Page 19 - Global Economy

World Bank says war shocks to drag on Asian economies in coming months

Disruptions to supplies of commodities, financial strains and higher prices are among the impacts of the war in Ukraine that will slow economies in Asia in coming months, says the World Bank

Russia-Ukraine fallout starts felling fragile 'frontier' economies

A handful were already on the brink of debt crises in the wake of the COVID pandemic, the war's resulting surge in energy and food prices, however, have undoubtedly made things worse.

India-Australia sign trade pact; bilateral trade to reach $45 bn in 5 years

This is the first trade agreement with a developed economy after over 10 years

Emerging macro instability

Global economy is reeling from new supply shocks

A world that's more expensive is starting to destroy demand

Global food prices set a record last month, according to UN, as Russia-Ukraine invasion disrupted shipments from countries that, together, supply 1-quarter of world's grain and much of its cooking oil

Investors dump emerging market funds on slowdown worries

According to Refinitiv Lipper, a cumulative $8.1 billion has flowed out of EM equity funds and $5.73 billion from bond funds in the past four weeks

Global economic growth for 2022 projected down to 2.6% due to Ukraine war

The UN Conference on Trade and Development (UNCTAD) has cut its global economic growth projection for 2022 to 2.6 per cent from 3.6 per cent due to the ongoing Ukraine-Russia conflict

Russian tycoons now $8.3-billion richer as stock trading resumes

Scores of Russian billionaires got sanctioned by the EU and the UK after the Kremlin started its war against Ukraine

Banking system stable, says Sri Lanka as $1.4-bn bonds near maturity date

Sri Lanka faces an economic crisis as it struggles to pay for essential imports of food and fuel

Beyond $400 billion

Exports need policy support

A safari with Davos Man

With frequent references to private jets, yachts and oceanfront mansions, Mr Goodman's book runs the risk of descending into a lefty screed.

Best of BS Opinion: Slipping on oil prices, Sri Lanka nears crisis & more

Here are the best of BS Opinion pieces of the day

Sri Lanka nears crisis

More help needed for the island nation's faltering economy

Unfolding global developments pose risks to Indian economy, says RBI

The RBI also said that a rapid and large withdrawal of fiscal support risks pushing the economy over the cliff into a sharp downturn

Bank of England raises rates to 0.75%, less sure about future moves

The BoE said inflation was set to reach around 8% in April -almost a percentage point higher than it forecast last month - and warned it could peak even higher later in the year

Chinese supply disruption unlikely to hit consumers, says survey

Of households that purchased China-made products during the period, over two-thirds consumers said they have reduced their purchases as compared to a year before.

Increasing inflation risks

Global uncertainty will weaken recovery

Ukraine war hitting poor countries dependent on wheat, says UN chief

UN chief has warned that Ukraine war is holding a sword of Damocles over global economy, especially poor countries that face surging food, fuel prices and are now seeing their breadbasket being bombed

Ukraine war marks decline of globalization; we'll miss it when it's gone

The war in Ukraine doesn't necessarily mark sharp a break in history. But it underlines and will perhaps cement the decline of globalisation

Budget assumptions prudent, will help macro-fundamentals to hold-up: CEA

Chief Economic Advisor V Anantha Nageswaran on Friday said prudent budget assumptions for FY23 will ensure that the macro-fundamentals will be able to hold-up in the near-term.