Page 5 - World Economy

India seen contributing 15% of global growth by fiscal year 2026

The ongoing key reforms such as sops for manufacturing, easier labour laws, wooing FDI inflows and privatisation will help improve productivity, says a report

Looking back, and forward: How economies and economics changed in 10 years

Even as both India and the world struggle to re-build after Covid-19, they face slow-burn problems that could develop into full-blown crises, writes T N Ninan

World economy to bounce back by 2021-end, but risks remain: Group

The OECD, an intergovernmental economic group, said outlook has improved for the first time since the outbreak owing to Covid-19 vaccine progress.

Bumper harvests, healthy stockpiles but coronavirus world is undernourished

Contained global food costs haven't stopped inflation spikes in India, Pakistan and elsewhere, as supply disruptions hit.

Coronavirus isn't going away soon, world must reset hopes for economy

For decades, the world economy relied on central bankers and finance ministers to pull it out of crisis

Covid-19 impact: India's GDP may contract 10.3% in FY21, says IMF

IMF now expected the world economy to fall less severely by 4.4 per cent than 5.2 per cent it projected earlier for 2020

World economy in deep recession in 2020, growth to be - 4.4%: IMF

The IMF predicted a deep global recession this year and the world growth to be - 4.4%, asserting that the global economic crisis is far from over mainly due to the impact of the coronavirus pandemic

Are intellectuals killing convergence?

A historic process of deglobalisation is underway which can scuttle the growth of poor nations. Disturbingly, this shift has been met by silence or even encouragement by those who should know better

Russia's Putin urges end to 'illegal' sanctions to boost world economy

Russian President Vladimir Putin argued on Tuesday that ending illegitimate sanctions against countries like his could boost the coronavirus-hit global economy and create jobs

World Coronavirus Dispatch: World economy to shrink 4.5% this yr, says OECD

The better view reflects the strong economic pickup in recent months and the vast injection of public resources

OECD sees world economy withstanding coronavirus better than forecast

The better view reflects the strong economic pickup in recent months and the vast injection of public resources

Major 20 economies see unprecedented contraction amid Covid-19: Report

A global development agency said the world's 20 major industrialised nations have seen their economies shrink in an unprecedented manner between April and June amid the Covid-19 pandemic

World economy unlikely to attain pre-Covid output level before 2022: Report

With COVID-19 still dominating major developments globally, the world economy is not likely to re-attain pre-pandemic output levels before 2022, says a report. According to Dun & Bradstreet Country Risk and the Global Outlook, "nothing about the pandemic can be classified as over, despite recoveries in activity levels in some economies in Q3, as evident in PMIs (Purchasing Managers Indices), Google Mobility data and monthly economic data". Unemployment will keep rising above the pre-pandemic baseline as government programmes are phased out and cease to protect workers, while the pace of what recovery there is may yet weaken in Q4, said Arun Singh, Global Chief Economist, Dun & Bradstreet. Singh further said "we do not expect the world economy to re-attain pre-pandemic output levels before 2022. The biggest question mark is not over the depth of the recent shock but over its persistence." According to Singh, "in India, the pace of economic revival will depend on how quickly the

How the US can support developing countries fighting Covid-19 for $0

The economic fallout from the pandemic is also a challenge, particularly for governments like Nigeria whose economy, like the majority of African countries, is largely commodity dependent

Steel demand to fall significantly in FY21 due to Covid-19: Chandrasekaran

A contraction in the global GDP is not at all a good sign for the global steel sector as steel demand is positively correlated with the economic growth.

As economy staggers, Sino-US tensions rise, plenty could go wrong this Aug

US election contest gets ugly. Now watch Turkey, at risk of repeating the 2018 lira crisis

Housing sales down 67% in April-June due to Covid-19 lockdown: Report

Gurugram saw 79 per cent fall to 361 units for the period under review as compared to 1,707 units in same period last year

IMF says coronavirus crisis could ultimately test $1 trillion war chest

The IMF on Tuesday forecast a deeper global recession than initially anticipated, as business closures, travel restrictions and social distancing measures persist in most countries

No breakthrough yet from plodding global recovery outlook: Reuters poll

The outlook for a global economic recovery over the past month has worsened or at best stayed about the same, according to a firm majority of economists in Reuters polls

Market Ahead, May 26: Top factors that could guide markets this week

Corporate results will continue to pour in throughout the week. Investors will first react to HDFC's and other results that were announced over the weekend