Page 29 - Global Economy

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

Dutch economy to witness slower growth in next 2 years, warns Rabobank

The Dutch Rabobank warned that after impressive recovery growth rates in 2021 and 2022, the economy in the Netherlands is expected to witness slower growth in the next two years

Emerging markets face risk of policy error amid conflicting priorities

Emerging markets have witnessed an investor exodus this year despite having raised interest rates at an unprecedented pace

Global economy must start bracing for low inflation, says Raghuram Rajan

Central banks must ask themselves if their policies were nimble enough when inflation shifted from low to a high regime, said Rajan

ECB Prez Lagarde leads a chorus warning that inflation has to be anchored

Policymakers cautioned that hopes for a quick cooling in inflation pressures next year may prove premature

China adds risks to global growth as factories take a hit on Covid controls

Manufacturing PMI at 48 for Nov against 49.2 a month ago, services sector activity fell to 46.7

Q2 GDP numbers: Growth seen tapering in the July-September quarter

The growth had fallen drastically from 13.5 per cent in the April-June quarter and was even lower than last year's number of 8.4 per cent

Global trade growth to slow in the last months of 2022 and into 2023: WTO

The triggers: Ukraine war, high energy prices, monetary tightening by major economies

S&P Global Ratings lowers 2023 growth forecast for emerging markets

(Reuters) - S&P Global Ratings lowered its 2023 growth forecast for emerging economies on Tuesday, citing persistent pressures from the Russia-Ukraine conflict, a lingering COVID-19 pandemic and tight monetary policy conditions.

Global shipping growth at risk from economic gloom, says UNCTAD

The world's largest investment banks expect global economic growth to slow further in 2023 following a year roiled by Russia's invasion of Ukraine and soaring inflation

Top Headlines: India-UAE trade deal; crude import basket at 10-month low

The price of the Indian basket of crude oil has hit a 10-month low of $88.6 a barrel in November, government data showed

In coming global recession, job cuts won't mean mass layoffs: Report

This time around, workers have a better-than-usual shot at holding onto their jobs if recession arrives

I advise start-ups to think beyond the possible: ARM Holdings former CEO

"You need to look at where your biggest opportunities are and invent your own unique business model that capitalises on your strengths," says Sir Robin Saxby

IT sector hiring down 43% in Oct; recovery likely in Jan-March: Study

Ukraine war, funding cuts for start-ups, companies tightening spending among reasons for hiring decline

The future of Indian economy: Should it play the power game or values game?

India must decide what it wants to be - a country admired for its soft power and market, or an arbitrary state that can do what it wills with both individuals and businesses - writes T N Ninan

Explainer: The effect of Russian oil price cap, ban on global economy

Western governments are aiming to cap the price of Russia's oil exports in an attempt to limit the fossil fuel earnings that support Moscow's budget, its military and the invasion of Ukraine. The cap is set to take effect on Dec. 5, the same day the European Union will impose a boycott on most Russian oil its crude that is shipped by sea. The EU was still negotiating what the price ceiling should be. The twin measures could have an uncertain effect on the price of oil as worries over lost supply through the boycott compete with fears about lower demand from a slowing global economy. Here are basic facts about the price cap, the EU embargo and what they could mean for consumers and the global economy: WHAT IS THE PRICE CAP AND HOW WOULD IT WORK? U.S. Treasury Secretary Janet Yellen has proposed the cap with other Group of 7 allies as a way to limit Russia's earnings while keeping Russian oil flowing to the global economy. The aim is to hurt Moscow's finances while avoiding a sharp