Page 44 - Global Economy

IMF chief says 'too early to say' if world facing sustained inflation

The head of the International Monetary Fund said it was "too early" to say if the world was facing a period of sustained inflation

World stocks higher on strong tech amid mixed US earnings, weak eco reports

Crude oil eyed seven-year highs and the dollar eased. On Wall Street, the Dow Jones Industrial Average rose 0.63% and the S&P 500 gained 0.94%.

Stocks extend gains on strong US earnings, weak economic reports

Investors also shrugged off the pace of central banks' interest rate hikes.

Strong earnings eclipse surging euro zone inflation for now

By Huw Jones

Inflation at its highest in 2 years in Pakistan, transport leads trend

This is the highest CPI inflation since January 2020

Oil hovers near 7-year highs, headed for best month since Feb 2021

The most-active Brent contract, for April delivery, was trading at $89.62, up $1.1 or 1.2%.

Maintain 10-15% allocation to gold as real rates may stay low: Analysts

Rate hikes may not be aggressive as Fed will try not to dampen economic growth

Jerome Powell to Kerry Craig: Expert take on US Fed's hawkish comments

The Federal Reserve on Wednesday signaled it is likely to raise US interest rates in March

Pakistan holds steady on interest rates but trims FY22 GDP forecast

Pakistan's finance minister has said the tax changes would raise $1.9 billion

G20 to play key role in development of global health infra: Joko Widodo

He said the International Monetary Fund (IMF) should be tasked to mobilise resources to revitalise global health architecture

High inflation drivers to remain strong until second half of 2022: EU

European Commissioner for the Economy Paolo Gentiloni said on Tuesday that factors contributing to high inflation in the European Union will diminish

Pak's Oppn says increase in power, petrol prices economic murder of people

Pakistan's opposition party has slammed Imran Khan government and said the rise in power tariff and petrol prices is the "economic murder" of the people

Hydrogen economy hints at new global power dynamics: IRENA analysis

Rapid growth of the global hydrogen economy can bring significant geoeconomic and geopolitical shifts giving rise to a wave of new interdependencies, a new analysis by IRENA said

Dollar slides toward worst week in more than a year as longs lose faith

The dollar has dropped 1.53% against the yen over the week, its worst showing since June 2020, and pushed as low as 113.64 for the first time since Dec. 21.

Global economy projected to grow by 4% in 2022, 3.5% in 2023: UN report

After expanding by 5.5% in 2021, the global output is projected to grow by only 4% in 2022 and 3.5% in 2023, according to the United Nations World Economic Situation and Prospects

UN forecasts lower global economic growth for 2022 and 2023

The report said labour shortages in developed economies are adding to supply chain challenges and inflationary pressures

Oil jumps nearly 4% as Omicron variant impact seen as short-lived

Oil soared nearly 4% on Tuesday, supported by tight supply and expectations that rising coronavirus cases

World Bank downgrades 2022 global economic growth forecast to 4.1%

The global economy is on track to grow by 4.1 per cent in 2022, down 0.2 percentage point from a previous projection, the World Bank Group said in its latest Global Economic Prospects release.

Confidence in faster global recovery in short supply: WEF report

Report also says livelihood crises, climate change will dominate global concerns

WTO discusses India's call for holding virtual meet on pandemic response

The WTO's General Council has discussed India's call to convene a virtual ministerial meeting on the World Trade Organisation's response to the COVID-19 pandemic, including the patent waiver proposal. India on December 23, 2021 sent a letter to the General Council Chair to hold a virtual ministerial meeting on the response of WTO (World Trade Organisation) to the pandemic, including the proposal to waive certain provisions of the TRIPS agreement for COVID-19-related vaccines, therapeutics, and diagnostics. On January 10, the General Council Chair Ambassador Dacio Castillo (Honduras) convened a meeting to discuss the World Trade Organisation's response to the COVID-19 pandemic, WTO said in a statement. After the meeting, Castillo said he would continue to hold consultations with members on the Indian proposal, underlining "the urgency and importance of reaching a meaningful outcome." A common WTO response to COVID-19 "remains an urgent priority for the membership," he said. WTO ...