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. World: Key Findings of the Report The report says that the slow ..

Month: Current Affairs - March, 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 response to growing impact of Corona Virus. Highlights This is the second ..

Month: Current Affairs - March, 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 the meeting, which focussed on maintaining the growth of global economy amid ..

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 that have emerged following the virus outbreak in China, which was recently ..

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 September 2019. On the other hand, the report claim that the manufacturing ..

Month: Current Affairs - October, 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 report say about India? Moody’s Investors Service has cut its growth projections ..