New York – Production in China, considered the world’s factory, has slowed down due to corona pandemic, power shortages and other serious problems. This has led countries worldwide, which depend on China for products and raw materials, to feel the need for a ‘Global Reset’. This means the creation of a new centre of global […]
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Washington: – An international financial institution, S&P Global Ratings, has forecast the global debt to reach 260% of the GDP and warned of an increase in defaulter companies on defaulters. S&P Global Ratings noted that the policies announced by various countries during the Coronavirus pandemic are the main reason for the rising debt burden. Although […]
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Beijing: – Analysts claim that a series of shocks to China’s economy will hit the post-Corona recovery of the global economy once again. The Chinese government released the economic data for July. It shows a slowdown in industrial production, retail sales, e-commerce and investment sectors. Asian stock markets have plummeted in the wake of Chinese […]
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London: – Oxfam International, a voluntary organisation, has presented a disturbing report that the Coronavirus pandemic, increasing conflicts and the problems of climate change are claiming 11 starvation deaths every minute. Oxfam claimed that there is a Hunger pandemic going on in the world along with the Coronavirus pandemic. More than 20 million people are […]
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Beijing: – Economists have warned that the number of senior citizens is increasing consistently in China, which could deliver major jolts to the global supply chain and financial sector. Last week, China announced the population statistics. The Chinese population has reached 1.411 billion, and out of these, 264 million are senior citizens. The growth rate […]
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Berlin/Washington: German Health Minister Jens Spahn appealed during a meeting of the World Health Organisation (WHO) Wednesday that “the world is still insufficiently prepared for future epidemics and the risks they pose. Therefore, its structure needs to be rebuilt.” As part of the WHO initiative, a new global hub will be set up in Germany for research […]
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New Delhi: – The Minister of State for Finance, Anurag Thakur, said it is clearly visible that the Indian economy is rising again, leaving the Coronavirus crisis behind. In February, foreign institutional investment in the country stood at around Rs 25,787 crore. Citing this, the Minister of State for Finance expressed confidence that the country’s […]
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New Delhi: The Organisation for Economic Cooperation and Development (OECD) claimed that India would emerge as the fastest growing economy globally, with a growth rate of 12.6%. A few months ago, this institute had predicted that the Indian economy would grow at 7.9% during the year 2021-22. But the prediction has been revised. The government’s […]
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Washington/Beijing: – Since the last few months, China is claiming that its economy is coming back on track. A new report says that the real picture is different. The thinktank China Beige Book claimed that the Chinese economy could not return to normal before the end of first quarter of 2021. The report says that […]
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London: – British Finance Minister Rishi Sunak claimed that the economy of the United Kingdom, may be faced with the biggest slide in 300 years, given the situation created by the Coronavirus pandemic. While speaking in the British parliament, British Finance Minister Rishi Sunak said that the GDP of the United Kingdom, the sixth-largest economy […]
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