Washington – The international study group, Institute of International Finance (IIF), has warned that the debt burden on the world economy has reached $305 trillion. The IIF pointed out that factors such as the increasing ageing population in developed countries, growing expenditure on the healthcare sector, additional provision for defence due to geopolitical tensions and […]
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Hyderabad: Today’s security concepts are not limited to territorial, internal, and economic security. It also includes food and health security. Foreign Minister S Jaishankar claimed that the world had learned this lesson after the Corona outbreak and the Ukraine conflict. External Affairs Minister Jaishankar expressed hope that the G20 countries should seriously consider how to […]
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Davos: Leading economists around the world have warned that the global economy would likely suffer a recession in 2023. The Chief Economist Outlook report released by the World Economic Forum in Davos highlighted this. Saadia Zahidi, Managing Director of the World Economic Forum, spelt out the finding from a report that as the global economy […]
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Beijing: There are indications that the decline in the global economy will continue for some time. This has been a matter of great concern; the International Monetary Fund (IMF) warned of a possible economic slowdown, in such words. The World Bank, World Trade Organization (WTO) and OECD have confirmed this statement of the Monetary Fund. […]
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Washington: The global economy has faced the toughest and most complex challenges in the last four decades. Former US Treasury Secretary Larry Summers warned that the World Bank, IMF and leading central banks failed to recognize these dangers. Meanwhile, the US study group ‘The Conference Board’ has released a report saying that the world’s leading […]
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Washington: Inflation flare-up, rising interest rates and the Russia-Ukraine conflict have a significant impact on the economy, and the world economy, including the United States, will be hit by a recession in the next six to nine months, warned Jamie Dimon, the Chief of JPMorgan. Dimon has consistently been making aware of the possibility of […]
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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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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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Washington: Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), warned that the situation developing in the last three months is darkening the future of the global economy. The threats for the economy are increasing and the possibility of the Global economy being hit by recession in the next year cannot be denied.’ The […]
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Washington: A new report by the World Bank warned that the slowdown in the global economy has gained momentum because of the hit taken due to the Coronavirus pandemic, followed by the Russia-Ukraine conflict. The World Bank has also warned in the report that the decline in the economic growth and the raging inflation will […]
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