Page 2 - World Economy
Key role for banks in offering best intermediation services: RBI's Patra
Calls for world-class financial intermediation services with Indian economy poised to surpass Germany and Japan a few years and nation's population set to become world's largest and youngest
 "Key role for banks in offering best intermediation services: RBI's Patra")
140 organisations worldwide ask IMF to issue $650 bn to help poor nations
Allocating more IMF reserve assets known as special drawing rights, or SDRs, "would immediately make hundreds of billions of dollars available to nearly all low- and middle-income IMF member countries
 "140 organisations worldwide ask IMF to issue $650 bn to help poor nations")
How should India respond to future shocks in an off-balance changed world?
The global engines of growth have become the sources of instability and uncertainty. T N Ninan explores what India should do
Britain slips behind India to become world's sixth biggest economy
The former British colony leaped past the UK in the final three months of 2021 to become the fifth-biggest economy
 "Britain slips behind India to become world's sixth biggest economy")
World stocks eye 3% weekly loss, dollar sky high before US jobs data
Fresh lockdowns in China are also fuelling concerns about global growth, while high energy costs as a result of the war in Ukraine are weighing on European markets
 "World stocks eye 3% weekly loss, dollar sky high before US jobs data")
World stocks fall and oil prices slide on rate and recession fears
Wall Street struggled to hang on to early gains while European shares deepened losses, hobbled by worries that tightening monetary policy around the world will hurt demand
 "World stocks fall and oil prices slide on rate and recession fears")
Karma catches up with the rich
The world's most powerful nations are accountable for colossal economic and political mismanagement
 "Karma catches up with the rich")
Post-pandemic surprises and where the Indian economy truly stands today
To avoid getting caught up in possible group-think, we need to question the assumptions. Remember that there have been only two five-year periods when India has recorded rapid growth, writes T N Ninan
Oil plummets below $100 per barrel as recession risks come to forefront
Investors are fretting about the possibility of an economic downturn as central banks across the world take aggressive actions to limit inflation
 "Oil plummets below $100 per barrel as recession risks come to forefront")
Rising gas prices threaten stability and livelihoods around the world
The cost of filling a car's tank, getting to work and cooking dinner has spiked
 "Rising gas prices threaten stability and livelihoods around the world")
No let-up in market sell-off as recession fears build for world economies
Experts said risk aversion among investors is due to scepticism over whether policymakers will be able to achieve aggressive monetary tightening to tame inflation without triggering recession
 "No let-up in market sell-off as recession fears build for world economies")
Anti-globalisation to green energy: 5 shifts that will shape world economy
Opportunities will arise as the era of hyperglobalisation and cheap finance fades into the past
 "Anti-globalisation to green energy: 5 shifts that will shape world economy")
Shock of war threatens lasting consequences on global economy: OECD
The organization slashed its outlook for global growth this year to 3% from the 4.5% it predicted in December and doubled its inflation projection to nearly 9% for its 38 member countries
 "Shock of war threatens lasting consequences on global economy: OECD")
Oil shock devastates poorer nations as shortages, protests mount
Higher fuel bills are exacerbating inflation in countries that are already struggling with soaring food prices
 "Oil shock devastates poorer nations as shortages, protests mount")
Changing themes: What World Economic Forum talked about in 52nd conference
While 'save the planet' remained the top topic of discussion in the WEF publications, finding reference in 141 of the 328 articles published last week, media discussions focused on geopolitics
 "Changing themes: What World Economic Forum talked about in 52nd conference")
World Economic Forum 2022: The world is bullish on the Indian economy
The first post-pandemic in-person meeting at Davos took place with reduced participation amid a war raging in Europe, but witnessed spirited debates
 "World Economic Forum 2022: The world is bullish on the Indian economy")
WEF 2022: EU CEOs step up action plan on energy and food security
CEO Action Group renewed its commitment to a 55 per cent emissions reduction target by 2030
 "WEF 2022: EU CEOs step up action plan on energy and food security")
WEF summit: World economy has 'buffer' against recession, says Gopinath
"I would say at 3.6 per cent there is a buffer," she said, conceding, however, that risks are uneven around the world
 "WEF summit: World economy has 'buffer' against recession, says Gopinath")
Thomas Piketty's equality programme
Although Piketty favours much higher income tax rates, policies that redistribute property rather than income are the heart of his programme
 "Thomas Piketty's equality programme")
IMF: Diversification, substitutability build resilient value chains
The IMF says that in the early days of the pandemic in 2020, the GVC-intensive trade collapsed but rebounded very quickly showing remarkable resilience.
