Page 27 - Global Economy

Will IMF loans to Pakistan continue after fuel prices are slashed?

As per the IMF loan rider, Pakistan, with its dwindling foreign exchange reserves amid strict repayment schedule, had committed to increase levy on fuel and eliminate subsidies

Exports rise marginally to $32 bn in Nov; trade deficit lowest in 7 months

Imports at 10-month low of $55.88 billion, trade deficit lowest in 7 months

Counterfeiting, smuggling develop into substantial threat to global economy

Jaspal Singh IPS, Director General of Police, Goa informed that awareness is the first step towards enforcement as the problem of trade in illicit products emanates from the lack of awareness.

Austria's economy expected to face stagnation in 2023 amid energy crisis

With the projected stagnation in 2023, the country's economy is expected to return to significant growth of 1.8% in 2024

Modi govt is sounding friendlier toward free trade for some nations

In recent months, senior Indian officials have insisted that their nation intends to integrate further with the global economy

No reform without change

There is little appetite for reforming multilateral development banks among rich countries, but three emerging economy presidencies of the G20 in succession offer hope

The next phase

Global financial conditions would tighten further

Best of BS Opinion: Critical decisions, chaos on the ground, and more

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

Will 2023 be any better?

All indicators point to a challenging year ahead for the world, including India

ADB cuts developing Asia's GDP outlook for 2023 amid global growth concerns

Growth in China, the largest economy in Asia, is expected to slow in 2022 to 3% against a 3.3% expansion predicted in a September report

Global trade surges to record $32 trillion in 2022, says UN report

Trade in merchandise goods soared to $25 trillion, an increase of about 10 per cent versus the prior year; trade in services grew 15 per cent year-over-year to nearly $7 trillion

US core inflation slows, giving Fed Reserve some breathing room on rates

The overall CPI increased 0.1 per cent from the prior month and was up 7.1 per cent from a year earlier, as lower energy prices helped offset rising food costs

G20 meet: Infra to sustainable finance, global headwinds take centre stage

The ministry and the Reserve Bank of India (RBI) are jointly co-hosting the FCBD meeting

Charting the global economy: Central banks to start pausing rate hikes

Global central banks are pausing or nearing the end of their interest-rate hiking cycles as inflation shows signs of slowing and recession concerns mount

IMF, World Bank raise concerns over worsening global economic outlook

The IMF currently forecasts global growth will be 2.7% next year, slowing from 3.2% this year

IMF says low income nations need $500 bn in external financing through 2026

Low-income nations will need nearly $500 bn in external financing during 2022-26 period, IMF said, a rise of about $57 bn from a year-ago estimate due largely to spillovers from Russia-Ukraine war

Net zero transition for $7 trillion

The world's decarbonisation journey will trigger a massive demand for investments

A difficult year with worse to follow

There is a lot at stake for Russia in the ongoing Ukraine war, and it could cause a great deal of pain for the world

What we have learned three days into the price cap on Russian oil

The unprecedented move by one set of countries to try to impose a price at which another can sell a commodity has drawn confusion among traders, and - from Moscow - a threat of retaliation

Developing world may need to find $2.5 trn over 5 yrs to meet debt costs

A greater proportion of poorer-country debt is now owed to commercial lenders, which offer shorter maturities, and capital markets have largely closed to many governments