Page 12 - Global Economy
'Inflation fever' finally breaking but central banks won't stop rate hikes
As economic growth slows, prices for key raw materials - from oil to copper and wheat - have cooled in recent weeks, taking pressure off the cost of manufactured goods and food
 "'Inflation fever' finally breaking but central banks won't stop rate hikes")
FM Sitharaman meets US Deputy Treasury Secretary, discusses global economy
Finance Minister Nirmala Sitharaman on Friday met US Deputy Treasury Secretary Wally Adeyemo and exchanged views on global economic and financial sector issues. "FM Smt. @nsitharaman and Mr @wallyadeyemo discussed India's G20 Presidency in 2023, as well as areas of cooperation for continued and enhanced India-USA partnership," the finance ministry said in a tweet. India will hold the Presidency of the G20 from December 1 to November 30, 2023. India will host the G20 summit next year. G20 is the premier forum for international economic cooperation that plays an important role in global economic governance.
 "FM Sitharaman meets US Deputy Treasury Secretary, discusses global economy")
China's recovery wobbles as drought, global slowdown add to risks
China's economy continued to recover in August but warning signs are flashing across a number of fronts as drought and weaker global demand add new risks to growth prospects
 "China's recovery wobbles as drought, global slowdown add to risks")
Wall Street set for losses as major global economies are sputtering
Wall Street was set to open lower, with S&P 500 futures down 1% and Nasdaq futures down 1.2%
 "Wall Street set for losses as major global economies are sputtering")
Markets can hit highs only after inflation peaks abroad: Taher Badshah
'The key risk for the market at this juncture, especially after this strong comeback, is the resurgence of the known risks of recent times, namely the rebound of inflation and geopolitical tensions'
 "Markets can hit highs only after inflation peaks abroad: Taher Badshah")
Biggest ever fall in economic confidence: ACCA and IMA's economy survey
Weak worldwide economic growth looks likely for the rest of 2022, according to the latest edition of the Global Economic Conditions Survey (GECS) from ACCA and IMA
 "Biggest ever fall in economic confidence: ACCA and IMA's economy survey")
Macroeconomic factors unlikely to stall tech modernisation: Mindtree CEO
Macroeconomic and geopolitical developments are unlikely to turn back or stall business-critical technology modernisation, IT services firm Mindtree's CEO Debashis Chatterjee has said
 "Macroeconomic factors unlikely to stall tech modernisation: Mindtree CEO")
Inflation, labour shortages to delay recovery in business travel spending
A recovery in global business travel spending to pre-pandemic levels is likely to be delayed by 18 months to 2026, a new industry forecast shows
 "Inflation, labour shortages to delay recovery in business travel spending")
Secret to enduring stagflation sends investors to emerging markets
Stocks and bonds of poorer nations have sunk this year amid Federal Reserve tightening and runaway consumer prices, and may sell off even more if the global economy stalls
 "Secret to enduring stagflation sends investors to emerging markets")
US stock markets tumble when hit by global recession, says report
The S&P500 had dropped to 3,667 on June 17 but has jumped 15 per cent in the past two months
 "US stock markets tumble when hit by global recession, says report")
Macroeconomic challenges revisited
Policies are moving in the right direction, but vulnerabilities remain
 "Macroeconomic challenges revisited")
'Most vulnerable' emerging markets now face euro recession risk
Traders are more bearish on the Hungarian forint, Polish zloty and Czech koruna than any other developing-nation currency except for Russia's ruble and the Turkish lira
 "'Most vulnerable' emerging markets now face euro recession risk")
The case for rate hikes heading for contested territory as recession looms
A parade of Federal Reserve officials in recent days has sought to emphasize this message - though a slump isn't their forecast
 "The case for rate hikes heading for contested territory as recession looms")
Ripples from Pelosi's Taiwan trip may take time to impact global markets
Nancy Pelosi's visit is fanning fresh jitters among investors already spooked by the threat of a global slowdown amid surging inflation
 "Ripples from Pelosi's Taiwan trip may take time to impact global markets")
Responding to global stagflation
Against an increasingly stagflationary global backdrop, domestic policy will have to judiciously assign different policy instruments to help achieve competing macro objectives
Wheels India reports 6% rise in Q1 net profit as CV demand rises
Senior executive says 'early signs of slowdown in global economy'
 "Wheels India reports 6% rise in Q1 net profit as CV demand rises")
Bangladesh, world's no 2 clothes exporter, sees order drop as power falters
Bangladesh's garment industry is facing a double whammy from slowing global demand and an energy crisis at home that's threatening to thwart the nation's pandemic recovery
 "Bangladesh, world's no 2 clothes exporter, sees order drop as power falters")
Oil prices fall as China slowdown spurs concern over demand outlook
Weekend data indicated a surprise contraction in Chinese factory activity, highlighting the cost of Beijing's preference for mobility curbs to tackle Covid-19
 "Oil prices fall as China slowdown spurs concern over demand outlook")
The Great Resignation worked: Most job-swappers got a raise, shows data
For those who stayed, less than half saw real wage gains, according to a study by Pew Research Center
 "The Great Resignation worked: Most job-swappers got a raise, shows data")
Euro zone's inflation at record 8.9% in July, highest since 1997
Annual inflation in the eurozone's 19 countries rose to 8.9 per cent in July, an increase from 8.6 per cent in June
 "Euro zone's inflation at record 8.9% in July, highest since 1997")
