Global Growth

COVID-19 Lockdown Impact: Fitch Ratings says Indian economy to contract 5% in FY21; forecasts global GDP to fall by 4.6% in 2020

Fitch Ratings on Tuesday forecast the Indian economy to contract 5 percent in the current fiscal on account of the slump in economic activities following a "very severe" lockdown that has lasted much longer than expected

G20 finance heads eye impact of coronavirus outbreak on global growth, see modest pick-up in 2020, 2021

The G20 finance ministers and central bank heads faced a sober presentation by the International Monetary Fund (IMF), which predicted the epidemic would shave 0.1 percentage points off global growth.

Economist Intelligence Unit lowers global growth forecast for 2020; cites new risks due to coronavirus outbreak in China

The Economist Intelligence Unit's baseline scenario is that the public health emergency within China will be under control by end-March

World Bank trims 2020 global growth forecast to 2.5% amid slow recovery for trade, investment

The World Bank on Wednesday trimmed its global growth forecasts slightly for 2019 and 2020 due to a slower-than-expected recovery in trade and investment despite cooler trade tensions between the United States and China

Nomura upgrades India to 'overweight' after Nirmala Sitharaman announces a slew of measures to stimulate growth

Giving in to the demands of overseas investors, Sitharaman on Friday announced a rollback of enhanced surcharge on foreign portfolio investors levied in the Budget.

RBI likely to cut interest rate again in June; elevated fiscal deficit to leave little room for further cuts: IHS Markit

RBI had cut interest rate by 25 basis points each in February and April to boost economic growth

Sensex plunges over 300 points in early trade on sinking rupee, soaring crude prices; Yes Bank, ICICI Bank, Maruti among losers

Bucking weak market trend, TCS, PowerGrid, HCL Tech, Infosys, HDFC Bank and NTPC rose up to 1.31 percent.

RBI to remain watchful on growth, financial stability; GDP will reach 7.2% in current fiscal: Shaktikanta Das

Inflation has remained below target, averaging 3.6 percent for the period under the inflation targeting framework so far, RBI governor said

Global growth outlook 'precarious' amid trade tensions; pauses in rate hikes to help boost activity in H2: Christine Lagarde

She previewed new IMF research showing that rising trade barriers were hurting investment in plant, machinery and job creating projects.

Gold hovers near five-week lows as firm dollar, optimism over likely US-China trade deal dent appeal

Spot gold was up 0.2 percent to $1,288.46 per ounce, after slipping to $1,282.50 in the previous session, its lowest since 25 January.