Page 13 - Global Economy

Exports: India's window of opportunity

The possibility of a sharp recovery for the economy can only be realised through a strong focus on exports.

Covid leaves Indian adults poorer by 6.1% in 2020: Credit Suisse

The drop in the wealth of Indian adults in 2020, according to Credit Suisse, was amplified by exchange rate depreciation

Oil price falls but sentiment stays strong on demand recovery hopes

Brent crude futures for August eased 10 cents, or 0.1%, to $74.80 a barrel by 0110 GMT, while US West Texas Intermediate (WTI) crude for July was at $73.44 a barrel, down 22 cents, or 0.3%

American Renaissance has begun

Nobody knows where this national journey of discovery will take us, but the voyage has begun

Japan Inc lag far behind women empowerment in management roles: Poll

Japan's global ranking on gender parity stood at 121 of 153 countries in a World Economic Forum report for 2020

Bank of England to look through temporary inflation rise, says Poll

Inflation will peak at 2.4% in the final quarter of this year before gradually scaling down, the June 14-17 poll found

How the GDP magic failed

Book review of GDP: The World's Most Powerful Formula and Why it Must Change

G7's Cornwall rendezvous

The group's relevance was tested again

For Cornwall, the G7 summit 2021 brings mix of disruption and hope

US President Joe Biden and leaders from Canada, France, Germany, Italy and Japan are arriving for three days of talks starting Friday at the tiny village of Carbis Bay, near St Ives in Cornwall

G7 eyes allocating $100 bn from IMF funds to Covid-ravaged nations: US

The issue will be on the table when G7 leaders discuss how to help steer the world's recovery from the coronavirus pandemic at a three-day summit in Cornwall, England, which began on Friday

Oil prices rise to fresh multi-year highs on fuel demand recovery

Brent crude futures edged up 13 cents to $72.65 a barrel to 1145 GMT, a day after closing at their highest since May 2019

Reopening US economy heat up inflation; labour market recovery gets a boost

May's inflation drivers appear to be temporary, fitting in with Federal Reserve Chair Jerome Powell's repeated assertion that higher inflation will be transitory

'Winners' and 'losers' from Covid-19

China is a clear winner; US a distant second; Europe and the UK are among the losers; India an also-ran

Global supply chain squeeze, soaring costs threaten solar energy boom

The situation suggests slower growth for the zero-emissions solar energy industry at a time world governments are trying to ramp up their efforts to fight climate change

World Bank boosts growth forecasts as US stimulus, vaccines stoke demand

Emerging markets excluding China are expected to grow 4.4% in 2021

Global economy expected to expand 5.6% in 2021, says World Bank

This would be the fastest post-recession pace in 80 years

Several downsides to economic cooperation between US and South Korea

The two countries are not truly committed to greening the global economy because their manufacturing and exports still depend on dirty energy

India elected to UN Economic and Social Council for 2022-24 term

India has been elected to the Economic and Social Council, one of the six main organs of the United Nations, for the 2022-24 term

Japan upgrades first-quarter GDP on smaller hit to domestic demand

The economy declined an annualised 3.9% in January-March, not as bad as the preliminary reading of an annualised 5.1% contraction

Fed tapering and emerging markets

The year 2021 will be one of the strongest years for global growth in history