Goldman Sachs News
For 2023, it has pegged the GDP growth at 5.9 per cent compared to projected expansion of 6.9 per cent in 2022. Growth is expected to be a tale of two halves, with a slower first half in 2023 as the reopening boost fades and monetary tightening weighs on domestic demand
According to America's National Bureau of Economic Research, a recession is 'a significant decline in economic activity' that is widespread and lasts several months. That means not only shrinking GDP but also declining incomes, employment, industrial production and retail sales
Blankfein stated that there is a 'narrow path' for the Federal Reserve to avoid recession. The investment banker added that bringing inflation down to the central bank's target of 2 percent is 'going to involve some pain'
According to its latest annual report, the firm's exposure to Russia stood at $650 million at the end of 2021, with the vast majority tied to claims by private actors and borrowers.
Indian start-ups have raised $10 billion through IPOs so far this year — more money than was raised in the last three years, the investment bank said in a report dated 19 September
Big businesses donate to both political parties and say their support is tied to narrow issues of specific interest to their industries. Now, a flurry of companies are reviewing their giving practices.
India reports 7,466 COVID-19 cases, 175 deaths in 24 hours; Jan-March GDP figures paint a gloomy picture ahead
The number of COVID-19 cases in India climbed to 1,65,799 while toll reached 4,706 with the country registering over 7,000 new cases on Friday
COVID-19 Impact: GDP growth dips to 3.1% in Jan-Mar quarter, slowest growth in 8 years; economy grows at 4.2% in FY20
The gross domestic product (GDP) had expanded by 5.7 percent in the corresponding quarter of 2018-19, according to data released by the National Statistical Office (NSO) on Friday.
Coronavirus Lockdown: GDP data set to show economy grew at its slowest pace in 2 years in March quarter, says report
Unlike some advanced economies, India’s stimulus package has largely focussed on subsidised credit to small businesses and farmers, while direct fiscal stimulus was limited to around 1 percent of the GDP, economists said.
India must cautiously but swiftly ease strictures as COVID-19 phobia threatens to kill more people than the virus has.
Coronavirus Lockdown: Indian economy to contract 5% in FY21, worst-ever performance by country, says Goldman Sachs
American brokerage Goldman Sachs expects the Indian economy to contract by 5 percent in FY21, making it the worst performance by the country ever
Goldman pushes ahead with 1,460 India hires, internships; proceeds with expansion plan despite uncertainties
A spokesman for Goldman stressed that the Indian graduates were existing offers the bank was honoring and not new hires. He said the bank was still recruiting globally, but proceeding more cautiously in light of the crisis.
Two foreign brokerages on Friday predicted a contraction of 0.4 percent of India's GDP in the current financial year due to the impact of the COVID-19 pandemic
Stock market gains alongside economic pain driven by massive boost from Fed; some worry about over-optimism
The US stock market has changed its mood swiftly since 23 March—when the S&P 500 dropped as much as 35 percent below its 19 February peak.
Stock Markets Latest Updates: Benchmark indices rebound from early losses as Sensex jumps over 200 points, Nifty close to 9,000-mark
Stock Markets LIVE Today Updates: Benchmark indices pare losses; Sensex 96 points down, Nifty above 8,900-level
The scrip of IndusInd Bank on Thursday went rose over 4 percent after Goldman Sachs (Singapore) picked up shares worth over Rs 176 crore in the company through an open market transaction
World stock markets slide after virus-driven plunge in US retail sales, factory output; dire economic outlook weighs on Asia
World stock markets fell on Thursday, while bonds and the dollar held on to hefty gains
OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic; cut unprecedented deal
OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic; unprecedented deal made with oil producing nations
Coronavirus Outbreak: GDP to decline to 1.6% as key sectors to witness fall in business, says Goldman Sachs
On 20 March, Fitch had projected India''s GDP growth for 2020-21 at 5.1 percent, lower than 5.6 percent estimated in December 2019.
Nascent optimism is budding on Wall Street that the worst of the selling may be over, but markets around the world remain tentative amid uncertainty about whether global authorities can nurse the economy through the pandemic.