New Delhi: 2020’s Economy Survey Report is published. It is expected that India’s economy will progress with 6 to 6.5% growth rates in the year 2020-2021. Moreover, it is advised that the fiscal deficit will have to be overlooked to give impetus to the development. Chief Financial Advisor Krishnamurthy Subramanian has expressed confidence that the […]
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Brussels/Berlin: Both Germany and the United Kingdom, known to be the mainstays of the European economy are reeling under the shadows of recession. The German economy has fallen by 0.1% in the third quarter of 2019 and has recorded a decrease in demand for industrial production in the last two months. The investments in the […]
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Tehran: The Iranian economy has plunged into a crisis, and the country has been hit with peak inflation due to stringent sanctions imposed by the US in the last year. The Iranian citizens are complaining about food prices that have shot up by 50% to 100%. Moreover, the government, too, has tremendously failed to bring […]
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Beijing: A Chinese economist and analyst, has made a dramatic statement saying that it was possible to sever the economic and trade ties, between the two leading economies of the world, the United States and China. The Chinese economist has drawn the world’s attention with the statement, just as the trade war US President Donald […]
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Tehran: Inflation in Iran has gone up by a whopping 37%, and the Iranian people have to pay ten times the price for purchases. It is said that the Iranian people have to shell out 130,000 Rials per US dollar. At the same time, unemployment has moved up to 12%, rendering more than 3 million […]
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Washington/Brussels: The International Monetary Fund (IMF) has warned of a major slide in the European economy owing to the trade war at the international level, No Deal Brexit and the increasing debt burden on countries like Italy. The IMF, issuing this warning, in its report released on Thursday, has pointed out that the growth rates […]
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Washington: The World Bank warned that Iranian oil exports are almost nil because of the harsh US sanctions. Oil exports being the primary source of funding in the Iranian economy; this is affecting the Iranian markets. Therefore, Iran may face an unprecedented recession.’ The World Bank also criticised the economic policies of the Iranian President […]
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Washington/London: The trade war between the United States and China is intensifying by the day, and even the global investors and big corporates have not been able to asses the effects properly. The economists have claimed that over the last few months, the manufacturing sector in Europe as well as Asia, is taking a major […]
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Iranian President Hassan Rouhani expressed a concern that the Iranian economy has become sick because of the new sanctions imposed by the United States and to recover from this all the political parties have to come together; otherwise, Iran will be faced with a much worse condition, than the one faced after the Iraq war. […]
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Dubai: Deterrent effects of the US sanctions are apparent in the Iranian economy. The crisis in the Iranian economy will continue for the second consecutive year and by this year-end inflation will reach 40%, warned the International Monetary Fund (IMF). IMF has claimed in its annual report that the harsh US sanctions against the Iranian […]
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