IMF upgrades global growth forecast as economy proves ‘surprisingly resilient’ despite downside risks
[ad_1] Crowds walk below neon signs on Nanjing Road. The street is the main shopping district of the city and one of the world’s busiest shopping districts. Nikada | E+ | Getty Images The International Monetary Fund on Tuesday slightly raised its global growth forecast, saying the economy had proven “surprisingly resilient” despite inflationary pressures […]
How fast is India’s economy really growing?
[ad_1] Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. Optimism about India tends to spike now and again. In 1996, a few years after the country opened to foreign capital, the price of property in Mumbai, India’s financial hub, soared to the highest […]
Europe’s economy is under attack from all sides
[ad_1] A decade ago Xi Jinping was welcomed to Duisburg in Germany’s Ruhr valley. He praised the region as a hub for Chinese investment; greeted a train that had spent a fortnight travelling from Chongqing, via Russia, to Europe’s industrial belt; and enjoyed an orchestral performance of traditional mining songs. More recently, another Chinese arrival […]
Falling fertility rates pose major challenges for the global economy
[ad_1] Terry Vine | Getty Images Falling fertility rates are set to spark a transformational demographic shift over the next 25 years, with major implications for the global economy, according to a new study. By 2050, three-quarters of countries are forecast to fall below the population replacement birth rate of 2.1 babies per female, research […]
Switzerland becomes first major economy to cut interest rates in surprise move
[ad_1] The Swiss national flag hangs from the Federal Palace, Switzerland’s parliament building, in Bern, Switzerland, on Thursday, Dec. 13, 2018. The Swiss National Bank cut its inflation forecast and showed no inclination of moving off its crisis-era settings, citing the francs strength and mounting global risks. Photographer: Stefan Wermuth/Bloomberg via Getty Images Bloomberg | Bloomberg | […]
Russia’s economy once again defies the doomsayers
[ad_1] In the two years since Vladimir Putin’s invasion of Ukraine, Russia’s economy has repeatedly defied the doomsayers. A financial collapse, widely predicted in the spring of 2022, never came to pass. The economy fell into recession, but it was less severe than expected and did not last long. Inflation was the most recent scare. […]
The Two Most Important Prices in the Argentine Economy
[ad_1] One of the wonders of human society is how the individuals of our species found a way to coordinate our actions to collaborate without anyone being in command. Sure, there are governments, but they earn their legitimacy to the extent that they protect individuals’ lives, limbs, and possessions from violence and fraud- not from […]
Germany’s economy is on shaky ground and there are few signs of hope
[ad_1] Federal Chancellor Olaf Scholz (SPD, r-l), Robert Habeck (Alliance 90/The Greens), Federal Minister for Economic Affairs and Climate Protection, and Christian Lindner (FDP), Federal Minister of Finance, follow the debate at the start of the budget week. Michael Kappeler | Picture Alliance | Getty Images Good news has been sparse for the German economy. […]
How the world economy learned to love chaos
[ad_1] Central banks have embarked on austere monetary policy to crush inflation. Worries about the financial system, from bond markets to commercial property to the health of the banks, are ever-present. Some 4bn people will head to the polls this year, with unpredictable consequences. Most concerning of all, the world is on fire, with conflicts […]
The false promise of Indonesia’s economy
[ad_1] Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. In politics, repetition is a crucial part of any campaign. But for Indonesian voters, who go to the polls to elect a new president on February 14th, one pledge is starting to sound a […]