New Delhi: Concern is being expressed that the United States, European countries, Japan and China will all be hit by the economic recession. It will also have some impact on India’s growth rate. However, the Indian economy is unlikely to face the risk of recession. Rajiv Kumar, former Vice Chairman of NITI Aayog, has expressed […]
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Washington: – The Zero Covid policy implemented by President Xi Jinping in China for the past few months along with the real estate crisis are going to affect the Chinese economy. There is a possibility of China’s economy taking a hit of five trillion dollars in the coming five years when Xi Jinping will continue […]
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Washington: The global economy has faced the toughest and most complex challenges in the last four decades. Former US Treasury Secretary Larry Summers warned that the World Bank, IMF and leading central banks failed to recognize these dangers. Meanwhile, the US study group ‘The Conference Board’ has released a report saying that the world’s leading […]
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Washington: Inflation flare-up, rising interest rates and the Russia-Ukraine conflict have a significant impact on the economy, and the world economy, including the United States, will be hit by a recession in the next six to nine months, warned Jamie Dimon, the Chief of JPMorgan. Dimon has consistently been making aware of the possibility of […]
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Berlin: – German thinktank ‘Institute of Employment Research’ (IAB) claimed that the German economy would take a hit worth $265 billion over the next few years given the Russia-Ukraine conflict and the fuel price rise. The IAB reports also predict that there will be a decline of nearly 1.7% in the German GDP in the […]
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Washington: US economist Michael Hudson has concluded that the sanctions imposed on Russia by America and European countries have boosted the Russian economy. These sanctions have ended the dependence on the Russian economy. In addition, Hudson claimed that Russia’s efforts to de-dollarize to stop transactions in dollars have succeeded beyond imagination. After the United States […]
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Washington: The International Monetary Fund (IMF) claimed in its new report that the global economy will get divided into groups on the geopolitical level, given the Russia-Ukraine conflict. The IMF recently released the report ‘World Economic Outlook’ for the second quarter of the financial year. The report mentions the perceived threats to the global economy […]
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Beijing: The outbreaks of Coronavirus pandemic, the crisis in the housing sector and the heat wave have resulted in a major decline in the Chinese economy. The Chinese economy could register a growth rate of a meagre 0.4% in the April-June quarter. This is the lowest since 2020. International analysts have raised doubts about the […]
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Moscow: While the Russian military campaign in Ukraine is completing four months, Russia has started preparations to expand the scope of the campaign. The Russian parliament has approved the proposal containing essential provisions related to the War Economy. The proposal has a provision that the Russian companies will have to supply war-related factors. Russian Deputy […]
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Tiruppur: Union Commerce Minister Piyush Goyal has expressed confidence that India’s economy will jump to $30 trillion in the next 30 years if it maintains a growth rate of 8 per cent per annum. The commerce minister confidently said that the Indian economy, currently at $3 trillion, can reach these heights in three decades. Some […]
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