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 […]
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Paris: It will be ensured that the United States does not treat the European Union as inferior to its neighbours Canada and Mexico. European countries will never tolerate such behaviour. German Chancellor Olaf Scholz has indicated that European countries have taken an aggressive stance against the United States’ ‘Inflation Reduction Act’. On Sunday, France and […]
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Berlin: The federation of German Industries’ chief, the apex body of the industry, issued a serious warning that 25% of the companies in Germany have been preparing to leave the country due to the energy crisis created against the backdrop of the Russia-Ukraine conflict. Other senior officials have confirmed this in Germany, and they allege […]
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Berlin: Germany is on the brink of recession as Russia restrains its energy supply. Germany is now looking at Saudi and UAE to establish cooperation to overcome dependency on Russia. Last week, the German chancellor, Olaf Scholz, urgently visited the Middle East. He signed an important agreement with the UAE and initiated a discussion to […]
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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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Berlin: Germany’s internal state security minister Herbert Reul made a statement to warn that the current energy crisis and soaring inflation could be used to propagate conspiracy theories and carry out subversive activities. He is the internal security minister of North Rhine-Westphalia state, Germany’s largest economy and most populous state. A few days back, 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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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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Berlin: The German Commerce Minister had warned a month ago, ‘The United States was hit by recession following the Lehman Crisis in 2008. If Russia cuts off fuel supplies to Germany, the situation in the country will be similar to the Lehman Crisis. Repercussions of this will be felt all over the world.’ This German […]
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