Global Economy

Report highlights the need to cut import tariffs, simplify procedure to attract foreign investment

"India has more tariffs than nearly any other country," says US President Donald Trump

France has a lot of good presses that specialise in publishing stories for children. I grew up reading books as well as weekly and monthly magazines, Esther Duflo said

The speed and scope of the import duties that Trump unveiled in executive orders on Saturday prompted widespread criticism from many lawmakers, economists and business groups

The German government on Wednesday slashed its 2025 growth forecast for the country's economy, Europe's biggest, to just 0.3% after it shrank for two consecutive years. The new projection is much lower than the government's previous forecast of 1.1% growth, issued in October. Germany has managed no meaningful economic growth in the past four years as it has struggled to deal with major shifts in the global economy and with structural challenges of its own. Preliminary figures released two weeks ago showed that gross domestic product contracted by 0.2% last year, following a 0.3% decline in 2023. The economy is one of the top issues in the campaign for an early German parliamentary election on Feb. 23. It is being held seven months before it was originally scheduled after Chancellor Olaf Scholz's three-party coalition collapsed in November in a dispute about how to revitalise the economy. Contenders to lead the next government have made contrasting proposals on how to get it growing

The trouble this time was largely pinned on shifts in global interest rate expectations. But bond market watchers have pointed to a notable change in UK market dynamics that seems to have taken root

The global economy is growing steadily in the face of war, protectionist trade policies and high interest rates. It just isn't growing fast enough to bring relief to the world's poorest, the World Bank said Thursday in its latest assessment of the global economy. The bank expects the world economy to expand 2.7 per cent in 2025 and again in 2026. It's a remarkably consistent performance matching 2023 and 2024 but also a lackluster one. Growth is running 0.4 percentage points below the 2010-2019 average. The slump reflects lingering damage from the adverse shocks of recent years,' including COVID-19 and Russia's invasion of Ukraine. The bank's latest Global Economics Prospects report, which comes out in January and June, did offer some good news. Global inflation, which was running over 8 per cent two years ago, is expected to slow to an average of 2.7 per cent in 2025 and 2026, close to many central bank targets. The World Bank, comprising 189 member nations, seeks to reduce pover

A majority of chief economists worldwide expect weaker global economic conditions in 2025 but India is likely to maintain a strong growth despite signs of some momentum being lost, a new report said on Thursday. In its latest Chief Economists Outlook, the World Economic Forum said the global economy is set to face significant challenges in 2025, with 56 per cent of chief economists surveyed expecting conditions to weaken. Only 17 per cent foresee an improvement, pointing to heightened uncertainty in key regions and the need for measured policy responses worldwide, it found. The US economy is expected to deliver robust growth in 2025, and South Asia, particularly India, is also expected to maintain strong growth. The outlook for Europe remains gloomy, with 74 per cent of respondents predicting weak or very weak growth this year. The outlook for China also remains weak, and growth is projected to slow gradually in the years ahead, the WEF said in the report prepared on the basis of

Regulators, through regulations, address market failures, prevent abuse of freedom, and protect the rights of market participants

Freelancers in the United States contribute significantly to the country's economy, with earnings totalling approximately $1.27 trillion in 2023

The economic losses linked to government-induced disruptions amounted to $7.69 billion globally in 2024, a decline of 15.77 per cent compared to the previous year

Global trade is expected to grow by 3.2% in 2025, slightly down from 3.4% in 2024. However, tensions in trade policies and geopolitical uncertainties pose risks

Greenland's leader held talks on Wednesday with the Danish king in Copenhagen, a day after Trump's remarks thrust the fate of the Danish-ruled island to the top of world headlines

"A stable job market will squelch the Fed's appetite for cutting rates aggressively amid nagging services inflation," said Jeffrey Roach, chief economist at LPL Financial

From continuing energy market volatility driven by geopolitical tensions to the AI boom transforming industries, economic trends have been anything but predictable

While India and US have optimistic outlooks going into 2025, Germany and UK may see sluggish growth

In richer economies, governments need to work out how to counter the conviction of many voters that their purchasing power, living standards and future prospects are in decline

In 2024, the world's central banks were finally able to start lowering interest rates after largely winning the battle against inflation without sparking a global recession

The people in the US who are imbued with free trade as a philosophy are concerned about the growing impediments to global trade

The policies of the first decade-and-a half of planned development are better characterised as Nehruvian Humanism