Washington – The world is worried after the bankruptcy of Silicon Valley Bank-SVB of the United States and the Credit Suisse of Switzerland. Warnings are being given that some more banks in the United States and Europe will go bankrupt in the future. Due to this, some economists have warned that an even worse economic […]
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Washington – Rising interest rates, the crisis in the banking sector in the US and Europe, and growing differences at the geopolitical level have shaken the stability of the global economy. This impacts the economy’s development, and the world economy’s growth rate will remain around three percent for the next five years, warned IMF (International […]
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Davos: Leading economists around the world have warned that the global economy would likely suffer a recession in 2023. The Chief Economist Outlook report released by the World Economic Forum in Davos highlighted this. Saadia Zahidi, Managing Director of the World Economic Forum, spelt out the finding from a report that as the global economy […]
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Kolkata: India is on track to become a three trillion dollar economy by the fiscal year 2022-23. India’s economy will reach seven trillion dollars in the next seven years, the country’s Chief Economic Adviser, V Anantha Nageswaran, has said. Nageswaran made this claim while speaking at the economic forum of Merchants’ Chamber of Commerce & Industry […]
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Washington: ‘In the future, human society will face unprecedented threats. These threats are slowly building up and we are doing nothing to prevent them,’ warned Nouriel Roubini, a leading American economist. At this time, Roubini compared the dangers of the future to a slow-motion train wreck. American economists warned that the whole world is moving […]
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Washington: President Joe Biden recently claimed that more than ten million jobs were created in the United States during his tenure. However, Biden’s remarks are drawing resentment among American voters. US citizens have expressed concern that even though jobs are being created, their salaries are inadequate in the face of inflation. At the same time, […]
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Moscow: Russian Foreign Minister Sergey Lavrov alleged that the United States is trying to weaken Europe militarily and economically. Lavrov said that not only from Russia but also economists in Western countries are aware of this. A few months ago, US economists also claimed that the Biden administration was making moves to end Germany’s influence. […]
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Washington/Geneva: Slowdown in the Chinese growth rate and falling economic output in the United States are deepening the grip of recession in Europe. The fuel crisis in Europe, dependent on Russian fuel, will continue in the coming times. The President of the World Bank, David Malpass, warned that the economic recession crisis is hovering over […]
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Washington/Beijing: China, the second largest economy in the world, continues to suffer shocks. Last month, it was revealed that China’s economic growth rate had dropped to 0.4 per cent. After that, international investors are also turning their backs on China. According to a US-based Institute of International Finance (IIF) report, foreign investors withdrew large amounts […]
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London: The Bank of England, the central bank, is predicting Britain’s economy to enter recession by the end of this year. The governor of the Bank of England, Andrew Bailey, said that the economic price of the war must be paid and warned Britain to prepare to face the peak inflation index in the next […]
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