Page 5 - Global Economy

Where is the economy headed?

The economy has recovered from Covid, but incompletely, and old problems still persist

Global shares regaining stability, but face most monthly losses since 2008

Decision by the BOJ, the last dove of the major central banks, has added to concern among investors about how impact of rising interest rates and persistent inflation will affect the global economy

Dealmaking slips by almost a third in 2022 marked by volatility, inflation

Companies announced $3.5 trillion of deals in 2022, according to data compiled by Bloomberg

685 million could be living in extreme poverty by 2022-end: World Bank

733 million people currently have no access to electricity and by 2030, 670 million people will remain without it, says World Bank's latest report

Egypt's Suez Canal registers record revenue of $7.9 billion in 2022

Egypt's Suez Canal registered a record-breaking revenue of $7.9 billion in 2022, authorities said

Best of BS Opinion: Guns and butter, gatekeepers of digital markets & more

Here are the top BS Opinion articles of the day

Ricardo would be turning in his grave

There are limits to building resilience over economic efficiency

On balance, India is in a sweet spot

We have emerged as a source of global economic stability and are still the fastest-growing large economy

Will IMF loans to Pakistan continue after fuel prices are slashed?

As per the IMF loan rider, Pakistan, with its dwindling foreign exchange reserves amid strict repayment schedule, had committed to increase levy on fuel and eliminate subsidies

Exports rise marginally to $32 bn in Nov; trade deficit lowest in 7 months

Imports at 10-month low of $55.88 billion, trade deficit lowest in 7 months

Counterfeiting, smuggling develop into substantial threat to global economy

Jaspal Singh IPS, Director General of Police, Goa informed that awareness is the first step towards enforcement as the problem of trade in illicit products emanates from the lack of awareness.

Austria's economy expected to face stagnation in 2023 amid energy crisis

With the projected stagnation in 2023, the country's economy is expected to return to significant growth of 1.8% in 2024

Modi govt is sounding friendlier toward free trade for some nations

In recent months, senior Indian officials have insisted that their nation intends to integrate further with the global economy

No reform without change

There is little appetite for reforming multilateral development banks among rich countries, but three emerging economy presidencies of the G20 in succession offer hope

The next phase

Global financial conditions would tighten further

Best of BS Opinion: Critical decisions, chaos on the ground, and more

Here is the best of Business Standard's opinion pieces for today

Will 2023 be any better?

All indicators point to a challenging year ahead for the world, including India

ADB cuts developing Asia's GDP outlook for 2023 amid global growth concerns

Growth in China, the largest economy in Asia, is expected to slow in 2022 to 3% against a 3.3% expansion predicted in a September report

Global trade surges to record $32 trillion in 2022, says UN report

Trade in merchandise goods soared to $25 trillion, an increase of about 10 per cent versus the prior year; trade in services grew 15 per cent year-over-year to nearly $7 trillion

US core inflation slows, giving Fed Reserve some breathing room on rates

The overall CPI increased 0.1 per cent from the prior month and was up 7.1 per cent from a year earlier, as lower energy prices helped offset rising food costs