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...
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...
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....
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...
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...
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...
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...
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...
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...
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....
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...
