Global economy set to ‘weaken’ in 2024: WEF report
No region is slated for "very strong growth" in 2024, says WEF’s Chief Economists Outlook
No region is slated for "very strong growth" in 2024, says WEF’s Chief Economists Outlook
WTO says growth projections in global trade scaled back on a continued slump that began in Q4 2022
Distress signals: In FY23, average income and consumption may not breach FY20 level, fiscal spending is lower than FY21 and FY22 and trade deficit zooms to 6% of GDP by December 2022
Apart from denying exports-led growth opportunity, India’s aversion to trade with big and powerful blocs would shut the door to global supply and value chains
For India, IMF says revision reflects mainly less favourable external conditions and more rapid policy tightening
World Trade Report comes ahead of WTO's 12th Ministerial Conference in Geneva during November 30-December 3.
The new spurt in infections has suddenly added uncertainty to the domestic growth outlook amidst tightening of restrictions by some state governments.
The veteran of the investment industry argues that this decade will witness an export-led growth. And while IT and pharma would rule the economy, other smaller industries, too, will jostle to rise up.
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.