Global Growth

Showing of 1 - 20 from 33 results
Global Growth - Total results - 33
COVID-19 Lockdown Impact: Fitch Ratings says Indian economy to contract 5% in FY21; forecasts global GDP to fall by 4.6% in 2020
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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.

Rupee rises for 4th day; up 14 paise at 71.31 per dollar on persistent foreign fund inflows
Business

Rupee rises for 4th day; up 14 paise at 71.31 per dollar on persistent foreign fund inflows

The rupee opened stronger at 71.37 a dollar. The local unit moved in a range of 71.44 to 71.03, before finally ending at 71.31, showing a gain of 14 paise

Farm loan waivers will not solve agrarian distress, says IMF chief economist Gita Gopinath; suggests cash transfers instead
Business

Farm loan waivers will not solve agrarian distress, says IMF chief economist Gita Gopinath; suggests cash transfers instead

Notwithstanding the modest downward revisions, Gopinath said risks to more significant downward corrections are rising

WEF summit opens amid gloomy outlook for global economy; meet calls for equitable, inclusive world
Business

WEF summit opens amid gloomy outlook for global economy; meet calls for equitable, inclusive world

The WEF annual meeting for 2019 began with crystal awards function and was followed by an opening concert.

Petrol, diesel prices hiked second time this month on weak rupee; crude falls by 1% as US increases supply
Business

Petrol, diesel prices hiked second time this month on weak rupee; crude falls by 1% as US increases supply

Petrol price hit record peaks of Rs 84 per litre in Delhi and Rs 91.34 in Mumbai on 4 October, 2018.

Gold climbs to six-month peak on global growth concerns, govt shutdown in US; silver, platinum rise too
Business

Gold climbs to six-month peak on global growth concerns, govt shutdown in US; silver, platinum rise too

Spot gold climbed 0.3 percent to $1,271.85 per ounce. The metal hit $1272.56 in early trade, its highest since 20 June.

RBI's monetary policy committee sounds cautious on inflation, prefers to wait for more data to decide interest rate outlook
Business

RBI's monetary policy committee sounds cautious on inflation, prefers to wait for more data to decide interest rate outlook

India’s November headline inflation fell to its lowest in 17 months, to 2.33 percent, well below the RBI’s medium-term target of 4 percent.

Global growth outlook for 2019 dims for first time; US-China trade war to trigger next downturn: Poll
Business

Global growth outlook for 2019 dims for first time; US-China trade war to trigger next downturn: Poll

The latest shift in growth expectations comes on the heels of a deep sell-off in financial markets, especially emerging ones, largely driven by trade concerns.

Fitch ups India's growth forecast for current fiscal to 7.8%; flags rising oil bill and higher interest rates as key concerns
Business

Fitch ups India's growth forecast for current fiscal to 7.8%; flags rising oil bill and higher interest rates as key concerns

Fitch cut China's growth projection for 2019 by 0.2 percentage points to 6.1 percent. Global growth is estimated at 3.3 percent for 2018 and 3.1 percent for 2019

Bill Gates says jobs growth in India is linked to quality education; universities and schools must foster innovation
Business

Bill Gates says jobs growth in India is linked to quality education; universities and schools must foster innovation

Microsoft founder Bill Gates believes the private sector is where most jobs will be created, and that there is opportunity to get way more out of the private sector.

World Bank projects global growth at 2.7% in 2017 amid pick up in manufacturing, trade
Business

World Bank projects global growth at 2.7% in 2017 amid pick up in manufacturing, trade

Recovery in trade growth in 2017 is supported by stronger demand from major advanced economies, increased trade flows to and from China