Sunday, 22 May, 2022
TopicGlobal Economy

Topic: Global Economy

Global economic growth rate in region by Dr Yasam Ayavefe

The global economy is facing both Covid and inflation, forcing governments to take new measures. Until most of the world’s population is vaccinated, the recovery will be uneven.

Wheat price surges to all-time high as Russian invasion cuts off supplies from Ukraine

Ukraine and Russia together account for over a quarter of global trade of wheat. The war has closed major ports in Ukraine, and severed logistics and transport links.

How to make sense of market forecasts in wartime

It's not the responsibility of Wall Street to come out with better forecasts. The responsibility is on the end users to spend a few hours digging into the research.

Here’s why Covid-19 and climate change could be an end to economics as we know it

The onset of the pandemic had kicked off speculation about how it might reshape the ways economies behave, maybe even ushering in a distinct period.

To expand India’s strategic autonomy, we need to get back to high growth economy fast

India needs to integrate with the global economy. But first, it must become the engine of growth for the entire sub-continent.

IMF says US, China remain vital engines of growth in global economy despite slowing momentum

Ahead of the release of the updated World Economic Outlook next week, IMF MD Kristalina Georgieva says she now expects growth to moderate slightly this year.

Global economy to rebound strongly but emerging, developing nations will struggle: World Bank

World Bank warns of substantial uncertainty beyond 2021. Growth in low-income nations is expected to be the second-slowest of the past 20 years, held back by lack of access to vaccines.

India’s Covid crisis can push back the world’s economic recovery post-pandemic

If the leading powers fail to do everything they can to help out, India’s crisis will become a world crisis — for health and economy.

Unequal allocation of Covid vaccines could cost the world economy $9.2 trillion

Emerging and developing economies are vulnerable to richer countries hoarding their doses because their fragile health systems are straining under the weight of mounting infections.

World economy faces tougher start to 2021 as slow vaccine rollouts delay recovery

While global growth is still on course to rebound from the recession of last year at some point, it may take longer to ignite and not be as healthy as previously forecast.

On Camera

YourTurn

Title scene of Taarak Mehta ka ooltah chashmah.

Dear Taarak Mehta, you were our peak comfort content for 14 years. Now it’s time to retire

Just like the Truman Show, all Taarak Mehta plots somehow feel the same for the past few years. It's fine to accept that ideas can go stale.
An attendant refills a two-wheeler with fuel at a petrol pump in New Delhi Saturday | ANI

Under fire for spiraling inflation, Modi govt announces excise duty cut on fuels, LPG subsidy

It has also decided to enhance the fertiliser subsidy for farmers, and reduce import duty on some raw materials. ‘It is always people first for us!’ tweets prime minister.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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