IMF says risks to financial stability have increased, calls for vigilance

[ad_1] 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 […]

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Derisking global economy a key concern of G20: EAM Jaishankar

[ad_1] 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 […]

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Morning Digest | India abstains in U.N. vote on Ukraine; Gandhis likely to stay away from Congress steering committee meeting, and more

[ad_1] 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 […]

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Europe to be hit hardest in global slowdown, says OECD

[ad_1] Image 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 […]

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Sitharaman briefs G20 FMs on its 2023 presidency agenda

[ad_1] 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 […]

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IMF warns of higher recession risk and darker global outlook

[ad_1] 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 […]

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Recession unlikely to hit India due to ‘not so coupled’ nature with global economy: Rating agency S&P

[ad_1] 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. […]

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Europe heading for recession as cost-of-living crisis deepens

[ad_1] 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 […]

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Musk feels ‘super bad’ about economy, needs to cut 10% of Tesla jobs

[ad_1] 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 […]

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