Washington: Economist Nouriel Roubini has concluded that the US economy will soon collapse due to inflation flareup, rising unemployment and reduced production. He further warned that interest rate hikes by the Federal Reserve to curb inflation would increase the debt burden and hamper economic growth. Roubini had earlier predicted an economic recession in 2008-09. Therefore, […]
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Mumbai: The Indian economy will develop at a rate of 7.4 per cent in the fiscal year 2023. Union Finance Minister Nirmala Sitharaman stated that the same growth rate would also continue in its next financial year. With the confirmation from RBI, the finance minister, in a program organised in Mumbai, stated that India will […]
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New Delhi: India’s economy is doing well compared to other countries, despite the shocks of huge upheavals at the international level. This is because the country’s economy is built on not one but many foundations. This has created the ability of India’s economy to withstand international shocks, said Ashima Goyal, member of the Monetary Policy […]
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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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Beijing: China, the world’s second-largest economy, is still in recession. Last month, it was revealed that China’s economic growth rate had dropped to 0.4%. After that, there are indications that the crisis in China’s ‘Real Estate’ sector is taking a more serious form. International financial institutions have predicted a 30% drop in China’s housing and […]
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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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Brussels/Washington: The US economy slide in the second successive quarter was announced on Thursday. It was notified within 24 hours that inflation had flared up even in the Eurozone. Germany, the leading European economy, has reported a zero economic growth rate for the second quarter. These successive statistics indicate that recession is looming over the […]
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Gandhinagar: Prime Minister Narendra Modi congratulated the people of India by saying that India is now one of the countries that shape the global economy like the United States, United Kingdom and Singapore. The Prime Minister was speaking at a program organised by ‘Gujarat International Finance Tech-GIFT’ near Gandhinagar, Gujarat. The Prime Minister inaugurated the […]
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New Delhi: Cryptocurrency poses a threat to the country’s economy. Reserve Bank has openly stated its concerns regarding this. Union Finance Minister Nirmala Sitharaman said that citing the threats posed to the economic and financial stability, the Reserve Bank has demanded a ban on Cryptocurrency. The Finance Minister gave this striking information in the written […]
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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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