Source link The Asian Development Bank (ADB) has raised India’s GDP forecast from 6.7% to 7% for the current fiscal year. The South Asian country will remain a “major growth engine” in the Asia-Pacific region, the ADB predicts. India’s GDP will grow 7.2% during the next financial year (2025-26), the Manila-headquartered ADB added. According to […]
Source link The world’s most populous nation may soon overtake its neighbor as leader in global growth by 2028, the outlet is reporting India may overtake China as the engine of global economic growth in the next few years, Bloomberg has reported. The country beat its north-eastern neighbor as the world’s most populous nation a […]
Source link The country’s economy is projected to expand by 5.3% next year, according to a macroeconomic research agency The Chinese economy is expected to grow by 5.3% this year as the property sector recovers and external demand improves, the ASEAN+3 Macroeconomic Research Office (AMRO) said on Monday. In its latest report, the Singapore-based group […]
Source link Beijing’s “non-market” policies should be rebuffed through appropriate “countermeasures,” Katherine Tai has said Market-based US and European economies are struggling to survive against China’s “very effective” alternative economic model, a top US trade representative has warned, according to Euractiv. Katherine Tai told a briefing in Brussels on Thursday that Beijing’s “non-market” policies will […]
Source link The former head of the Reserve Bank of India Raghuram Rajan is not wrong about the economy being a “work in progress.” But he overlooks PM Modi’s strategy of growing it to $30 trillion by 2047 Last week Raghuram Rajan, former governor of the Reserve Bank of India (RBI) and former International Monetary Fund […]
Source link The development poses a risk to the possibility of a Palestinian state, human rights commissioner has warned New Israeli settlements in the occupied West Bank have experienced record growth, according to the United Nations High Commissioner for Human Rights Volker Turk, who stressed that they risk eliminating any practical possibility of a Palestinian […]
Source link Companies across the UK are cutting back on hiring amid the prevailing economic uncertainty, a report says UK workers may face lower wage increases this year as employers are mulling cutting pay rises amid persisting economic woes, a recent report by the Chartered Institute of Personnel and Development (CIPD) has found. The drop […]
Source link The German government will revise down its forecast for economic growth in 2024 to 0.2% from an earlier projection of 1.3%, Economy Minister Robert Habeck has warned, according to Bloomberg. Habeck is expected to present the government’s latest economic report and updated forecasts next Wednesday. As among the key factors weighing on the […]
Source link Christian Lindner says that the country is no longer competitive and is falling behind economically Germany’s inability to generate economic growth is making the country poorer, Finance Minister Christian Lindner said on Monday while speaking at a Bloomberg event in Frankfurt. A prolonged period of little or no expansion is inevitably having consequences […]
Source link New digital solutions and mechanisms have added roughly one trillion rubles to GDP, Mikhail Mishustin has said The Russian economy outpaced its European peers in terms of growth last year, expanding by 4%, Prime Minister Mikhail Mishustin stated on Friday, citing the latest calculations. He said the main driver behind the above-average growth […]
Source link Narendra Modi’s government has introduced a series of reforms to transform the country into a ‘developed nation’ The most populous country in the world will constitute a high-powered committee to consider the challenges arising from “fast population growth and demographic changes.” The move was announced as part of India’s interim budget, unveiled on […]
Source link The economy is projected to grow much more rapidly this year than previously expected The IMF significantly raised its growth forecast for the Russian economy in 2024 in its latest World Economic Outlook update released on Tuesday. The Washington-based institution now expects Russian GDP to grow by 2.6% this year, a sharp increase […]
Source link The South American country’s economy is now projected to contract for a second straight year The International Monetary Fund (IMF) has revised down its economic outlook for Argentina, forecasting a second straight year of negative growth amid President Javier Milei’s push for what the IMF report calls a “significant policy adjustment” in his […]
Source link With the economy surging, New Delhi has been buying crude from whomever offers the lowest price, an Oilprice report notes India is set to overtake China as the single biggest driver of global oil demand growth by 2030, Oilprice reported on Wednesday, citing analysts and forecasters. India’s economy has seen “robust” growth over […]
Source link Russia has not only withstood the pressure of Western sanctions and outside risks but has also managed to steer its economy toward sustainable growth, Prime Minister Mikhail Mishustin said on Tuesday. Every sector of industry registered positive developments over the past year, according to the official. “We have managed to neutralize external risks […]