The ifo Institute, a research institution based in Munich, has lowered its 2022 economic growth forecast for Germany from the previous forecast of 5.1 to 3.7 per cent in 2022.
RBI retained the GDP growth forecast at 9.5 per cent for the current fiscal but cautioned that the economic recovery is not yet strong enough
However, Fitch raised GDP growth projection for the next financial year to 10.3 per cent
Global growth is set to hit 5.6% this year before moderating to 4.5% in 2022 and 3.2% in 2023, the Organisation for Economic Cooperation and Development said
Stock market LIVE: A slew of positive macro economic data coupled with supportive overseas cues helped the markets rally today
The Reserve Bank of India has pegged growth for the same period at 7.9%
The Reserve Bank also forecasts 9.5 per cent GDP growth this fiscal while the average projection ranges from 8.5 to 10 per cent. The government projection is around 10 per cent.
RBI retained the GDP forecast for the current financial year at 9.5 per cent and flagged semiconductor shortages, elevated commodity prices and potential global market volatility as downside risks
Risks to a broad global recovery rising: IMF chief
Bharti Airtel (up 6.7 per cent) was the biggest gainer on the Sensex today, followed by Bajaj Finance, Bajaj Finserv, Asian Paints, TCS, Titan, and Tech Mahindra
The country's gross domestic product (GDP) is expected to grow at around 18.5 per cent with an upward bias in the first quarter of the current financial year, according to SBI research report Ecowrap
Among nine economists surveyed by Bloomberg who updated their Singapore GDP forecasts this month, six saw growth exceeding 6%.
LONDON (Reuters) - S&P Global cut its growth forecasts for some of Asia's top economies including India, the Philippines and Malaysia on Monday, offsetting upgrades to China and South Africa and much of Latin America.
Ind-Ra has said its earlier estimate of gross domestic product (GDP) growth at 10.1 per cent for the current financial year (FY22) is unlikely to hold due to the speed and scale of Covid 2.0
This is lower than an earlier estimate of 10.1 per cent
ICRA continues to expect a prolonged negative impact of the second wave on consumer sentiment and demand
Repo rate stays at 4%, stance accommodative; Central bank to buy Rs 1.2 trillion of bonds in Q2
The agency estimated India's economic growth at 9.3 per cent in the financial year ending March 2022 and 7.9 per cent in FY23
Indeed, while FY21 GDP reinforces the sharp slowdown in growth in a pandemic year, it also offers a low base for a mechanical bounce in FY22 recovery
RBI's forecast for growth is 10.5% for the current fiscal year. Most analysts expect the RBI to lower it in the June 4 monetary policy announcement