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Saturday, Jun 7, 2025
Kwarteng said he had resigned at Truss's request after being forced to rush back to London overnight from IMF meetings in Washington.
It is reflecting a weaker-than-expected outturn in the second quarter and more subdued external demand.
A decade back, India was ranked 11th among the large economies while the UK was at the fifth position.
The unravelling of Sri Lanka is an object lesson in political and economic mismanagement which all developing nations, including ours, should read as a cautionary tale.
The International Monetary Fund has further slashed India's economic growth prospects for 2022 to 8.2 per cent from its earlier projection of 9 per cent.
Demonstrations are being raged throughout Sri Lanka as people protest the government's mishandling of the economy.
These women will have the leading role in guiding international financial policy as the world economy faces its severest stress in more than a decade.
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