Page 3 - Global Economy

China's zero-Covid rules to impact freight costs, global inflation

China's 'witless' rules have left hundreds of cargo ships stranded on the ports which will impact freight costs and global inflation.

Oil prices tumble over 1% on global economic worries, strong dollar

The fall in oil prices reflected trends in global financial markets as investors shed riskier assets on worries about higher interest rates and their impact on economic growth.

Live: Sri Lanka PM quits, MP dies in standoff, Rajapaksa property attacked

LIVE news updates: Prime Minister Mahinda Rajapaksa's resignation came hours after clashes broke out in Colombo

Building buffers and using them

Letting the rupee weaken may be the least bad option; raising interest rates to slow imports is too blunt an instrument

China's stringent Covid curbs threatens to derail world's emerging markets

Fresh Covid outbreaks are spooking global investors who fear shutdowns in China will echo across the world by lowering demand and disrupting supply chains

Supply chains flare up again, endangering global economy's recovery

Some observers say now is a good time to focus on different metrics than traditional measures of employment, prices and gross domestic product

Sri Lanka crisis: Trade Unions demand President Rajapaksa's resignation

Hundreds of trade unions in Sri Lanka have been staging a nationwide protest over the mishandling of the economic crisis and have called for the immediate resignation of President Rajapaksa

Global economy to expand more slowly as inflation bites: Reuters poll

Even without those future risks, median forecasts for global growth collected in this month's Reuters polls on over 45 economies were chopped to 3.5% this year

IMF says it held 'fruitful' discussions with Sri Lanka on loan request

IMF on Saturday said that it held "fruitful technical discussions" with Sri Lankan authorities on the island nation's request for an IMF-supported loan program this week.

Sitharaman meets OECD Secretary General, discusses bilateral engagement

India will hold the Presidency of the G20 from December 1, 2022 to November 30, 2023, culminating with the G20 Summit in India in 2023

India's high growth rate positive news for world: IMF Managing Director

A high growth rate for India is positive news for the world, IMF MD Kristalina Georgieva has said.

Dollar edges up 0.16% but cautious as finance ministers G7 meet

The dollar index - which measures the currency against six peers including the yen - ticked up 0.16% to 100.50, following its retreat in the previous session from a more than two-year peak of 101.03

IMF, World Bank chiefs warn of debt squeeze in world's poorest nations

As interest rates rise, the debt pressures are mounting on developing countries, and we need to move urgently towards solutions, World Bank President David Malpass said

Global leaders discuss debt crisis in US in wake of Sri Lankan problem

Sri Lanka's bitter debt crisis experience has emerged as one of the major topics of discussion among the global financial leaders

Global growth hit by prolonged inflation, supply chain disruptions: FM

Global growth momentum is dampened by prolonged inflation, supply chain disruption, volatility in energy markets and investor uncertainty, said Finance Minister Nirmala Sitharaman while taking part in the G20 Finance Ministers and Central Bank Governors meeting in Washington DC.Under the Indonesia presidency, the Union Finance Minister at G20 said that it is well placed to catalyse international policy coordination to deal with macroeconomic consequences."FM Smt. @nsitharaman spoke at the #G20 Finance Ministers & Central Bank Governors #FMCBG meeting under #G20Indonesia presidency in Washington D.C., today. Meeting agenda included #global economic outlook & risk, international financial architecture & #globalhealth," the finance ministry said in a Tweet on Thursday."FM Smt. @nsitharaman noted that global growth momentum is dampened by prolonged #inflation, #supplychain disruption, volatility in #energymarkets and investor uncertainty," the ministry said ...

First protest death boosts calls to oust Sri Lanka President Rajapaksa

Sri Lanka's economic crisis -- the worst since it gained independence more than 70 years ago -- has brought angry citizens to the streets demanding the ouster of the Rajapaksa family

Financial stability risks risen amid Russia-Ukraine conflict: IMF

"Global financial conditions have tightened notably" and downside risks to the economic outlook have increased as a result of the Russian-Ukraine war, according to Global Financial Stability Report

IMF cuts global growth forecast due to 'seismic waves' from Ukraine war

The war is expected to slow growth and further increase inflation, the IMF said in its latest World Economic Outlook

Statsguru: From India to US, six charts show rising global inflation

In the US, consumer price inflation has been higher than in India for the last seven months

Indian economy looks better than others, but don't raise a cheer just yet

The comparative numbers spell bad news for the world rather than any good news for India, whose growth forecasts are getting tempered even as the inflation picture is getting worse, writes T N Ninan