‘With China’s economic slowdown, the global economy feels afresh, the need of a pivot and India could play this very role, that of the fulcrum of the global economy’, said the Finance Minister Arun Jaitley expressing his confidence. Addressing investors during his visit to Japan, Jaitley claimed that India’s economic development program would pick up […]
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Doha – US’s leading economist Nouriel Roubini warned that the Biden administration’s failure to take a firm decision on raising the debt ceiling could have serious consequences. He said this would lose confidence in the US dollar, and global markets would collapse. He added that the results will be seen on Wall Street in the […]
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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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Lusaka/Washington: ‘The US debt crisis threatens the stability of the world economy. Therefore, the US does not have the right to make baseless accusations against other countries just for vested interests’, the Chinese Embassy said as it sternly criticised the US Treasury Secretary Janet Yellen. Yellen is currently on tour to Africa, where she commented […]
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Gandhinagar: Commerce and Industry Minister Piyush Goyal believes exports from India’s services sector will reach $300 billion this fiscal year. The Minister of Commerce pointed out that this performance of India’s service sector is significant even when there is a global economic upheaval. Mr Goyal has also claimed that this was an extremely good performance […]
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Cairo/Beijing: African countries have been in trouble due to the Corona epidemic, the food shortage caused by the Russia-Ukraine conflict and the recession-like situation in the world economy. In such a situation, the international community had demanded, including African countries, that China, which provides the most loans to African countries, should waive the debt of […]
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Washington: The USD is currently at its highest level in two decades and the rest of the world’s economies are suffering the consequences. The International Monetary Fund (IMF) has warned that the USD’s strength is becoming problematic and its effects are beginning to show. This warning from the IMF is getting support from other countries […]
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Washington: On Wednesday, the US central bank ‘Federal Reserve’ announced an increase in interest rates by half a per cent. After this announcement, the interest rate in the US reached 3.25%, the highest since 2008. While announcing this, the Federal Reserve also indicated that interest rates in the United States will be increased to 4.6% […]
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Moscow: Russia’s President Vladimir Putin has warned that sanctions imposed on Russia by the West over the Ukraine conflict have led to a global economic crisis, food shortages and starvation among several developing countries. Russia is facing tough sanctions, and its economy is slowly recovering, he said. Amid Putin’s claims, Russia’s currency, the Ruble, has […]
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Washington – The International Monetary Fund (IMF) has warned that economic growth will continue to be unbalanced in the wake of the Corona outbreak, leading to increased poverty, discontent and geopolitical tensions. The IMF report warned that although the economy is expected to grow by the end of 2021. However, it will slow down again […]
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