Topic: Economy
Global growth will be weak in 2023 before rebounding next year: IMF
The global economy is set to slow down this year before bouncing back in 2024, a senior official with the International Monetary Fund (IMF) has said, citing China’s sudden re-opening following the end of its “zero-COVID” policy, and a mild winter, in Europe as factors.
Adani Group loses Rs 2 lakh crore in market cap days after Hindenburg report
The Adani group lost nearly Rs 2 lakh crore in market capitalisation in early trading hours on Friday, taking the overall decline in its market capitalisation to over Rs 2.75 lakh crore since Tuesday’s closing.
Global growth forecast to slow to 1.9% in 2023, warn UN economists
Senior UN economists warned on Wednesday that intersecting crises are likely to add further damage to the global economy, with growth set to slow from three per cent in 2022 to 1.9 per cent this year.
“No sign of promised recovery”: Opp as India’s GDP growth slows for third straight quarter
India’s economic growth slowed to the lowest in a year in the first three months of 2022.
COVID pandemic stalls global economic recovery: UN report
The UN’s key report on the global economy, released on Thursday, shows that the rapid spread of the Omicron COVID-19 variant has put the brakes on a rapid recovery, counteracting signs of solid growth at the end of last year.
Indians are in “a moment of great pain”: Nobel prize winner Abhijit Banerjee
Indians are in "extreme pain" and the country's economy is still below the 2019 levels, with "small aspirations" of people becoming even smaller now, Nobel prize winner for Economics in 2019, Abhijit Banerjee has said.
