Page 4 - Global Economy

A school for ease of doing business: Fostering a business-friendly economy

Regulators, through regulations, address market failures, prevent abuse of freedom, and protect the rights of market participants

Hailing the freelance economy as it expands across global professions

Freelancers in the United States contribute significantly to the country's economy, with earnings totalling approximately $1.27 trillion in 2023

Internet shutdowns: Global economy struggles as the web goes dark

The economic losses linked to government-induced disruptions amounted to $7.69 billion globally in 2024, a decline of 15.77 per cent compared to the previous year

Global economic growth to remain subdued at 2.8% in 2025: United Nations

Global trade is expected to grow by 3.2% in 2025, slightly down from 3.4% in 2024. However, tensions in trade policies and geopolitical uncertainties pose risks

Greenland may become independent, but not a US state, says Denmark

Greenland's leader held talks on Wednesday with the Danish king in Copenhagen, a day after Trump's remarks thrust the fate of the Danish-ruled island to the top of world headlines

At 211,000, US weekly unemployment claims declines to eight-month low

"A stable job market will squelch the Fed's appetite for cutting rates aggressively amid nagging services inflation," said Jeffrey Roach, chief economist at LPL Financial

Year in review: Energy woes to AI boom, top global economic trends of 2024

From continuing energy market volatility driven by geopolitical tensions to the AI boom transforming industries, economic trends have been anything but predictable

India, China to Germany and UK: How major economies performed in 2024

While India and US have optimistic outlooks going into 2025, Germany and UK may see sluggish growth

Inflation, tariffs & conflicts: Risks stack up for global economy in 2025

In richer economies, governments need to work out how to counter the conviction of many voters that their purchasing power, living standards and future prospects are in decline

Here's a list of challenges stacked up for the global economy in 2025

In 2024, the world's central banks were finally able to start lowering interest rates after largely winning the battle against inflation without sparking a global recession

Indo-US FTA: A strategic opportunity amid global trade challenges

The people in the US who are imbued with free trade as a philosophy are concerned about the growing impediments to global trade

Reassessing Nehruvian policies: Growth, education, and social change

The policies of the first decade-and-a half of planned development are better characterised as Nehruvian Humanism

Need energy transition without compromising economic growth: CEA Nageswaran

Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday underlined the need to be cautious about energy transition and it should be without compromising growth. "We need to do it carefully so that we do not throw the baby of economic growth out with bath water in the name of managing energy transition and tackling climate change. Without growth there are no resources to invest for climate change management," he said while speaking at the Global Economic Policy Forum organised by CII here Citing negative impact, he said, Europe is facing an economic doldrum because of a sharp rise in industrial electricity prices partly because of focus on renewal energy and energy transition. He said that this is not just a political challenge, but also an economic one, affecting not only India but the entire global South. Assuaging concerns of slowdown, he said, India is on track to achieve 6.5-7 per cent GDP growth for the current fiscal pencilled in Economic Survey. He, however, said, the

Simpler stuff now automated, startups tap experts for training AI models

Over the years, as AI has improved, much of the simpler stuff is now automated. Demand has shifted to recruiting specialists and paying higher salaries and rates

Trump's return could increase tariffs, impacting China and Asean alike

A steep and selective increase in protective tariffs and an inherent disdain for institutions under Trump 2.0 is likely to create particularly difficult circumstances for Asean economies

India meets 72% of G20 2023 goals, slips below bloc average and 2022 levels

This theme underscored the importance of a united global approach to tackling challenges like climate change, sustainable development, and financial stability

Trump's win in US elections wreaks havoc on global rate-cut expectations

The election tremors were felt in Europe, too - particularly in the east, which fears reduced US support for Ukraine as it tries to fend of Russian forces

Global CEOs confront new era with Donald Trump win, risk of tariffs

CEO Harald Fotland answered with a warning: "We will see more protectionism, and that might be an issue for exports out of the US."

Govt report maintains economic growth forecast but flags global risks

"Risks to growth arise from escalating geopolitical conflicts, deepening geoeconomic fragmentation and elevated valuations in financial markets in some advanced economies," the report said

Soft landing of global economy increasingly a possibility: Sitharaman

A soft-landing of the global economy, which has experienced tremendous stress over the past several years, is increasingly a possibility, Union Finance Minister Nirmala Sitharaman said Friday. Observing that better days are ahead primarily because of the coordinated action between countries and multilateral financial institutions, the finance minister at the same time sounded a note of caution that economies are not really picking up that much yet. The largest sense which prevailed in the two-day discussions, both of the (International Monetary) Fund and also of the World Bank, is that there will be a soft landing. The efforts by the Fund, the central banks and all institutions, governments have kept the inflation down for some meaningful period. Therefore soft landing is increasingly a possibility, Sitharaman told a Washington DC-based global think-tank. Then that reasonable growth numbers will come from even the advanced economies. certainly not in the negative area. And then the