Page 11 - Economic Recovery
The point-of-sale machine: Clearly, there is a world beyond the swipe
The point-of-sale machine has evolved from a mere swiping facility to a tool used by merchants for inventory management, bookkeeping and more
 "The point-of-sale machine: Clearly, there is a world beyond the swipe")
Markets priced to perfection; don't factor in third Covid wave: Jigar Shah
The markets are priced to perfection and do not take into account a third wave., says Shah
 "Markets priced to perfection; don't factor in third Covid wave: Jigar Shah")
Revenge spending spurs rally in consumer stocks: Check details here
Investors bet on lockdown-weary Indians binging on luxury watches, jewellery, cars, and renovation.
 "Revenge spending spurs rally in consumer stocks: Check details here")
China's economy grows more slowly than expected in second quarter
China's economy grew more slowly than expected in the second quarter, as slowing manufacturing activity, higher raw material costs and new Covid-19 outbreaks weighed on recovery momentum
 "China's economy grows more slowly than expected in second quarter")
Shortage of chips, worth a few dollars, costing global firms billions
Vehicles, computers, mobile phones, and other smart gadgets, with sticker prices ranging up to thousands of dollars, are stuck on assembly lines for lack of components
 "Shortage of chips, worth a few dollars, costing global firms billions")
Big banks expand share in corporate lending amid pandemic stress
The corporate banking space had started consolidating even before Covid, driven by the RBI's steps on opening current accounts of corporates and others.
 "Big banks expand share in corporate lending amid pandemic stress")
It's the best time to buy a house for your own use, say analysts
Chances of realty prices declining further are slim
 "It's the best time to buy a house for your own use, say analysts")
S&P affirms India's sovereign rating at 'BBB-', keeps outlook stable
But says country's fiscal settings are weak, and deficits will remain elevated ahead even as the government undertakes some consolidation
 "S&P affirms India's sovereign rating at 'BBB-', keeps outlook stable")
Recovery tracker: Office visits at 78% of pre-Covid days as cases fall
Roads see more traffic and power generation a brighter week
 "Recovery tracker: Office visits at 78% of pre-Covid days as cases fall")
Economy recovering due to targeted fiscal relief, rapid vaccination: FinMin
This is on the back of targeted fiscal relief, monetary policy and a rapid vaccination drive: FinMin
 "Economy recovering due to targeted fiscal relief, rapid vaccination: FinMin")
Gradual receding of Covid cases has created scope for eco recovery: PHDCCI
The gradual receding of the second wave of the COVID-19 pandemic has created scope for the economy to recover from the daunting impact witnessed in April and May 2021: PHDCCI
 "Gradual receding of Covid cases has created scope for eco recovery: PHDCCI")
Hiring activity bounces back with 15% rise in June, finds report
The activity was led by the IT-Software/Software Services sector.
 "Hiring activity bounces back with 15% rise in June, finds report")
IMF calls for urgent action to address worsening 'two-track' recovery
As G20 finance ministers and central bank governors are set to gather later this week, the International Monetary Fund called for urgent action to address a worsening 'two-track' recovery
 "IMF calls for urgent action to address worsening 'two-track' recovery")
US Fed keen to be 'well positioned' to act on inflation, minutes show
Federal Reserve officials last month felt substantial further progress on the US economic recovery "was generally seen as not having yet been met"
 "US Fed keen to be 'well positioned' to act on inflation, minutes show")
Dollar near three-month high after Fed minutes reaffirm taper timeline
The dollar index, which measures the greenback against six rivals, held its ground at 92.702, little changed from Wednesday, when it touched 92.844 for the first time since April 5
 "Dollar near three-month high after Fed minutes reaffirm taper timeline")
European Union upbeat over economic growth, concerned about inflation
Real gross domestic product is expected to return to its pre-coronavirus crisis level in the last quarter of this year.
 "European Union upbeat over economic growth, concerned about inflation")
Fitch cuts India growth forecast to 10%, says vaccination to help revival
Rapid vaccination could support a sustainable revival in business and consumer confidence: Fitch
 "Fitch cuts India growth forecast to 10%, says vaccination to help revival")
IT industry to post strong recovery with 11% revenue growth in FY22: Crisil
The recovery will be led by increasing outsourcing and accelerating digital transformation services mainly in sectors such as banking, financial services and insurance (BFSI), healthcare, and retail
 "IT industry to post strong recovery with 11% revenue growth in FY22: Crisil")
India coming out of 2nd wave; will see strong economic recovery: Jaishankar
India will witness a strong economic recovery and contribute to being an engine of growth for the global economy, External Affairs Minister S Jaishankar said
 "India coming out of 2nd wave; will see strong economic recovery: Jaishankar")
Most CFA Institute members predict K-shaped recovery from pandemic: Survey
A significant percentage of CFA Institute members believe that a "K-shaped" economic recovery is forming, where different parts of economy are recovering at different rates, times or magnitudes
 "Most CFA Institute members predict K-shaped recovery from pandemic: Survey")
