Page 26 - Global Economy

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Indian economy likely to navigate rough global weather in 2023: Assocham

India's economy is expected to navigate rough global weather in 2023 due to resilient consumer demand, better corporate performance and abating of inflation, even as the year is likely to be full of challenges and opportunities, Assocham said on Monday. "While the global outlook seems rather tough, the Indian economy is set to stay on steady ground, helped by strong domestic demand, a healthy financial sector and improved corporate balance sheets. Early signs of brighter prospects of Rabi crops point towards a robust performance of agriculture, leaving an improved second round effect for several connected industries like FMCG, tractors, two-wheelers, speciality chemicals and fertilisers," Assocham Secretary General Deepak Sood stated. While there is an overwhelming consumer response to contact services like travel, hotels and transport, a positive domino effect is visible in transport, housing, power, electronics, discretionary consumer goods and automobiles, he added. "Our domestic

In world economy this week: From China's Covid numbers to US job data

The govt's official PMI on Saturday showed that China's abrupt reversal of its Covid Zero policy pushed economic activity - its service sector in particular - to the slowest pace since February 2022

Global economy faces tougher year in 2023: IMF's Kristalina Georgieva

"Why? Because the three big economies - the US, EU and China - are all slowing down simultaneously," she said

Best of BS Opinion: Market sentiment, economic stress tests, and more

Here is the best of Business Standard's opinion pieces for today

Market sentiment

Corporate India is expected to do well

Global economy faces tougher year in 2023, IMF chief Georgieva warns

For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the US, Europe and China - all experience weakening activity, the head of the IMF said

Coordinated actions needed to deal with global challenges

The United States and its allies are committed to supporting Ukraine, despite serious hardships, especially in Europe

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

India may emerge as China's alternative for telecom solutions, say experts

5G is expected to account up to 2 per cent of India's Gross Domestic Product (GDP) by 2030

Slowdown year

Global and domestic factors will affect output

Investors must have moderate return expectations in 2023: Nippon India exec

Earnings could be challenging as global economic growth is weakening, says Sailesh Raj Bhan

Where is the economy headed?

The economy has recovered from Covid, but incompletely, and old problems still persist

Global shares regaining stability, but face most monthly losses since 2008

Decision by the BOJ, the last dove of the major central banks, has added to concern among investors about how impact of rising interest rates and persistent inflation will affect the global economy

Dealmaking slips by almost a third in 2022 marked by volatility, inflation

Companies announced $3.5 trillion of deals in 2022, according to data compiled by Bloomberg

685 million could be living in extreme poverty by 2022-end: World Bank

733 million people currently have no access to electricity and by 2030, 670 million people will remain without it, says World Bank's latest report

Egypt's Suez Canal registers record revenue of $7.9 billion in 2022

Egypt's Suez Canal registered a record-breaking revenue of $7.9 billion in 2022, authorities said

Best of BS Opinion: Guns and butter, gatekeepers of digital markets & more

Here are the top BS Opinion articles of the day

Ricardo would be turning in his grave

There are limits to building resilience over economic efficiency

On balance, India is in a sweet spot

We have emerged as a source of global economic stability and are still the fastest-growing large economy