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world economy
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World economy in crisis due to vaccine gap amongst nations, IMF Chief warns
Bloomberg | | Posted by Shanza Khan
PUBLISHED ON JUL 28, 2021 08:06 PM IST
The International Monetary Fund (IMF) has warned that unequal access to vaccinations is expanding the recovery gap between advanced and developing economies.
10 ways Covid-19 has changed the world economy forever
By Bloomberg | Posted by Ayshee Bhaduri
UPDATED ON DEC 30, 2020 10:10 AM IST
The takeover of factory and service jobs by robots will advance, while white-collar workers get to stay home more. There’ll be more inequality between and within countries. Governments will play a larger role in the lives of citizens, spending, and owing, more money.
Reset, refresh, rejuvenate: How approaches to financial planning need to change post-pandemic
Hindustan Times, New Delhi | By hindustantimes.com
UPDATED ON DEC 22, 2020 04:53 PM IST
The economic fallout has caused a seismic shift in the attitude towards money. Job losses, salary cuts, and shutdown in businesses have upended lives for many.
World facing new Bretton Woods moment: IMF MD
Washington | By Press Trust of India| Posted by Ayshee Bhaduri
UPDATED ON OCT 15, 2020 05:07 PM IST
What was true at Bretton Woods, where allies at the end of World War II gathered to create the institutions that would use economic cooperation to prevent future conflicts, remains true today.
IMF recommends three policy priorities to overcome Covid-19 crisis
Washington | By Press Trust of India| Posted by Susmita Pakrasi
UPDATED ON OCT 14, 2020 08:14 PM IST
Releasing Global Policy Agenda at the start of the annual meetings of the International Monetary Fund (IMF) and the World Bank, Georgieva said three measures are needed to overcome the crisis and build a brighter future.
A new science, tech innovation policy
By Harsh Vardhan
PUBLISHED ON OCT 07, 2020 09:45 AM IST
It seeks to protect the diversity of innovation, harness entrepreneurial potential, steer change
Covid-19 highlighted importance of diversification and resilience of supply chains, says Jaishankar
Hindustan Times, New Delhi | By HT Correspondent
PUBLISHED ON AUG 20, 2020 02:02 PM IST
The Covid-19 crisis has shown up the lack of multilateralism at a time when it “was most in demand”
Global growth potential tumbles as unemployment spikes, says Fitch
By Bloomberg | Posted by Kanishka Sarkar
UPDATED ON JUL 28, 2020 10:34 AM IST
The world economy entered the second half of 2020 still deeply weighed down by the pandemic. The coronavirus recession is expected to still see GDP levels in the largest advanced economies remain around 3% to 4% below their pre-virus trend path by the middle of this decade, Fitch said.
Bitcoin jumps above $10,000 for the first time in six weeks
By Bloomberg | Posted by Kanishka Sarkar
UPDATED ON JUL 27, 2020 07:42 AM IST
Bitcoin, which crypto fans have often touted as “digital gold,” is in favour as the yellow metal nears record levels, concerns rise about the health of the world economy and the dollar falls.
Australia’s migration intake to fall by over 2 lakh due to Covid-19; Indians affected
Melbourne | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON JUL 26, 2020 06:59 PM IST
While the effects of the Covid-19 pandemic on the Australian economy are still evolving, migration, which is a key driver of the economy, has been hit following the travel bans, border closures imposed earlier this year since the contagion began.
Chinese economy bounces to 3.2% growth in second quarter after shrinking in first
Hindustan Times, Beijing | By Sutirtho Patranobis| Posted by Susmita Pakrasi
UPDATED ON JUL 16, 2020 09:30 PM IST
The Chinese economy was also the first major economy to gradually reopen after bringing the outbreak under control even as it rages worldwide.
Asian markets hit by new lockdowns, fresh China-US tensions
Hong Kong | By Agence France-Presse| Posted by Susmita Pakrasi
PUBLISHED ON JUL 14, 2020 02:19 PM IST
After hitting lows in March, markets have been surging thanks to government support and optimism that the world economy will bounce back as crippling lockdowns are eased.
Housing sales down 67% in Apr-Jun in 9 cities due to Covid-19: Report
New Delhi | By Press Trust of India | Posted by Anubha Rohatgi
UPDATED ON JUL 10, 2020 02:36 PM IST
New launches fell 78 per cent to 11,967 units, while unsold inventories were down 5 per cent to 6,07,665 units during the period under review.
Covid-19: World economy that took elevator down faces steep stairs back up
By Bloomberg | Posted by Arpan Rai
PUBLISHED ON JUL 05, 2020 11:04 PM IST
Even with those rescue efforts, the world is still suffering its worst economic crisis since the Great Depression.
Covid-19: Millions of jobs could be permanently lost in reallocation shock
By Bloomberg | Posted by Saumya Sharma
UPDATED ON JUN 16, 2020 02:16 PM IST
Lost jobs don’t come back and unemployment stays elevated. That would force workers to retrain or relocate, both of which are hard, and governments to do more than just try to spend their way out of trouble.
