Washington: A new report by the World Bank warned that the slowdown in the global economy has gained momentum because of the hit taken due to the Coronavirus pandemic, followed by the Russia-Ukraine conflict. The World Bank has also warned in the report that the decline in the economic growth and the raging inflation will […]
Read More »
Berlin: – A European study group issued a serious warning that the German economy will slide to the lowest level, worse than the state after the second world war, because of crashing exports, in view of the Coronavirus pandemic. Study group ‘Institute for Economic Research’ (IFO) has said that the German economy has declined by […]
Read More »
London – Increased tension due to global geopolitical activities and signs of economic recession has caused central banks to turn their stance towards gold, which is considered a safe investment now. In the first nine months of 2023, central banks have purchased more than 800 tonnes of gold. According to the information shared by the […]
Read More »
Oslo: Norway, the owner of the world’s largest ‘sovereign fund’ (investment fund) and Europe’s top economy, has been harmed by zero per cent growth. In the second quarter of 2023, Norway’s economy registered zero per cent growth due to the decline. Norway’s economy recorded a growth rate of 0.2 per cent in the year’s first […]
Read More »
Las Vegas: ‘The US economy is in very good shape. However, China’s financial recession may threaten the US economy. The downturn in China’s economy will majorly impact neighbouring Asian countries. Besides, the US can’t avoid this crisis either,’ US Treasury Secretary Janet Yellen warned. Just a few days ago, US President Joe Biden claimed that […]
Read More »
New Delhi – The country’s Chief Economic Advisor (CEA), V Anantha Nageswaran, announced that the Indian economy will advance at the growth rate of 7.2% in the fiscal year 2022-23. Nageswaran expressed satisfaction that the country could achieve this target due to the excellent performance of the agriculture, manufacturing, construction and mining sectors. This has […]
Read More »
Washington – The international study group, Institute of International Finance (IIF), has warned that the debt burden on the world economy has reached $305 trillion. The IIF pointed out that factors such as the increasing ageing population in developed countries, growing expenditure on the healthcare sector, additional provision for defence due to geopolitical tensions and […]
Read More »
New Delhi/Seoul – Economists have not agreed on whether there will be an economic recession this year. But there seems to be a consensus among economists that the Indian economy will progress the fastest. It is claimed that the supply chain crisis associated with manufacturing will also affect the economies of major countries worldwide. However, […]
Read More »
New Delhi – The monthly revenue from Goods and Services Tax-GST has reached an all-time high. In the first month of the new financial year, GST collection of Rs 1.87 lakh crore has been collected. This collection is 12 percent higher than in March. Increased GST revenue is considered to be good news for the […]
Read More »
Washington: Union Finance Minister Nirmala Sitharaman has said that the Indian economy is transparent, open and watchable to anyone. Sitharaman claimed that the digitisation introduced by the government had accelerated the economy and has led to an increase in transparency. At the same time, Sitharaman has claimed that globalisation, which benefits a handful, has lagged […]
Read More »
