Page 40 - Global Economy

Sitharaman meets OECD Secretary General, discusses bilateral engagement

India will hold the Presidency of the G20 from December 1, 2022 to November 30, 2023, culminating with the G20 Summit in India in 2023

India's high growth rate positive news for world: IMF Managing Director

A high growth rate for India is positive news for the world, IMF MD Kristalina Georgieva has said.

IMF, World Bank chiefs warn of debt squeeze in world's poorest nations

As interest rates rise, the debt pressures are mounting on developing countries, and we need to move urgently towards solutions, World Bank President David Malpass said

Global leaders discuss debt crisis in US in wake of Sri Lankan problem

Sri Lanka's bitter debt crisis experience has emerged as one of the major topics of discussion among the global financial leaders

Global growth hit by prolonged inflation, supply chain disruptions: FM

Global growth momentum is dampened by prolonged inflation, supply chain disruption, volatility in energy markets and investor uncertainty, said Finance Minister Nirmala Sitharaman while taking part in the G20 Finance Ministers and Central Bank Governors meeting in Washington DC.Under the Indonesia presidency, the Union Finance Minister at G20 said that it is well placed to catalyse international policy coordination to deal with macroeconomic consequences."FM Smt. @nsitharaman spoke at the #G20 Finance Ministers & Central Bank Governors #FMCBG meeting under #G20Indonesia presidency in Washington D.C., today. Meeting agenda included #global economic outlook & risk, international financial architecture & #globalhealth," the finance ministry said in a Tweet on Thursday."FM Smt. @nsitharaman noted that global growth momentum is dampened by prolonged #inflation, #supplychain disruption, volatility in #energymarkets and investor uncertainty," the ministry said ...

First protest death boosts calls to oust Sri Lanka President Rajapaksa

Sri Lanka's economic crisis -- the worst since it gained independence more than 70 years ago -- has brought angry citizens to the streets demanding the ouster of the Rajapaksa family

Financial stability risks risen amid Russia-Ukraine conflict: IMF

"Global financial conditions have tightened notably" and downside risks to the economic outlook have increased as a result of the Russian-Ukraine war, according to Global Financial Stability Report

IMF cuts global growth forecast due to 'seismic waves' from Ukraine war

The war is expected to slow growth and further increase inflation, the IMF said in its latest World Economic Outlook

Statsguru: From India to US, six charts show rising global inflation

In the US, consumer price inflation has been higher than in India for the last seven months

Indian economy looks better than others, but don't raise a cheer just yet

The comparative numbers spell bad news for the world rather than any good news for India, whose growth forecasts are getting tempered even as the inflation picture is getting worse, writes T N Ninan

WTO slashes 2022 global trade growth forecast on Russia-Ukraine war

Report from global trade watchdog said the Russia-Ukraine conflict, now in its seventh week, has damaged the world economy at a critical juncture as the pandemic continues to weigh on recovery

Russia-Ukraine war complicates ECB's rate hike considerations

The Russia-Ukraine war has added to the uncertainties amid which the ECB chose to adopt a prudent stance in formulating its agenda for rate hikes, according to minutes released by the central bank.

Sri Lanka must restructure $1 bn debt, needs stability: Outgoing finmin

With its foreign exchange reserves shrinking quickly, massive debt payments due and the rupee currency slumping, analysts say the government is running out of options

Surging prices nudge Asia's reluctant central bank hawks off the sidelines

There has been a marked shift in the language of some of the region's less hawkish central banks on worries the renewed surge in commodity costs

Global sovereign debt to rise almost 10% to new high in 2022: Report

Governments across the world have ramped up borrowing since the Covid-19 pandemic erupted two years ago, as they tried to shield their economies from the fallout.

Monitoring political, economic developments in Sri Lanka very closely: IMF

The International Monetary Fund (IMF) said on Tuesday that it is monitoring political and economic developments in Sri Lanka "very closely" as public unrest in the island nation grows

World Bank says war shocks to drag on Asian economies in coming months

Disruptions to supplies of commodities, financial strains and higher prices are among the impacts of the war in Ukraine that will slow economies in Asia in coming months, says the World Bank

Russia-Ukraine fallout starts felling fragile 'frontier' economies

A handful were already on the brink of debt crises in the wake of the COVID pandemic, the war's resulting surge in energy and food prices, however, have undoubtedly made things worse.

India-Australia sign trade pact; bilateral trade to reach $45 bn in 5 years

This is the first trade agreement with a developed economy after over 10 years

Emerging macro instability

Global economy is reeling from new supply shocks