Washington- ‘Normally speaking, or at least until five or six years ago, we were used to India not doing very well. India is having a lot of trouble, and so on, and the rest of the world is doing much better. It’s the other way around now; if India does well in attracting investment, this […]
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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: China’s economy has been hit hard by the frequent Covid outbreaks over the past year. In 2022, China’s economy registered a growth rate of just three per cent. This is the lowest level since 1976. China’s growth rate has fallen by more than half compared to 2021. In 2021, China had achieved a growth […]
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Tokyo: Considering the growing threat in the Pacific region due to the increasing possibility of a Chinese attack on Taiwan and North Korean missile tests, Japan has announced a substantial increase in its defence spending. On Friday, Japan announced the new national security policy. It highlighted the need for an unprecedented increase in defence spending […]
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New Delhi: Prime Minister Narendra Modi delivered the message that India expects the concept of One World instead of dividing the world into First World and Third World. Prime Minister Modi gave this message while unveiling the emblem of the G-20 while the chairmanship is coming to India. The Prime Minister frankly expressed the Indian […]
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Berlin: In the wake of the Russia-Ukraine conflict, the process of globalisation has come to a standstill. Besides, there is no possibility of its recovery. At the same time, there is a risk of fuel shortage and inflation is also likely to continue. The head of Deutsche Bank, Christian Sewing, warned that due to these […]
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Berlin: – German thinktank ‘Institute of Employment Research’ (IAB) claimed that the German economy would take a hit worth $265 billion over the next few years given the Russia-Ukraine conflict and the fuel price rise. The IAB reports also predict that there will be a decline of nearly 1.7% in the German GDP in the […]
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Beijing: China, the world’s second-largest economy, is still in recession. Last month, it was revealed that China’s economic growth rate had dropped to 0.4%. After that, there are indications that the crisis in China’s ‘Real Estate’ sector is taking a more serious form. International financial institutions have predicted a 30% drop in China’s housing and […]
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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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Beijing: The outbreaks of Coronavirus pandemic, the crisis in the housing sector and the heat wave have resulted in a major decline in the Chinese economy. The Chinese economy could register a growth rate of a meagre 0.4% in the April-June quarter. This is the lowest since 2020. International analysts have raised doubts about the […]
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