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Page-2 of Topic: Global Economy

ADB announces $6.5 billion package for member countries to tackle COVID-19

Manila-based Asian Development Bank recently announced an initial package of $6.5 billion (equivalent to ₹48,230 crore) to cater the immediate needs of its developing member countries in fighting...

March 21, 2020

S&P Global Ratings lowered India’s economic growth forecast to 5.2% for 2020

S&P Global Ratings lowered India’s economic growth forecast to 5.2 per cent for the year 2020. The rating agency had earlier predicted the growth rate of 5.7% for...

March 19, 2020

UNCTAD: India among 15 countries economically affected due to Corona Virus

The United Nations Conference on Trade and Development recently released a report on the effect of COVID-19 on global economy. According to the report, India was ranked 10th....

March 16, 2020

Corona Virus: US Federal Reserve reduces interest rate to 0%

On February 16, 2020, the United States Reserve Bank announced that the key interest rates are to be slashed to 0% to 0.25%. This is being done in...

March 16, 2020

G20 Meeting of Finance Ministers and Central Bank Governors held in Riyadh

The Meeting of Finance Ministers and Central Bank Governors from G20 nations was recently organised in Riyadh from February 22-23, 2020. The delegates from across the world attended...

February 26, 2020

Economist Intelligence Unit lowers 2020 growth forecast to 2.2%

The Economist Intelligence Unit has lowered its global growth forecast for 2020 to 2.2%, from its earlier estimate of 2.3%. The dip was due to the new risks...

February 13, 2020

US unemployment falls to a 50-year low

The US Labor Department reports that the unemployment rate fell to 3.5% from 3.7%. The main reason behind the development is that the economy added 136,000 jobs in...

October 5, 2019

Moody predicts the status of the Global Economies

One of the world’s leading financial conglomerates, the Moody corporation’s wing, the Moody’s Investor Services has released its predictions for the economies of the world. What does the...

August 23, 2019

Looming Global Economic Slowdown leads to a recession

As per a report put out by Morgan Stanley, which is one of the world’s leading global financial firms, the world economy appears to be heading towards a...

August 13, 2019

Conservative Party leader Boris Johnson set to be UK’s next Prime Minister

The Conservative Party of the UK has selected the Boris Johnson as the next leader of the Conservative Party and thus, the next Prime Minister of the UK....

July 23, 2019

India, China unlikely to be growth poles for global economy: UNCTAD Report

According to UNCTAD’s recently released Trade and Development Report (TDR) 2017, India and China at their current levels of growth will not serve as “growth polls” for global...

September 15, 2017

G-20 Finance Ministers pledge to boost global economy

The Finance Ministers from the Group of 20 (G-20) major economies have pledged to boost the global economy, which is showing a weak recovery. This announcement was made...

July 26, 2016

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