Monday, October 18, 2021
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World Economy

World economy in 2021

The speed at which the pandemic can be contained will have a huge bearing on how the world economy performs

World economy unlikely to revive before 2022: Report

The steady rise in case-loads, even as India demonstrates one of the highest recovery rates, and the spillover effects of the strict lockdown measures undermines the growth impulses in Q2 and Q3 of the fiscal year.

‘India to be one of the few bright spots’

JK Paper Chairman Bharat Hari Singhania said in almost 170 countries, people are likely to face a decline in average income over the previous year as well.

World economy to contract at least 6% in 2020: OECD

In the case of a second wave of contagion later in the year, economic output could shrink by as much as 7.6 per cent, it warned. In both scenarios, recovery will be "slow and uncertain".

India’s growth rate projected to slow to 1.2% in 2020: UN report

"The national lockdown in India, for example, is expected to depress economic growth to just 1.2 percent, much lower than the already disappointing growth in 2019.”

Large global contraction in the first half of 2020 inevitable: IMF

"The first priority must be to limit the human toll from the pandemic. Policymakers must use all instruments at their disposal to slow the pandemic's spread."

Asian markets tumble again after virus sparks Wall St collapse

Hong Kong and Shanghai lost more than one percent, while Seoul, Jakarta and Taipei dropped more than three percent. Tokyo ended the morning down 0.5 percent.

Sensex tanks over 2,000 pts in global equity carnage; Nifty gives up 9,400

IndusInd Bank was the top loser, tanking up to 12 per cent, followed by ICICI Bank, HDFC, Axis Bank, Titan, Tata Steel and Bajaj Finance.

COVID-19 outbreak could cost global economy USD 2 trillion: UNCTAD

"This will stymie the bolder policy interventions needed to prevent the threat of a more serious crisis and increases the chances that recurrent shocks will cause serious economic damage in the future.”

Global equity markets crash on virus fears, oil prices plunge

"Saudi Arabia launched an all-out oil war Sunday with the biggest cut in its prices in the past 20 years."

US reports fourth coronavirus infection of unknown origin

"This new case indicates that there is evidence of community transmission but the extent is still not clear."

South Korea virus cases surge as WHO sounds maximum alert

"This new case indicates that there is evidence of community transmission but the extent is still not clear."

Terrorism results in USD 1 trillion loss to world economy: PM Modi

Leaders of Brazil, Russia, India, China and South Africa on Thursday opened the 11th BRICS Summit where deliberations are took place on key areas such as trade, investment and counter-terrorism

India recognises the need for sustainable development strategy: IMF

"It is important to recognize that India is especially vulnerable to climate change."

China wants joint front with India against US’ ‘ugly’ trade war

"This will surely have an impact on the emerging markets and the developing countries because it also based on the international order that relies on that."

Turbulence ahead for economy

The next government will have to overcome significant challenges to infuse stability and stronger growth

UN warns paradigm shift needed to avert global climate chaos   

Earth's surface has warmed one degree Celsius (1.8 degrees Fahrenheit) -- enough to lift oceans and unleash a crescendo of deadly storms

World economy cheers up

As headwinds from the global financial crisis subside, policy makers must focus on tackling issues that hinder sustainable development

FICCI predicts 7.4% GDP growth for India in 2017-18

The situation calls for improving the investment climate in the country, enhancing hard and soft infrastructure and continuing the efforts on tackling the issue of non-performing assets.

US ready to participate in China’s Silk Road project

"US firms can offer the best-value goods and services required over the life of a project," said US delegate Matt Pottinger, who is special assistant to Trump.

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