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Searched Tag: global economy

India's 2024 economic growth revised upwards by United Nations.

UN revises India's 2024 economic growth forecast to 6.9%

May 17, 2024, 09:43 AM - 2 min read

The world economy is now forecast to grow by 2.7 per cent in 2024 (an increase of 0.3 percentage points from the forecast in January) and 2.8 per cent in 2025 (an increase of 0.1 percentage points).

A recent survey suggests that the global economy is primed to maintain its robust momentum throughout the remainder of 2024 and into 2025, contrary to earlier predictions of a slowdown.

Global economy set for strong growth in 2024 defying earlier slowdown fears: Survey

April 26, 2024, 12:19 PM - 2 min read

Nathan Sheets, Global Chief Economist at Citi, stated, "So far we've been marking up growth for the global economy in a number of places including major economies like the U.S. and China, Europe to some extent as well. So it's feeling solid."

The latest reports from the World Bank confirm India's exceptional performance amidst a backdrop of global uncertainty.

India's economy outpacing global growth trends: Economic Secy Ajay Seth

April 19, 2024, 02:50 PM - 2 min read

Seth attributed India's economic success to sustained consumption and investment demand, underpinned by a proactive approach to reforms and sustainable growth initiatives

Scientists have issued a dire warning regarding the economic toll of climate change, projecting $38 trillion annual cost to the global economy within the next 25 years.

Climate Crisis: Global economy faces $38 trillion annual hit within 25 years

April 18, 2024, 01:54 PM - 2 min read

Drawing from an extensive analysis of over 1,600 regions worldwide spanning four decades, the researchers constructed a model to forecast future economic losses attributable to human-induced climate change. They emphasize that these losses, primarily stemming from temperature and rainfall variations, affect critical sectors like agriculture, labor, and infrastructure.

UNCTAD report: Global growth at 2.6%, India's economic surge reaches 6.5%

April 16, 2024, 09:56 PM - 2 min read

The UNCTAD forecasts global growth at 2.6%, with India's economy strong at 6.5%. Europe and the Americas face economic challenges, Africa's growth is modest, and global merchandise trade fell 1% due to trade tensions and shipping disruptions.

The robust growth of the United States emerges as a cornerstone for the ongoing global expansion.

US Economy boom raises inflation alarm

April 15, 2024, 02:18 PM - 2 min read

Concerns loom large over persistent inflation and stringent monetary policies in the world's largest economy. As financial leaders from around the globe convene in Washington for the spring meetings of the International Monetary Fund and World Bank, attention pivots to the outlook for short-term economic fortunes worldwide.

As world leaders converge in Washington for the International Monetary Fund (IMF), World Bank, and Group of 20 (G-20) meetings, they are met with a landscape fraught with economic challenges and geopolitical tensions.

Global economic concerns dominate IMF and WB meetings

April 14, 2024, 07:53 AM - 2 min read

IMF chief Kristalina Georgieva has indicated a slight uptick in the global growth forecast, though cautioning that the world is set for a "sluggish and disappointing decade". This forecast adjustment reflects a mixture of slowing growth, persistent inflation, high interest rates, escalating debt levels, and geopolitical risks that continue to rattle markets.