Topic: Economic Slowdown
IMF’s Regional Economic Outlook
According to the International Monetary Fund’s (IMF) Regional Economic Outlook, economies across the Middle East and Central Asia are likely to slow down this year due to persistently...
IMF World Economic Outlook- Update
The International Monetary Fund (IMF) released its World Economic Outlook on January 25, 2022. Key Findings of the report As per report, Global economic growth will decrease by...
Migration and Development Brief Report of World Bank: Key Facts
On October 30, 2020, the World Bank released the migration and development brief report. According to the report the remittances of India will fall by 9% by the...
World Economic Outlook: Key Facts
The International Monetary Fund has recently launched the World Economic Outlook 2020. The report has been titled “A Long and Difficult Ascent”. It is launched twice a year....
Supreme Court: Overtime Wages should not be denied to labourers during COVID-19
On October 1, 2020, the Supreme Court quashed the notification of Gujarat Government to exempt factories from paying overtime wages to workers. The apex court said that the...
ADB: Asian Economy to shrink for First Time since 1960s
The Asian Development Bank have predicted that the Asian economy will shrink for the first time since the early 1960s amid the COVID-19 Pandemic. The report states that...
Moody’s revises estimate of India’s Growth
Global rating agency Moody’s has revised its forecast of India’s growth. It has estimated a double-digit contraction to be at 11.5% during the current fiscal year. Key Facts...
Indian Economy to Shrink by 9.5% in FY 2020-2021: ICRA
The credit rating agency, ICRA, has predicted that the Indian economy will see a major slowdown in the current fiscal and it is expected to contract by around...
AIIB to finance 500 million USD projects to strengthen National Health Care Systems
The Asian Infrastructure Investment Bank is to finance 500 million USD projects in India to help the country improve its health care systems. AIIB is currently doubling its...
United Nations predict India’s GDP at 4.8%
On April 9, 2020, the United Nations released a report on Economic and Social Survey of Asia and Pacific (ESCAP), 2020. Highlights According to the report, the economic...
Extraordinary G20 Trade and Investment Ministerial Meet
On March 31, 2020, the “Extraordinary G20 Trade and Investment Ministerial Virtual Meet” was held through video conferencing. The Union Commerce Minister Piyush Goyal represented India at the...
