Page 30 - Global Economy

Unemployment is falling in rich countries, but not every job is coming back

The pandemic has pushed out older employees and is deepening inequality as lower income workers feel the brunt of the crisis

US economy accelerated at a robust 6.4% rate last quarter on stimulus

US economy grew at a brisk 6.4 per cent annual rate last quarter a show of strength fuelled by government aid and declining viral cases that could drive further gains

UK economy set to grow faster than the US this year: Goldman Sachs

Britain looks set to see faster economic growth than the United States this year as the country races ahead with its vaccination programme after its slump in 2020, Goldman Sachs said on Sunday

Best of BS Opinion: Cyber attacks, changing global economies, and more

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

Joe Biden eyes tax rate as high as 43.4% in upcoming economic plan

The White House plans to propose almost doubling the capital gains tax rate for those earning $1 million or more, to 39.6%

Climate change could cut world economy by $23 Trn in 2050: Swiss Re warns

Poor nations would be particularly hard hit, but few would escape, Swiss Re said. The findings could influence how the industry prices insurance and invests its mammoth portfolios

Recession risk looms as Japan eyes state of emergency to contain pandemic

A renewed state of emergency would also cast doubt on whether Tokyo can host the Olympics in July, despite Prime Minister Yoshihide Suga's assurances it will proceed as planned

Central banks to pour money into major economies despite sharp rebound

The outlook suggests officials still want to guarantee the recovery from last year's coronavirus recession by maintaining ultra-low borrowing costs and asset-buying programs

Best of BS Opinion: Beyond the Jal Shakti Abhiyan, vaccine supply, and more

Here's a selection of Business Standard opinion pieces for the day

Saudi Arabia's latest economic plan comes with big risks, can hit finances

The idea is that their expenditure on new infrastructure and technology will be big enough to accelerate the country's growth and cause a jobs boom

Economic outlook for the second wave

There is a case for Indian policy makers to remove trade barriers to fuel India's ability to grow on the back of export demand

Covid-19 will leave deep scars in world economy even after recovery

Legacies of stunted education, destruction of jobs, war-era levels of debt and widening inequalities will cost poorest nations most.

India can be key player in global supply chain, says Indra Nooyi

But India has to carefully "think through" what its place would be: Nooyi

EU lays out $1-trn plan to fund recovery from coronavirus pandemic

It highlights the ambition of the EU's first meaningful entry into bond markets, which will see the total of outstanding bonds closing in on that of Spain's this decade

IMF paints a rosy picture, says Asia's economy to grow 7.6% in 2021

The IMF expects Asia's economy to grow 5.4 per cent in 2022

India hits out at US on linking climate issues to economic recovery

Says imposing stringent climate conditionalities unfair

Norway wants its $1.3 trillion wealth fund to invest in fewer companies

EMs are often characterised by weaker institutions, says Norway

Economic activity rebounds globally even as Covid-19 cases rise: Moody's

Moody's Investors Service has said that high-frequency alternative data indicates a strong rebound in economic activity even as infection rates rise

Saudi Arabia crown prince's past makes his vision a tough sell abroad

His plan to open up the economy may be jeopardised by his reputation

Recovery underway after worst global recession since World War II: IMF MD

IMF Managing Director Christine Georgieva has said that after the worst global recession since the Second World War, the recovery is underway