Page 37 - Global Economy

Creative education, health to play big role for future economies: Basu

Speaking at eighth Pravin Visaria Memorial Public Lecture, Basu stated that for countries like India to emerge as a winner going forward, focusing on creative education and health sectors will be key

Rs 15.74 trn of investors' wealth eroded as markets log 5th day of fall

In five trading days, the Sensex has dived 3,824.49 points, or 6.91%

India better placed than many others to avoid stagflation: RBI article

The article noted that global economic conditions continue to deteriorate as ratcheting up of commodity prices and financial market volatility have led to heightened uncertainty

World's central banks got it wrong on inflation and economies pay the price

ECB President Christine Lagarde has lately also turned more hawkish than she previously indicated, and the Reserve Bank of Australia is among those raising rates faster than policy makers had signaled

World's richest have lost $1.4 trillion in 2022 after rapid gains

It's a stark contrast to last year, when soaring markets boosted the world's population of high-net-worth individuals by about 8%, including 13 per cent in North America

Growth optimism sinks to a record low, says Bank of America survey

Global profit expectations also dropped to 2008 levels

OPEC delegates see global oil demand growth slowing in 2023: Report

High crude prices have eaten into growth projections for 2022 and fed into expectations for slower growth in 2023.

Global PC shipments to fall 8.2% in 2022 due to economic slowdown

The forecast for worldwide tablet shipments has also been lowered to 158 million units, a 6.2 per cent decline compared to 2021, according to a new IDC report

Global server market revenues expected to reach $112 billion in 2022

The global server market's revenue is expected to grow 17 per cent (on-year) to reach $111.7 billion in 2022, according to a new report.

Global investment banking faces tougher times after blockbuster year

Russia's invasion of Ukraine and significant monetary tightening have led to volatile trading in financial markets this year

For Cornwall, the G7 summit 2021 brings mix of disruption and hope

US President Joe Biden and leaders from Canada, France, Germany, Italy and Japan are arriving for three days of talks starting Friday at the tiny village of Carbis Bay, near St Ives in Cornwall

WEF Annual Meet 2022 starts May 22 in Davos; Sitharaman, 3 CMs to attend

The WEF Annual Meeting 2022 will be held in Davos from May 22 to May 26 after a two-year hiatus due to Covid-19 pandemic

Dollar edges up 0.16% but cautious as finance ministers G7 meet

The dollar index - which measures the currency against six peers including the yen - ticked up 0.16% to 100.50, following its retreat in the previous session from a more than two-year peak of 101.03

Global FDI back to pre-Covid levels in 2021 but uncertainty looms: UNCTAD

The top ten economies for FDI inflows in 2021 were India, the US, China, Hong Kong, Singapore, Canada, Brazil, South Africa, Russia, and Mexico

OECD slashes growth outlook, but sees limited stagflation risk

Says world economy to grow 3% this year, much less than the 4.5% expected earlier

No sign of overcapacity yet as global commodity prices come off peaks

The exception is energy, which isn't dictated by liquidity conditions, but by decisions of the Opec-plus cartel, where plenty of other factors come into play

World Bank slashes global growth forecast to 2.9%, warns of 'stagflation'

World Bank President said global growth was being hammered by the war, fresh Covid lockdowns in China, supply-chain disruptions and the risk of stagflation, which was last seen in the 1970s

Pax Sinica: How will economics respond to the 'new global order'?

Economics will find a way to include protectionism but building a theoretical case for budget deficits will be much harder

Bonds rally everywhere in May with bulls saying global debt selloff is over

Global investment-grade debt has returned almost 1% in May, the first monthly gain since July, while US Treasuries are heading for their best month since November

WEF 2022: Finding common ground and collaborating for global recovery

Countries and communities that struggled with setbacks caused by lockdowns are now grappling with record-high basic commodities prices, supply chain bottlenecks, and critical food shortages