Economy Slump

Though the country managed to avert a default earlier this month, the challenges on the economic front are multiplying with foreign exchange reserves dipping below $7 billion

Pakistan's unprecedented floods in the summer killed more than 1,700 people, inundated third of the nation and cut the nation's growth by half

Turkish annual inflation accelerated for the 17th month in a row in October, driven by a surge in food prices and energy costs, to its likely peak during President Erdogan's two decades in power

By the end of 2023, GDP will be about 8% below where output was in 2021, according to the credit rating watchdog's forecast

The cataclysmic floods in Pakistan has caused economic damages to the tune of around USD 18 billion to the country's teetering economy, wiping out more than 8 million acres of crops and displacing more than 33 million, media reports said on Friday. Record monsoon rains and melting glaciers in northern mountains brought floods that have killed at least 36 people in the last 24 hours, taking the death toll to 1,391 as of Friday, according to the National Disaster Management Authority. The rapid assessment cost on projected economic losses following Pakistan's worst food floods as calculated by the government and endorsed by the provinces has gone up further to the tune of around USD 18 billion, according to The News International newspaper. The devastating floods have inundated a third of the country, with Prime Minister Shehbaz Sharif saying on Wednesday that parts of Pakistan seemed like a sea. The losses further swelled because agricultural crops have been destroyed across 8.25 ..

China, the sole investor in the Gwadar projects is hesitating to invest amid uncertainties as the ongoing economic crisis and political instability in Pakistan are hitting investment sentiments

Sri Lankan President Gotabaya Rajapaksa managed to flee Sri Lanka in the early hours of July 13 and soon the government announced the imposition of an emergency in the island nation

Thailand's exports and foreign direct investment have lagged behind Vietnam, while its ageing population will also weigh on growth," Sethaput said.

"Food prices tend to go up as soon as the rates of petroleum products increase," Dawn quoted Suleri as saying.

Economic growth hit a six-year low of 5 per cent in the first quarter of the current financial year

The Union minister of state for finance said India continues to the fastest growing economy in the world even though many countries in the world are facing economic slowdown.

The last few months have brought us an avalanche of downgraded forecasts from all international and private sector financial institutions and think tanks

The economic growth slowed to a seven-year low to 5% in April to June quarter from 8% a year ago

It said GDP (gross domestic product) growth is likely to rebound to 7.1 per cent next year

Country tops consumer confidence index in April-June; economists say more pain ahead

Experts say concerns about a slowdown in the domestic economy, combined with fears of a global recession, have eclipsed the move to withdraw the surcharge

Rajan also said "a fresh set of reforms" are now needed to boost the economy and growth rate

Bulk commodities hold the fort for domestic players

Next govt faces a daunting economic challenge

Critics of fiscal stimuli cite inflation risks while supporters hail its role in economic revival