Global Economy

3 US-based economists given Nobel Prize for work on banks

October 10, 2022

3 US-based economists given Nobel Prize for work on banks

Nobel prizes carry a cash award of 10 million Swedish kronor (nearly $900,000) and will be handed out on Dec 10.

June 08, 2022
World Bank slashes global growth forecast to 2.9%, warns of 'stagflation' risk

In a news conference, World Bank President David Malpass said global growth could fall to 2.1% in 2022 and 1.5% in 2023, driving per capita growth close to zero, if downside risks materialized.
May 31, 2022
India's GDP expands by 4.1% in Q4, 8.7% in FY22

China had registered economic growth of 4.8 per cent in the first three months of 2022.
June 20, 2021
Column | Advantage India at G7 Summit

Among the special invitees, India was the most prominent, but there were some apprehensions because of the reported concerns in the west about the direction India was taking.
April 12, 2020
COVID-19 severely disrupting Indian economy, says World Bank

The COVID-19 outbreak came at a time when India's economy was already slowing, due to persistent financial sector weaknesses, the report said.
March 27, 2020
Coronavirus crisis could destroy far more than 25 million jobs

Data is also pointing to a sharp jump in job losses in Western Europe despite government spending packages that include support for companies to keep workers on.
March 11, 2020
COVID-19 will impact Kerala economy, says Thomas Isaac

The finance minister said the state feared a fall in tax collection as the virus outbreak impacted the traders badly. Its adverse effect on Gulf countries will also reflect on the state, he said.

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