Page 2 - World Economy

Three problems for world economy

US monetary policy, China and Russia are three difficulties impacting the world economy, together

Covid, conflict and China

For the countries of Europe, the conflict poses existential questions

Investors dump stocks, move to cash as growth outlook weakens: BoFA

Cash levels among investors rose to nearly 6% while allocations to commodities soared to a record 33%.

Economic growth at 7.8%, oil price rise a dampener: S&P Global Ratings

S&P believes that heightened market risk could also pull capital out of Asia's emerging markets, hitting currencies, and raising funding costs.

War in Ukraine, sanctions will have 'severe impact' on global economy: IMF

JPMorgan Chase & Co. economists have cut their outlook for global growth this year by about a percentage point, and raised their inflation estimate.

China lowers GDP target for 2022 to 5.5% from last year's 6.1%

In 2021, China's economy grew by 8.1 per cent 2021, well above the government target

Economic dangers from Russia's Ukraine invasion ripple across globe

Even before Putin's troops invaded Ukraine, the global economy was straining under a range of burdens

Global central banks were on the same page, Ukraine crisis may reshape that

The well-scripted turn by global central banks towards tighter, post-pandemic monetary policy has been into doubt by Russia's invasion of Ukraine.

G20 meeting drafts communique on long-term economic recovery strategy

'It is important for G20 members to show commitment to supporting the world's economic recovery and strengthening coordination in financial and health sectors'

Israel's GDP grows 8.1% in 2021, highest since 2000, says report

The country's GDP increased by 3.6 per cent in 2019, and decreased by 2.2 per cent in 2020 due to the Covid-19 pandemic

Developing nations face growing risks from financial fragility: World Bank

High levels of non-performing loans and hidden debt impair access to credit, and "disproportionately" reduce access to finance for low-income households and small businesses: World Bank

Japan economy grew last quarter on better spending, exports

Japan's real gross domestic product, or GDP, which measures the value of a nation's products and services, grew 1.3 per cent from the previous quarter

$100 oil threatens to compound world economy's inflation shock

That's a worrying combination for the U.S. Federal Reserve and fellow central banks as they seek to contain the strongest price pressures in decades

EU economy should be back on track after winter slowdown: Official

The EU's economy grew by 5.3 per cent in 2021.

Bangladesh sees 6.94% economic growth in 2020-21 fiscal year

The gross national income per capita rose to $2,591 last fiscal year from $2,326 the previous 2019-20 fiscal year.

Asian stock markets slip as US jobs stunner hammers bonds

Geopolitics also remained a worry as the White House warned Russia could invade Ukraine any day and French President Emmanuel Macron prepared for a trip to Moscow

Goodbye easy money as hawkish central banks speed up rate hikes

Rates are rising because policy makers judge that the global inflation shock now poses a bigger threat than further damage to growth from Covid-19

'Too early to say' if world faces sustained inflation: IMF chief Georgieva

The IMF last week cut its economic forecasts for the United States, China and the global economy

China Jan factory activity growth slows, demand wanes as Covid surges

China's economy started last year strong, reviving from a sharp pandemic-induced slump, but it started losing momentum in the summer

Would target $300 bn services exports in 2022-23: Export promotion council

SEPC looks to set an export target of 300 billion for 2022-23 as it expects resumption of regular international travels and other business activities in the coming time