International Monetary Fund Managing Director Kristalina Georgieva. File | Photo Credit: Reuters Risks to financial stability have increased, International Monetary Fund chief Kristalina Georgieva said in a speech delivered in Beijing on March 26, calling for continued vigilance despite moves by advanced economies to calm market stress. The IMF managing director reiterated her view that 2023 would […]
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External Affairs Minister S. Jaishankar. File | Photo Credit: PTI The major concern of G20 would be to find ways of derisking the global economy, External Affairs Minister S. Jaishankar said on Sunday. Delivering a talk here on India’s year-long G20 Presidency, Mr. Jaishankar said the Prime Minister Narendra Modi-led NDA government has tried to […]
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The U.N. General Assembly votes in favour of a resolution upholding Ukraine’s territorial integrity and calling for a cessation of hostilities after Russia’s invasion, Thursday, Feb. 23, 2023, at United Nations headquarters. | Photo Credit: AP India abstains in U.N. vote underscoring need for just, lasting peace in Ukraine India abstained in the U.N. General Assembly on February 23 […]
Continue ReadingImage for representation purpose only. | Photo Credit: AP The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown, with Europe hit hardest, the OECD said, adding that fighting inflation should be policymakers’ top priority. National outlooks vary widely, although Britain’s economy is […]
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Union Finance Minister Nirmala Sitharaman called for collective responsibility of G20 countries to prevent global economic risks from aggravating Union Finance Minister Nirmala Sitharaman called for collective responsibility of G20 countries to prevent global economic risks from aggravating India on Thursday briefed the finance ministers and central bank governors of G20 countries about its agenda […]
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The International Monetary Fund is once again lowering its projections for global economic growth in 2023 The International Monetary Fund is once again lowering its projections for global economic growth in 2023 Two principal economists painted very different pictures on Thursday of what the global economy will look like in the coming years. Kristalina Georgieva, […]
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Paul F. Gruenwald, S&P global chief economist, said a lot depends on how global fund flows behave if there is a recession in the U.S. and Europe. Paul F. Gruenwald, S&P global chief economist, said a lot depends on how global fund flows behave if there is a recession in the U.S. and Europe. Global […]
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European Central Bank faces the prospect of raising interest rates aggressively just as the economy enters a downturn European Central Bank faces the prospect of raising interest rates aggressively just as the economy enters a downturn The eurozone is almost certainly entering a recession, with surveys on Monday showing a deepening cost-of-living crisis and a […]
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The message, sent on Thursday and titled “pause all hiring worldwide”, came two days after the billionaire told staff to return to the workplace or leave. The message, sent on Thursday and titled “pause all hiring worldwide”, came two days after the billionaire told staff to return to the workplace or leave. Tesla CEO Elon […]
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