Page 4 - Global Economy

WTO slashes 2022 global trade growth forecast on Russia-Ukraine war

Report from global trade watchdog said the Russia-Ukraine conflict, now in its seventh week, has damaged the world economy at a critical juncture as the pandemic continues to weigh on recovery

Russia-Ukraine war complicates ECB's rate hike considerations

The Russia-Ukraine war has added to the uncertainties amid which the ECB chose to adopt a prudent stance in formulating its agenda for rate hikes, according to minutes released by the central bank.

Sri Lanka must restructure $1 bn debt, needs stability: Outgoing finmin

With its foreign exchange reserves shrinking quickly, massive debt payments due and the rupee currency slumping, analysts say the government is running out of options

Surging prices nudge Asia's reluctant central bank hawks off the sidelines

There has been a marked shift in the language of some of the region's less hawkish central banks on worries the renewed surge in commodity costs

Global sovereign debt to rise almost 10% to new high in 2022: Report

Governments across the world have ramped up borrowing since the Covid-19 pandemic erupted two years ago, as they tried to shield their economies from the fallout.

Monitoring political, economic developments in Sri Lanka very closely: IMF

The International Monetary Fund (IMF) said on Tuesday that it is monitoring political and economic developments in Sri Lanka "very closely" as public unrest in the island nation grows

World Bank says war shocks to drag on Asian economies in coming months

Disruptions to supplies of commodities, financial strains and higher prices are among the impacts of the war in Ukraine that will slow economies in Asia in coming months, says the World Bank

Russia-Ukraine fallout starts felling fragile 'frontier' economies

A handful were already on the brink of debt crises in the wake of the COVID pandemic, the war's resulting surge in energy and food prices, however, have undoubtedly made things worse.

India-Australia sign trade pact; bilateral trade to reach $45 bn in 5 years

This is the first trade agreement with a developed economy after over 10 years

Emerging macro instability

Global economy is reeling from new supply shocks

A world that's more expensive is starting to destroy demand

Global food prices set a record last month, according to UN, as Russia-Ukraine invasion disrupted shipments from countries that, together, supply 1-quarter of world's grain and much of its cooking oil

Investors dump emerging market funds on slowdown worries

According to Refinitiv Lipper, a cumulative $8.1 billion has flowed out of EM equity funds and $5.73 billion from bond funds in the past four weeks

Global economic growth for 2022 projected down to 2.6% due to Ukraine war

The UN Conference on Trade and Development (UNCTAD) has cut its global economic growth projection for 2022 to 2.6 per cent from 3.6 per cent due to the ongoing Ukraine-Russia conflict

Russian tycoons now $8.3-billion richer as stock trading resumes

Scores of Russian billionaires got sanctioned by the EU and the UK after the Kremlin started its war against Ukraine

Banking system stable, says Sri Lanka as $1.4-bn bonds near maturity date

Sri Lanka faces an economic crisis as it struggles to pay for essential imports of food and fuel

Beyond $400 billion

Exports need policy support

A safari with Davos Man

With frequent references to private jets, yachts and oceanfront mansions, Mr Goodman's book runs the risk of descending into a lefty screed.

Best of BS Opinion: Slipping on oil prices, Sri Lanka nears crisis & more

Here are the best of BS Opinion pieces of the day

Sri Lanka nears crisis

More help needed for the island nation's faltering economy

Unfolding global developments pose risks to Indian economy, says RBI

The RBI also said that a rapid and large withdrawal of fiscal support risks pushing the economy over the cliff into a sharp downturn