Page 37 - Global Economy
Bank of England boosts interest rate to 13-year high as inflation soars
Policy makers led by Governor Andrew Bailey hinted that they may join a growing global trend for larger hikes if inflation continues to soar
 "Bank of England boosts interest rate to 13-year high as inflation soars")
Anti-globalisation to green energy: 5 shifts that will shape world economy
Opportunities will arise as the era of hyperglobalisation and cheap finance fades into the past
India better placed to avoid stagflation risk, says RBI report
Paints an encouraging picture of economic activity gaining strength, with most GDP constituents exceeding their pre-pandemic levels
 "India better placed to avoid stagflation risk, says RBI report")
Investors dump shares on growth fears as Swiss, UK hike lending rates
While Swiss National Bank and UK's central bank increased their lending rates, global shares took a dive as investors began dumping shares based on recession fears.
 "Investors dump shares on growth fears as Swiss, UK hike lending rates")
Oil prices rebound as new Iran sanctions fuel more supply concerns
The market had been lower earlier as interest rate hikes in the United States, Britain and Switzerland fed concerns about a slowdown in global economic growth.
 "Oil prices rebound as new Iran sanctions fuel more supply concerns")
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
 "Creative education, health to play big role for future economies: Basu")
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%
 "Rs 15.74 trn of investors' wealth eroded as markets log 5th day of fall")
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
 "India better placed than many others to avoid stagflation: RBI article")
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 central banks got it wrong on inflation and economies pay the price")
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
 "World's richest have lost $1.4 trillion in 2022 after rapid gains")
Growth optimism sinks to a record low, says Bank of America survey
Global profit expectations also dropped to 2008 levels
 "Growth optimism sinks to a record low, says Bank of America survey")
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 PC shipments to fall 8.2% in 2022 due to economic slowdown")
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 server market revenues expected to reach $112 billion in 2022")
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
 "Global investment banking faces tougher times after blockbuster 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
 "For Cornwall, the G7 summit 2021 brings mix of disruption and hope")
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
 "WEF Annual Meet 2022 starts May 22 in Davos; Sitharaman, 3 CMs to attend")
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
 "Dollar edges up 0.16% but cautious as finance ministers G7 meet")
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
 "Global FDI back to pre-Covid levels in 2021 but uncertainty looms: UNCTAD")
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
 "OECD slashes growth outlook, but sees limited stagflation risk")