Page 24 - Global Economy

Covid-19 pandemic debt adds to challenge of funding world's climate goals

The $300 trillion pile of debt held by governments, businesses and households will leave many countries with vulnerable finances

Japan's economy seen back in decline on Covid-19, supply issues: Report

Japan's economy likely contracted in the third quarter as curbs to stop a coronavirus resurgence and supply bottlenecks hurt consumption and output, a Reuters poll of economists showed on Thursday

Looking forward to meeting again in Indonesia and in India: G20 leaders

There had been a swap between India and Indonesia for hosting G20 with Indonesia now hosting it in 2022 and India in 2023.

G-20 endorses global corporate minimum tax: What it means for business

It aims to deter multinationals from stashing profits in countries where they pay little or no taxes--commonly known as tax havens.

G20: PM Modi arrives in Italy, to discuss global economy, Covid recovery

Prime Minister Narendra Modi on Friday arrived here in Italy to participate in the G20 Summit. In Rome, Prime Minister Modi will hold discussions on global economic and health recovery from the COVID-19 pandemic. Landed in Rome to take part in the @g20org Summit, an important forum to deliberate on key global issues. I also look forward to other programmes through this visit to Rome, he said on Twitter. In his departure statement, Modi said he will be visiting Rome and the Vatican City from October 29-31 at the invitation of Italian Prime Minister Mario Draghi, following which he will travel to Glasgow, the UK, from November 1-2 at the invitation of British Prime Minister Boris Johnson.

G20 Leaders' Summit tomorrow; climate change, Afghanistan to dominate talks

This year, the issues concerning climate change and the ongoing situation in Afghanistan is likely to feature heavily during the Summit.

Central bank moves, supply shocks among risks to world economy: Poll

Central banks reducing emergency stimulus and further supply chain disruption are among the top risks next year

Pandemic hurt to global employment much worse than anticipated, says ILO

In what it termed a "dramatic revision," the Geneva-based group now estimates that global hours worked this year will be 4.3% below their pre-pandemic level, the equivalent of 125 mn full-time jobs

China's prosperity goals and the world

Xi Jinping's new vision for the economy means less prosperity for people globally

A new global economic consensus

A paradigm shift in policy-making is underway, but its success depends on concrete reforms and the creation of new mission-driven institutions

Oil alarm: India's oil import bill at 67% of FY21 in just 5 months of FY22

The sharp economic recovery and rising demand post the second wave of Covid coupled with a spike in global oil prices may pose a challenge for the government in FY22 to maintain fiscal discipline

Stock investors fret supply chain woes could knock earnings

Few expect the supply snarls to end this year as an energy crisis stokes inflation fears. Caution abounds in the semiconductor, retail and raw material space.

Sales function has emerged as the biggest gainer in current quarter: Report

A report has shown that sales function has emerged as the biggest gainer of this positive sentiment.

Headwinds threaten to slow world recovery in final stretch of 2021

Fuel and food costs are soaring worldwide, combining with congested ports and strained supply chains to elevate price pressures. Labor shortages continue to plague some employers

CEOs to govts: Rise above geopolitical tensions, protectionism for reforms

Governments across the world must rise above geopolitical tensions to re-engage on trade reforms while refraining from protectionism, a group of nearly 30 CEOs said in a joint call to action

Commodity price surge deals stagflationary blow to world economy

Rising costs for households and companies are hitting confidence while pushing inflation faster than economists had expected only a few months ago

World Bank says Delta variant slowing economic growth in East Asia, Pacific

While China's economy is projected to expand by 8.5%, the rest of the region is forecast to grow at 2.5%, nearly 2 percentage points less than forecast in April 2021, the World Bank said

Did central banks gain too much clout in pandemic: An economist explains

Christina Parajon Skinner, an assistant professor at the Wharton School and former legal counsel at the Bank of England, probe the question.

Evergrande crisis: A modified script may need to be written on China

This crisis could mark the end of the long run of "miracle" growth that made China the world's second-largest economy, and a challenger to the US in economic and strategic clout, writes T N Ninan

How to tell if the Evergrande crisis is spilling beyond China

Evergrande owes $305 billion, has run short of cash, and investors are worried a collapse could pose systemic risks to China's financial system and reverberate around the world