Lack of jobs in the market has already hit the common man severely. The double-digit contraction rate means the situation is likely to improve only at snail’s pace.
If the forecast of IMF turns out to be true, India will be the worst affected economy in the South Asia. However, Finance Minister Nirmala Sitharaman’s Rs. 73,000 crore package looks bright.
The downward revision primarily reflects negative surprises to economic activity in a few emerging market economies, notably India, which led to a reassessment of growth prospects over the next two years, said Gita Gopinath, Chief Economist, International Monetary Fund (IMF), here on Monday.
The new chief of the International Monetary Fund, Kristalina Georgieva said on October 8, that the global economy is experiencing a ‘synchronized slowdown’, warning that it would worsen if governments failed to resolve trade conflicts and support growth.
As privately issued stablecoins continue to encroach on more traditional forms of money — like cash and bank deposits — policymakers will not simply look on from the sidelines.
International Monetary Fund (IMF) on September 12 said that India’s economic growth is “much weaker” than expected due to corporate and environmental regulatory uncertainty and “lingering weakness” in some non-Bank financial companies.
Concerns about global trade have reached nearly 10 times the peaks seen in the previous two decades, the International Monetary Fund (IMF) has said.”Globally, the trade policy uncertainty index is rising sharply, having been stable at low levels for about…
Out of the USD 6 billion bailout package, Pakistan will receive the instalment of USD 1 billion from the International Monetary Fund (IMF)
The International Monetary Fund (IMF) has said that rising power of big successful companies across the world could lower capital investment, weaken productivity and reduce people’s take-home pay.
The global economy is expected to suffer a slowdown in growth this year. However, India’s dependence on its domestic economy could limit the impact. IMF has cited the possibility of a an economic storm that’s brewing in the global economy…