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Economy

November 15, 2023 4:55 PM

IMF head expects agreement with Pakistan this week on funding review

The International Monetary Fund (IMF) expects an agreement with Pakistan this week on targets for the first review of a $3 billion bailout, IMF Managing Director Kristalina Georgieva said on Wednesday, clearing the way for additional funding. "I exp...

November 15, 2023 9:48 AM

Japan’s economy contracts as recession risks grow

Japan's economy contracted in July-September, snapping two straight quarters of expansion on soft consumption and exports, complicating the central bank's efforts to gradually phase out its massive monetary stimulus amid rising inflation. Gross dome...

November 13, 2023 2:56 PM

APEC’s growth to slow as persistent inflation, US-China tensions weigh- Report

Economic growth among Asia Pacific Economic Cooperation countries is expected to decline next year and remain below the global average as higher interest rates slow U.S. growth, as China continues to struggle with its recovery and tensions between th...

November 9, 2023 3:56 PM

India’s growth outlook soars: Fitch raises medium-term forecast to 6.2%, Morgan Stanley shares optimism

In an upward revision, Fitch Ratings has increased India's medium-term potential growth forecast from 5.5 per cent to a robust 6.2 per cent. These positive changes were underpinned by a more favourable outlook for the capital-to-labour ratio. This p...

November 7, 2023 4:34 PM

IMF upgrades China’s 2023, 2024 GDP growth forecasts

China's economy is set to grow 5.4% this year, having made a "strong" post-COVID recovery, the International Monetary Fund (IMF) said on Tuesday (November 7), making an upward revision to its earlier forecast of 5% growth, while expecting slower grow...

November 7, 2023 1:47 PM

Centre launches ‘Bharat Atta’ at subsidised rate of Rs 27.50/Kg ahead of Diwali

In a move to alleviate the impact of food inflation on the public, the Union Minister for Consumer Affairs, Food, and Public Distribution, Piyush Goyal, launched the sale of of 'Bharat Atta' (wheat flour) at subsidized rates of Rs 27.50 per kilogram....

November 3, 2023 11:03 AM

RBI offers convenient Option to send Rs 2,000 notes for Direct Bank Account Credit

The Reserve Bank of India (RBI) has introduced a new option for the public. Individuals can now send their Rs 2,000 banknotes to RBI's regional offices via insured post, allowing for direct credit to their bank accounts. This initiative is particular...

November 2, 2023 10:28 AM

U.S. Federal Reserve keeps interest rates unchanged

The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform expectations may nee...

November 2, 2023 9:46 AM

GST collections rise 13% to ₹1.72 trillion in October

Goods and Services Tax (GST) revenue collection jumped by 13% Year over Year (Y-o-Y) to ₹1.72 trillion in October this year. This is the second highest-ever GST revenue collection ever. Notably, this is the second-highest gross GST revenue co...

April-May-finished-steel-imports-from-China

November 1, 2023 10:39 AM

Asia’s factories squeezed as China’s nascent recovery teeters

Asia's manufacturers faced worsening pressure in October with factory activity in China slipping back into decline, clouding recovery prospects for the region's major exporters already squeezed by weaker global demand and higher prices. Purchasing m...

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