Page 10 - World Economy

OECD sees 5.8% global GDP growth in 2021 on vaccine rollouts, US stimulus

The OECD said central banks in advanced economies should keep financial conditions relaxed and tolerate inflation overshooting their targets.

Covid-19: The world economy is suddenly running low on everything

Surging corporate demand is upending global supply chains

Coronavirus pandemic to shave 3% off global output in medium term: IMF

The Covid-19 shock could also have a bigger impact on the labor market over the medium- and longer term

US Fed expects growth surge, inflation jump in 2021 but no rate hike

The US economy is heading for its strongest growth in nearly 40 years, the Fed said, and central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation

Inflation is already creeping into some corners of the world economy

Hawks say that pockets of inflation today will turn into across-the-board price increases tomorrow, with stimulus providing the fuel

Oil prices rise on economic outlook, drawdown in fuel stocks

Brent crude oil futures for May rose 79 cents

Most economies won't return to pre-Covid activity levels by 2022: Moody's

Moody's Investors Service said the credit downturn arising out of Covid-19 will be short-lived but most economies will not return to pre-pandemic activity levels until 2022

Pent-up demand for manufactured goods driving global factory revival

Manufacturing activity in Japan expanded at the fastest pace in over two years

WTO to hold ministerial meeting in Geneva in late 2021: Report

WTO members agreed on Monday to hold the next major ministerial meeting in Geneva, Switzerland in late 2021

IMF chief warns of 'lost generation' if poor nations don't get more help

Setbacks for living standards in developing countries would make it much more difficult to achieve stability and security for the rest of the world, she said

Unequal allocation of vaccines could cost the world economy $9.2 trn

Emerging and developing economies are vulnerable to richer countries hoarding their doses because their fragile health systems are straining under the weight of mounting infections

India seen contributing 15% of global growth by fiscal year 2026

The ongoing key reforms such as sops for manufacturing, easier labour laws, wooing FDI inflows and privatisation will help improve productivity, says a report

Looking back, and forward: How economies and economics changed in 10 years

Even as both India and the world struggle to re-build after Covid-19, they face slow-burn problems that could develop into full-blown crises, writes T N Ninan

World economy to bounce back by 2021-end, but risks remain: Group

The OECD, an intergovernmental economic group, said outlook has improved for the first time since the outbreak owing to Covid-19 vaccine progress.

Bumper harvests, healthy stockpiles but coronavirus world is undernourished

Contained global food costs haven't stopped inflation spikes in India, Pakistan and elsewhere, as supply disruptions hit.

Coronavirus isn't going away soon, world must reset hopes for economy

For decades, the world economy relied on central bankers and finance ministers to pull it out of crisis

Covid-19 impact: India's GDP may contract 10.3% in FY21, says IMF

IMF now expected the world economy to fall less severely by 4.4 per cent than 5.2 per cent it projected earlier for 2020

World economy in deep recession in 2020, growth to be - 4.4%: IMF

The IMF predicted a deep global recession this year and the world growth to be - 4.4%, asserting that the global economic crisis is far from over mainly due to the impact of the coronavirus pandemic

Are intellectuals killing convergence?

A historic process of deglobalisation is underway which can scuttle the growth of poor nations. Disturbingly, this shift has been met by silence or even encouragement by those who should know better

Russia's Putin urges end to 'illegal' sanctions to boost world economy

Russian President Vladimir Putin argued on Tuesday that ending illegitimate sanctions against countries like his could boost the coronavirus-hit global economy and create jobs