-ThePrint.in IMF Managing Director Kristalina Georgieva said Sunday that US, Europe and China are all slowing down simultaneously, making 2023 tougher than 2022 for the global economy. Singapore: Oil prices slid on Tuesday from their highest levels in a month on a stronger dollar and after the head of the International Monetary Fund warned of a tougher 2023 as major economies experience weakening activity. Brent crude futures dropped 98 cents, or 1.1%, to...
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A reality check -Renu Kohli
-The Telegraph India’s economic recovery is uneven India’s ranking as one of the world’s fastest growing economies — a bright spot in a troubled and slowing world economy — routinely figures in the public discourse. It was upheld even as oil prices zoomed and inflation surged early this year. It did not waver when growth forecasts were lowered some six months ago. It wasn’t rattled when growth underperformed in the April-June quarter....
More »5.6 crore Indians plunged into poverty in 2020, says World Bank
-Scroll.in Data from a survey conducted by think tank CMIE had to be used as India has not published official figures since 2011, the financial body said. A total of 5.6 crore Indians slipped into poverty in the pandemic year of 2020, the World Bank said in a report on Wednesday, citing data from a household survey conducted by think tank Centre for Monitoring Indian Economy. The findings of the Consumer Pyramids Household...
More »IMF paints a gloomy growth picture -Partha Ray and Parthapratim Pal
-The Hindu Business Line Nations must rely more on innovative, home-grown solutions to deal with the uncertain economic situation The International Monetary Fund (IMF), in its latest July 2022 World Economic Outlook (WEO) Update, foretells a story of a gloomy and more uncertain outlook for the global economy. While the global growth was projected at 3.6 per cent in April 2022, as per the latest July 2022 projections, it is 3.2 per...
More »"Beg India To Reconsider Wheat Export Ban As Soon As Possible": IMF Chief
-NDTV.com India banned wheat exports earlier this month as an intense heat wave hit output and domestic prices hit a record high. Davos: International Monetary Fund (IMF) chief Kristalina Georgieva on Tuesday implored India to reconsider its ban on wheat exports, saying the country could play a key role in international food security and global stability. "I do have an appreciation for the fact that India needs to feed nearly 1.35 billion people...
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