the securitisation plans. "We don't have 100 years."

Trump gets economy he wants, but growth risks may spoil his victory lap

President Donald Trump is getting his way with the world economy. Trading partners from the European Union to Japan to Vietnam appear to be acceding to the president's demands to accept higher costs in the form of high tariffs for the privilege of selling their wares to the United States. For Trump, the agreements driven by a mix of threats and cajoling, are a fulfillment of a decades-long belief in protectionism and a massive gamble that it will pay off politically and economically with American consumers. On Sunday, the United States and the 27-member state European Union announced that they had reached a trade framework agreement: The EU agreed to accept 15 per cent US tariffs on most its goods, easing fears of a catastrophic trans-Atlantic trade war. There were also commitments by the EU to buy USD 750 billion in US energy products and make USD 600 billion in new investments through 2028, according to the White House. We just signed a very big trade deal, the biggest of them .

A World in Flux: Sitharaman flags need to reshape institutions for present

At the launch of 'A World in Flux', Finance Minister Nirmala Sitharaman said multilateral institutions are now in limbo and stressed the urgent need to reshape them for today's rapidly evolving world

Donald Trump's tariff chaos leaves global trade partners in uncertainty

Gone is the idea that the White House would strike 90 deals in 90 days after a period of rapid-fire negotiation, as Trump pledged in April

Viksit Bharat by 2047 goal: Are we on track for tech advancement?

Public support for innovation must shift towards radical improvements in higher education and financial support for startups and new innovators

Datanomics: Despite gains, Brics still lags behind G7 in per capita terms

Average Brics per capita income stood at $2,087 in 2000, which is projected to rise to $9,437 by 2025. In contrast, G7's average may rise from $27,855 to $53,623

OPEC sees solid second-half of 2025 for world economy, trims 2026 supply

OPEC also said supply from countries outside the Declaration of Cooperation - the formal name for OPEC+ - will rise by about 730,000 barrels per day in 2026, down 70,000 bpd from last month's forecast

Trump tariffs to shrink US economic growth to 1.6%, global to 2.9%: OECD

The OECD notes that Trump's policies have raised average US tariff rates from around 2.5 per cent when he returned to the White House to 15.4 per cent, highest since 1938

Stanley Fischer, who shaped global macroeconomic policy, dies at 81

Fischer, known as Stan, served as vice chairman of the US Federal Reserve from 2014 to 2017 following eight years as governor of the Bank of Israel

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