After a record slump early in the year, China's economy rebounded more than expected in the second quarter
Leading economist and former RBI governor warns of 'enormous bankruptcies' in US and Europe.
International trade volume shrank 3% in Q1, annual forecast close to 13% fall
China appeared to have 'fared better' than other major economies, with exports growing by 3% in April
The world gross domestic product is expected to contract by 3%, international trade may decline by up to 32%, and 49 million people could slip into extreme poverty
The highest sailing cancellation since the Covid-19 outbreak was in February, registering a spike of 105 cancellations across Trans-Pacific, Asia-Europe, and the Mediterranean trades.
The global body's goods trade barometer (GTB) on Wednesday hinted at further weakening of trade volumes in H2CY20.
The downturn is expected to accelerate in the second quarter, with global trade projected to record a quarter-on-quarter decline of 27%
Drop in world commerce might be biggest since the Great Depression
While valuations are attractive, disruption will keep volumes muted
While valuations are in the attractive zone, disruption would keep near term volumes muted
As Indian equities enter the bear market zone, experts urge investors not to make lump sum investments as stocks haven't bottomed-out yet
Situation to worsen as estimates don't take into account coronavirus outbreak
The official of the Securities and Exchange Board of India said that liquidity is an important benchmark
Tariff wars are among the three serious challenges to global trade.
Structural reforms are much less about privatisation, land, and labour, and more about expanding the scope of private enterprises and allowing them to be more competitive and productive
India's booming cities remain at the top of the heap, with the fastest growth rates on the globe, but they are also much smaller than other major cities.
"We recommend that the United States bring its measures into conformity with its obligations," the ruling said
Many of the shippers are facing cancellation of orders and buyers are insisting for discounts.
While India's growth stands shoulder-to-shoulder with a slowing China, the IMF expects the US to grow at a slower pace in the coming years