Page 6 - World Economy

World stocks fall and oil prices slide on rate and recession fears

Wall Street struggled to hang on to early gains while European shares deepened losses, hobbled by worries that tightening monetary policy around the world will hurt demand

Karma catches up with the rich

The world's most powerful nations are accountable for colossal economic and political mismanagement

Post-pandemic surprises and where the Indian economy truly stands today

To avoid getting caught up in possible group-think, we need to question the assumptions. Remember that there have been only two five-year periods when India has recorded rapid growth, writes T N Ninan

Oil plummets below $100 per barrel as recession risks come to forefront

Investors are fretting about the possibility of an economic downturn as central banks across the world take aggressive actions to limit inflation

Rising gas prices threaten stability and livelihoods around the world

The cost of filling a car's tank, getting to work and cooking dinner has spiked

No let-up in market sell-off as recession fears build for world economies

Experts said risk aversion among investors is due to scepticism over whether policymakers will be able to achieve aggressive monetary tightening to tame inflation without triggering recession

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

Shock of war threatens lasting consequences on global economy: OECD

The organization slashed its outlook for global growth this year to 3% from the 4.5% it predicted in December and doubled its inflation projection to nearly 9% for its 38 member countries

Oil shock devastates poorer nations as shortages, protests mount

Higher fuel bills are exacerbating inflation in countries that are already struggling with soaring food prices

Changing themes: What World Economic Forum talked about in 52nd conference

While 'save the planet' remained the top topic of discussion in the WEF publications, finding reference in 141 of the 328 articles published last week, media discussions focused on geopolitics

World Economic Forum 2022: The world is bullish on the Indian economy

The first post-pandemic in-person meeting at Davos took place with reduced participation amid a war raging in Europe, but witnessed spirited debates

WEF 2022: EU CEOs step up action plan on energy and food security

CEO Action Group renewed its commitment to a 55 per cent emissions reduction target by 2030

WEF summit: World economy has 'buffer' against recession, says Gopinath

"I would say at 3.6 per cent there is a buffer," she said, conceding, however, that risks are uneven around the world

Thomas Piketty's equality programme

Although Piketty favours much higher income tax rates, policies that redistribute property rather than income are the heart of his programme

IMF: Diversification, substitutability build resilient value chains

The IMF says that in the early days of the pandemic in 2020, the GVC-intensive trade collapsed but rebounded very quickly showing remarkable resilience.

The biter bit: The sanctions on Russia are beginning to hurt buyers now

All things considered, might it have been better and cheaper, shed less blood, and avoided a huge refugee problem if Russia had been allowed a buffer zone in Eastern Europe, wonders T N Ninan

Pakistan increases power tariff by Rs 4.8 per unit amid rising inflation

Former Pakistan PM Imran Khan lost power after he lost a no-confidence vote on the issues of inflation and the worsening economic situation of the country

World Bank lowers Pakistan's economic growth forecast to 4.3%

The bank cited the additional burden on the budget put by the last-ditch energy subsidies by the outgoing Imran Khan government

Sri Lanka default looms as debt payments halted to save dollars

Sri Lanka's dollar bonds due July 2022 fell 1.8 cents on the dollar on Tuesday to a record low 46.07 cents. The rupee lost 0.5%.

11,000 MT of rice from India reaches Lanka ahead of new year

Sri Lankans will celebrate Sinhala and Tamil New Year on April 13 and 14. This is one of the biggest festivals in Sri Lanka.