‘Too early to predict Covid impact on railways’, says Piyush Goyal
Hindustan Times, New Delhi | By HT Correspondent, New Delhi
UPDATED ON JUN 05, 2020 03:54 AM IST
Piyush Goyal said we gave a lot of thrust to agriculture. PM Kisan was expanded to cover all farmers. Another Rs 1 lakh crore for farm gate infrastructure was announced.
Lockdown Diaries: Punjab; standing between hunger and India by Amandeep Sandhu
Hindustan Times | By Amandeep Sandhu
UPDATED ON APR 22, 2020 04:44 PM IST
The nation needs to build efficient medical systems and value the farmer who provides food security
Covid-19: A large global contraction in the first half of 2020 inevitable, says IMF
Washington | By Press Trust of India
UPDATED ON APR 18, 2020 06:47 AM IST
IMF Managing Director Kristalina Georgieva said a severe economic impact in the first half of 2020 is inevitable and the pandemic encounters weak public health systems.
IMF leader says coronavirus is ‘crisis like no other’
Geneva | By Associated Press
UPDATED ON APR 04, 2020 12:46 PM IST
The IMF leader is calling on countries to prioritize health expenditures and to make sure doctors, nurses and other health workers are paid.
Coronavirus update- India, China possible exceptions as world economy stares at recession: UN
United Nations | By Press Trust of India
UPDATED ON MAR 31, 2020 12:19 PM IST
Covid-19 update:The report, however, did not give a detailed explanation as to why and how India and China will be the exceptions as the world faces a recession and loss in global income that will impact developing countries.
Gold prices rally Rs 455 on rupee depreciation, global cues
New Delhi | By Press Trust of India
UPDATED ON MAR 16, 2020 04:12 PM IST
In the previous trade, the precious metal had closed at Rs 41,155 per 10 gram. Silver prices, however, dropped by Rs 1,283 to Rs 40,304 per kg from Rs 41,587 per kg in the previous trade.
Coronavirus outbreak could cost global economy up to USD 2 trillion: UNCTAD
United Nations | By Press Trust of India
UPDATED ON MAR 10, 2020 07:21 PM IST
The UN agency said that apart from the tragic human consequences of the COVID-19 epidemic, the economic uncertainty it has sparked will likely cost the global economy USD 1 trillion in 2020.
Coronavirus: Global economy is gripped by rare twin supply-demand shock
Bloomberg | By Christopher Anstey and Enda Curran
UPDATED ON MAR 05, 2020 07:14 AM IST
The supply-cum-demand blows explain why the world economy is sliding toward its weakest expansion since the 2009 recession, with policy makers’ inflation targets becoming all the more unreachable.
China’s factory activity posts record contraction as coronavirus bites
Beijing | By Agence France-Presse
PUBLISHED ON FEB 29, 2020 07:52 AM IST
The announcement comes as the epidemic has rapidly spread to a growing number of countries.
Growth slowdown in India temporary, says IMF chief
Davos | By Press Trust of India
UPDATED ON JAN 24, 2020 04:58 PM IST
Speaking here at the WEF 2020, she also said the world appears a better place in January 2020 compared to what it was when IMF announced its World Economic Outlook in October 2019.
IMF puts ‘lion’s share’ of blame on India for lower global growth projections
Hindustan Times, Washington | By Yashwant Raj
UPDATED ON JAN 20, 2020 09:52 PM IST
The world economy will grow at 2.9%, 3.3% and 3.4% 0 in 2019, 2020 and 2022 respectively, according to the Fund’s January update of the World Economic Outlook.
No agreement on China tariff rollback: Donald Trump
Washington | By Agence France-Presse
UPDATED ON NOV 09, 2019 06:57 AM IST
Amid a steady stream of conflicting reports, Trump’s remarks appeared to push back against Beijing’s claims that the two sides had agreed to remove tariffs in stages as part of a partial deal announced last month.
Three guidelines on behaviour during a crisis
UPDATED ON NOV 12, 2019 04:26 PM IST
In 2008, after the stock market collapsed, some people lost their money, others made millions. One should be ready to face crisis and turn it into opportunity.
New IMF chief says global economy suffering ‘synchronized slowdown’
Washington | By Agence France-Presse
UPDATED ON OCT 08, 2019 09:53 PM IST
Grinding trade disputes are undermining the global economy, which is set to see its slowest growth in nearly a decade, the new IMF chief said Tuesday.
World economy at crossroads: Singapore deputy PM
Hindustan Times, New Delhi | By Shreya Nandi
PUBLISHED ON OCT 04, 2019 03:16 AM IST
Heng Swee Keat highlighted three global trends and challenges—the retreat from globalization in some parts of the world, rapid technological change, and growing inequality.
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