World Economy

How economic brinkmanship is not a solution post-Covid world wants

After three years of the pandemic and one and a half years of Russia’s invasion of Ukraine, the global economy needs more cooperation than confrontation

India to remain brightest spot in world economy with 5% growth in Jan-March quarter

India is set to release data on Wednesday that is expected to show the economy grew by 5 per cent in the January-March quarter from a year earlier, accelerating from 4.4 per cent in the previous quarter due to steady urban demand and government spending

Lengthy internal debate over US debt battle 'unnecessary' for world economy, says IMF chief

The struggle over US borrowing limits between US President Joe Biden and opposition Republicans has spooked international markets, with an early June deadline nearing

Explained: How a US debt default would affect the global economy

The repercussions of a first-ever default on the US federal debt would quickly reverberate around the world. Experts say that 'no corner of the global economy would be spared'

IMF raises economic outlook for Asia; sees India, China to contribute half of global growth in 2023

"Asia and Pacific will be the most dynamic of the world's major regions in 2023, predominantly driven by the buoyant outlook for China and India," the IMF said in its regional economic outlook report.

Need to think of the unthinkable, as we live in more shock-prone world: IMF warns

Kristalina Georgieva said IMF believes that a cost of living crisis which triggered in many countries following global inflation spike is subsiding

India a 'bright spot' in world economy right now: Top UN economist

India's economic growth is expected to remain "strong" even as prospects for other South Asian nations "are more challenging," Hamid Rashid said

Is the US headed for a recession? Will unemployment rates rise? The economic forecast of the year

The current US inflation rate stands at 7.1 per cent and interest rates rising and housing costs have increased. Economic pundits forecast a recession for 2023. But it still remains to be seen how bad it will be for people

World economy to experience recession in 2023, says Centre for Economics and Business Research

The CEBR takes its base data from the IMF’s World Economic Outlook and uses an internal model to forecast growth, inflation and exchange rates

Ukraine war sets back world economy's comeback from COVID-19 pandemic crisis

Global growth forecasts have been repeatedly cut, with the International Monetary Fund now expecting a 3.2 per cent expansion compared to nearly five per cent earlier