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  • World Bank projects global economy to shrink by 5.2% in 2020

    World Bank projects global economy to shrink by 5.2% in 2020

    World | June 09, 2020 8:09 IST

    The global economy is on track to shrink by 5.2 per cent this year amid the COVID-19 pandemic, the deepest recession since the Second World War, the World Bank Group said in its latest Global Economic Prospects.

  • Global economy to plunge into worst recession since WW-II:

    Global economy to plunge into worst recession since WW-II: World Bank

    Business | June 08, 2020 20:50 IST

    ​The global economy, which has plunged into a severe contraction, will shrink by 5.2 per cent this year due to the massive shock of the coronavirus pandemic and the shutdown measures to contain it, the World Bank said on Monday. 

  • Oil giant Saudi Aramco sees 2019 profits drop 20% to 88.2 Billion Dollars

    Oil giant Saudi Aramco sees 2019 profits drop 20% to 88.2 Billion Dollars

    Business | March 15, 2020 18:36 IST

    Oil giant Saudi Aramco said Sunday its profits dropped 20% in 2019 to $88.2 billion, a sharp decline coming as the kingdom stands ready to flood an already-weakened global energy market amid the new coronavirus pandemic.

  • Indian economy grows to USD 2.75 trillion in FY19 despite

    Indian economy grows to USD 2.75 trillion in FY19 despite slowing global economy: Economic Survey

    Budget | July 04, 2019 17:36 IST

    The size of Indian economy has grown to USD 2.75 trillion in 2018-19 from USD 1.99 trillion in 2015-16 even as global economy has faltered, according to the Economic Survey 2018-19.

  • Global Economy

    IMF forecasts world economy to grow at 3.1 pc in 2016

    October 05, 2016 7:16 IST

    The International Monetary Fund (IMF) on Tuesday maintained its forecast for global growth in 2016 at 3.1 per cent, saying the subpar trend will continue without determined policy action.

  • World Bank

    World Bank downgrades its forecast for 2016 global economy to 2.4 percent

    June 08, 2016 11:24 IST

    Washington: The World Bank is reducing its forecast for the global economy this year — again. The aid agency predicted Tuesday that the world economy will expand 2.4 percent this year, down from the 2.9

  • IMF

    Global economy to grow at 3.2 per cent in 2016: IMF

    World | April 12, 2016 22:45 IST

    Washington: The global economy will grow at 3.2 per cent in 2016 and 3.5 per cent in 2017, the IMF forecast today in a downward revision of its previous estimates and sought an immediate and

  • india only economy not affected by global economic crisis

    India only economy not affected by global economic crisis: PM Modi

    February 14, 2016 16:32 IST

    New Delhi: India is the only economy which has not been affected by the global economic crisis which has hit the world, primarily due to the policies being implemented by the government, Prime Minister Narendra

  • india can elude global slowdown with reforms planning

    India can elude global slowdown with reforms, planning: Jaitley

    January 23, 2016 23:44 IST

    Davos: Reforms along with responsible planning can help India confront the global economic slowdown, Finance Minister Arun Jaitley said today in Davos.In his assessment of how India can confront an uncertain global economy with headwinds

  • indian economy sees firming growth says oecd

    Indian economy sees 'firming growth', says OECD

    September 09, 2015 8:14 IST

    London: Amid the global economy witnessing mixed trends, Paris-based think tank OECD on Tuesday said India is expected to see "firming growth" while the outlook for China continues to deteriorate.Besides, most of the major European

  • pm modi asks industry leaders to take risk make investments

    PM Modi asks industry leaders to take risk, make investments

    Politics | September 08, 2015 21:54 IST

    New Delhi: Prime Minister Narendra Modi today met top CEOs, bankers, economists and ministers to discuss ways to bolster the economy amid global slowdown.The meeting, with the agenda 'Recent Global Events: Opportunities for India', was

  • india a bright spot in global economy president

    India a bright spot in global economy: President

    India | September 04, 2015 6:53 IST

    New Delhi: India was one of the bright spots in the global economy with moderating inflation, lower current account and fiscal deficits, strong forex reserves and stable tax policies, President Pranab Mukherjee said on Thursday."In

  • india to take up currency devaluation issue at g20

    India to take up currency devaluation issue at G20

    September 03, 2015 19:08 IST

     New Delhi: Ahead of the meeting of G20 finance ministers and central bank governors in Turkey, India today said competitive devaluation of currency is a major threat to stability in the global economy. "The recent devaluation of major

  • india s exports to be hit by yuan devaluation fieo

    India's exports to be hit by yuan devaluation: FIEO

    August 12, 2015 9:12 IST

    New Delhi: India's exports will be hit and the trade deficit might widen after the devaluation of Chinese currency yuan by 2%, which is bound to raise the competitiveness of outbound shipments from the neighbouring

  • india a bright spot in global economy arun jaitley

    India a bright spot in global economy: Arun Jaitley

    Politics | July 15, 2015 23:10 IST

    New Delhi: Terming India as a "bright spot" among the global economies, Finance Minister Arun Jaitley today said the manufacturing sector is showing signs of revival aided by government's Make in India initiative.Stating that India

  • us treats india as pawn in its strategy chinese daily

    US treats India as pawn in its strategy: Chinese daily

    World | January 20, 2015 12:48 IST

    Beijing: The US is only treating India as a pawn in its rebalancing strategy to the Asia-Pacific region, a Chinese daily said on Tuesday.The daily, Global Times, said that developing a good relationship with India

  • imf applauds india for cutting fuel subsidy

    IMF applauds India for cutting fuel subsidy

    January 18, 2015 14:42 IST

    Washington: The International Monetary Fund (IMF) had lauded India's efforts to cut fuel subsidies, saying the fall in global crude oil prices provides a golden opportunity to reduce energy subsidies.While speaking about the outlook for

  • world bank cuts global economic outlook for 2015

    World Bank cuts global economic outlook for 2015

    January 14, 2015 16:07 IST

    New Delhi: The World Bank has cut its outlook for global growth and warned that the world's economy is "running on a single engine."The global development lender predicted that deepening trouble in the eurozone, Japan

  • global slow growth opportunity for india arun jaitley

    Global slow growth opportunity for India: Arun Jaitley

    January 08, 2015 7:26 IST

    Kolkata: Observing that India needs to create an environment for cyclic investments and ease norms of doing business, Union Finance Minister Arun Jaitley on Wednesday pointed to the ongoing global slow growth as an opportunity

  • crude oil prices remain near five and a half year lows

    Crude oil prices remain near five-and-a-half year lows

    January 07, 2015 11:24 IST

    New Delhi: Oil prices remained near five-and-a-half year lows in early Asian trading on Wednesday. Oil prices are down almost 10 per cent this week to hit their lowest since spring 2009.Analysts say a supply