Page 17 - Global Economy

China's zero-Covid policy dashes global hopes for quick return to normal

Calculations based on International Monetary Fund projections show China's expected average annual contribution to global economic growth through to 2027 at about 29%

Global economy loses $1.6 trn as world struggles to avoid a new Cold War

Russia's invasion of Ukraine and China's Covid Zero lockdowns are disrupting supply chains, hammering growth and pushing inflation to forty-year highs.

WEF 2022: Over 50 govt heads, 1250 leaders from pvt sector to meet in Davos

The World Economic Forum said the Annual Meeting 2022 will focus on 'history at a turning point', the theme of the summit

World Economic Forum meet to tackle geo-economic challenges to begin May 22

After a two-year gap due to the Covid-19 pandemic, followed by the Ukraine crisis and other geo-economic challenges, the meeting is taking place at a crucial point in time: WEF

India getting back to age of controlling 25% of global economy: Karan Adani

India can get back to the age of controlling one-fourth of global economy like the way it used to do earlier, Adani Ports and SEZ CEO Karan Adani said on Wednesday.

US dollar rebounds after Fed chair Powell reaffirms hawkish outlook

LONDON (Reuters) - The U.S. dollar bounced back on Wednesday, a day after its biggest daily loss in more than two months, as U.S. Federal Reserve chief Jerome Powell struck a more hawkish tone as the central bank battles to rein in surging inflation.

Global shares rebound, US Treasury yields rise on stronger US retail data

NEW YORK (Reuters) - A gauge of global equity markets rebounded and U.S. Treasury yields rose on Tuesday as an easing of China's crackdowns on tech and COVID-19 and solid U.S. retail sales in April suggested economic growth might be getting stronger.

WEF 2022: How industrial data can help unleash productivity, sustainability

With productivity and growth at stake, it's clear that digital solutions which can gather, organize, manage and analyze data are rapidly becoming the backbone of the global economy

Here's why circular economy is key to accelerating net-zero transportation

To make new technologies a reality in the most sustainable way possible it is vital we consider a circular economy

EU revises growth forecast down to 2.7%, inflation estimate up at 6.1%

Real GDP growth in both the EU and the eurozone is now expected at 2.7 per cent in 2022 and 2.3 per cent in 2023, down from its February forecast of 4.0 per cent in 2022 and 2.8 per cent in 2023

WEF 2022: Investing in education could add $2.54 trn to the global economy

WEF 2022: Investing in the workforce and supporting teachers to teach in new ways, using innovative teaching methods, is critical to unlock skills.

Sri Lanka's new PM to sell national airline, print money to pay salaries

Wickremesinghe -- less than a week into the job -- said he was forced to print money to pay salaries, which will pressure the nation's currency

European shares fall after China's economic data adds to growth woes

Investors are worried that inflation pushing up interest rates will damage the global economy. These fears saw global shares hit their lowest point in 18 months last week.

China's uncertain wheat harvest engenders fear for global economy

If the Chinese harvest is bad in the coming weeks, it could drive food prices up further, compounding hunger and poverty in the world's poorest countries

Indonesia's economy grows 5.01% in Q1 despite global prices turbulance

The growth was in line with the prediction made by Indonesia's Minister of Finance Sri Mulyani Indrawati that the country's economy would grow on average 5 per cent year-on-year

China's zero-Covid rules to impact freight costs, global inflation

China's 'witless' rules have left hundreds of cargo ships stranded on the ports which will impact freight costs and global inflation.

Oil prices tumble over 1% on global economic worries, strong dollar

The fall in oil prices reflected trends in global financial markets as investors shed riskier assets on worries about higher interest rates and their impact on economic growth.

Live: Sri Lanka PM quits, MP dies in standoff, Rajapaksa property attacked

LIVE news updates: Prime Minister Mahinda Rajapaksa's resignation came hours after clashes broke out in Colombo

Building buffers and using them

Letting the rupee weaken may be the least bad option; raising interest rates to slow imports is too blunt an instrument

China's stringent Covid curbs threatens to derail world's emerging markets

Fresh Covid outbreaks are spooking global investors who fear shutdowns in China will echo across the world by lowering demand and disrupting supply chains