Tags Global Economy

Tag: Global Economy

Business

India’s fiscal position ‘solid’ amid global headwinds: Finance ministry

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The global economy is facing fresh challenges in the form of “adverse geopolitical turns and volatile crude oil prices”, and if these risks...
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Business

India’s per capita FMCG consumption low compared to other economies: HUL MD

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Hindustan Unilever’s (HUL's) managing director and chief executive officer, Rohit Jawa told investors that India's per capita FMCG (fast moving consumer goods) consumption...
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Business

Fed leaves rates unchanged at 5.25-5.50%, sees tighter policy through 2024

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The U.S. Federal Reserve held interest rates steady on Wednesday but stiffened its hawkish stance, with a further rate increase projected by the...
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Business

Global debt fell as share of GDP in 2022, may resume rising trend: IMF

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The International Monetary Fund on Wednesday said that the global debt as a share of economic output fell significantly in 2022 for the...
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Business

Fed’s Powell says higher rates may be needed, will move ‘carefully’

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By Howard Schneider and Ann Saphir The Federal Reserve may need to raise interest rates further to ensure inflation is contained, Fed Chair Jerome...
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Business

28% tax on online gaming to become effective from Oct 1, says FM

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28 per cent tax on online gaming to become effective from Oct 1, says FM Sitharaman after GST Council meeting. "Delhi, Goa, Sikkim...
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Business

India to remove retaliatory customs duties on eight US-origin products

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India will remove additional duties on eight US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's...
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Business

Bank of England hikes rates to 5% to tackle inflation, highest since 2008

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The Bank of England raised interest rates by a bigger-than-expected half a percentage point on Thursday after it said there had been "significant"...
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Business

Bank of Japan keeps low rates and dovish guidance, markets not so sure

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The Bank of Japan maintained its ultra-easy monetary policy on Friday despite stronger-than-expected inflation, signalling it will remain a dovish outlier among global...
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Business

World Bank offers dim outlook for global economy on higher interest rates

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The global economy is likely slowing sharply this year, hobbled by high interest rates, the repercussions of Russia's invasion of Ukraine and the...
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