Page 2 - Global Economic Recovery

Indices in for rough ride, but correction could spur more buying: Experts

Analysts said equity markets across the globe are under pressure after the minutes of the recent US Federal Reserve meeting

Global growth to stay strong but coronavirus the top risk, say economists

A global survey of nearly 500 economists taken this month also concluded recent rising inflation in key economies around the world would be transitory.

G7's Cornwall rendezvous

The group's relevance was tested again

Best of BS Opinion: Distant thunder in world economy, rocket rupee & more

Here are the best of Business Standard's opinion pieces for Monday

Gold prices ease on global recovery hopes; weak dollar limits losses

Gold prices edged lower on Tuesday as hopes of quick economic recovery lifted demand for riskier assets, although a weaker dollar and lower US Treasury yields limited losses for the safe-haven metal

Gold dips as firmer dollar, global economic recovery hopes boost markets

The dollar index held firm near four-month highs against its rivals, making gold more expensive for holders of other currencies

Faster global growth will boost Asia Pacific's economic recovery: S&P

Asia Pacific's economic recovery from Covid-19 will be boosted by US stimulus and stronger global demand, S & P Global Ratings said on Thursday.Vaccine rollout in the region may lag other parts of the world but there will be enough progress to lift consumer spending and domestic demand later in 2021, it said in a report titled 'Economic Outlook Asia Pacific Q2 2021: Three-Speed Recovery Will Benefit From Faster Global Growth."S & P Global Ratings revised upward its growth forecast for Asia Pacific to 7.3 per cent for 2021 from 6.8 per cent previously.A faster-than-expected global vaccine rollout, a large dose of US stimulus and upside surprises in trade and manufacturing pushed its forecasts higher and offset recent weakness in household spending."We also expect gradual vaccine coverage in the region to encourage a virtuous cycle of higher spending on services, more jobs and rising incomes to power the next leg of recovery," said Shaun Roache, Asia Pacific chief economist at S

Global GDP to surpass pre-pandemic level by mid-2021: OECD

OECD sees global GDP growth at 5.6 per cent this year, an upward revision of more than one percentage point since its projection in December 2020, and 4 per cent in 2022

India's GDP to grow 12.6% in FY22, highest among G20 countries: OECD

OECD hikes 2021 global growth forecast to 5.6% from 4.2%; OECD doubles US growth forecast to 6.5% on stimulus

Oil prices rise on expected economic recovery, US $1.9 trillion relief bill

Oil prices rose on Tuesday on expectations of a recovery in the global economy after US Senate approval of a $1.9 trillion stimulus bill and on a likely drawdown in crude oil inventory in the US

Oil nearing $70 worries consumer nations, may hamper economic recovery

Consuming nations will bear the cost of pricier energy, potentially fanning inflation and hurting their recoveries

US trade deficit rises 1.9% in January amid Covid-19 pandemic

The pandemic continued to disrupt global commerce

UK banks face savings glut on road to Covid-19 pandemic recovery

More deposits help shore up bank finances, but are not necessarily good news for lenders

Pent-up demand for manufactured goods driving global factory revival

Manufacturing activity in Japan expanded at the fastest pace in over two years

GDP grows 0.4% in Q3 after shrinking for two quarters, may fall in Q4: NSO

Imputed Q4 GDP seen falling 1.1%; Services to catch up with mfg; Tall growth of 30% in govt spending needed; Investments better than expected, show revised numbers

G20 to show united front on support for global economic recovery

The G20 is also likely to agree to extend a suspension of debt servicing for poorest countries by another six months

Global shares mixed amid vaccine optimism, US technology sell-off

Global markets were mixed Tuesday after a sell-off of shares in technology companies on Wall Street. France's CAC 40 edged 0.3per cent higher in early trading to 5,782.75, while Germany's DAX was little changed, up less than 0.1per cent at 13,953.13. Britain's FTSE 100 gained 0.5per cent to 6,646.83. U.S. shares were set for gains, with Dow futures up 0.3per cent at 31,548. S&P 500 futures rose 0.2per cent to 3,882.88. Tokyo was closed for a national holiday. South Korea's Kospi slipped 0.3per cent to 3,070.09. Australia's S&P/ASX 200 gained 0.9per cent to 6,839.20. Hong Kong's Hang Seng jumped 1.0per cent to 30,632.64, while the Shanghai Composite lost 0.2per cent to 3,636.36. The technology sell-off spilled into Asia. Chinese cell phone maker Xiaomi fell 3.1per cent, e-commerce giant Alibaba lost 1.2per cent and Taiwan computer chip maker declined 1.4per cent. Although the world's economies have been battered by the coronavirus pandemic, the deployment of COVID-19 vaccines ..

EU faces bankruptcies and bad loans as Covid-19 help for firms ends

Worst affected were hotels and restaurants, where three-quarters had liquidity problems

Coca-Cola expects sales growth to return in 2021 as profit beats forecasts

Coca-Cola Co on Wednesday forecast a return to organic revenue growth this year after a pandemic-hammered 2020

Investment in upskilling can boost global GDP by $6.5 trillion by 2030: WEF

The investment can create 5.3 million new jobs by 2030, according to a World Economic Forum report