Gloabal Growth
Global meet on Tourism Technology to be held in Kerala on February 24
Kerala will host the 4th edition of the International Conference on Tourism Technology (ICTT) here, highlighting the role and potential of technology, social media and smartphone apps in the growth of travel and hospitality industry. The Association of Tourism Trade Organisations, India (ATTOI), with the support of Kerala Tourism, would organise the event here on February 24. ATTOI President Vinod C S said the ICTT 2023 will provide a valuable platform for industry professionals and experts in India to come together to share knowledge, network and discuss the latest trends and developments in tourism online marketing. A major objective of the conference is to keep the industry updated on the latest regulations, standards and best practices related to the use of technology in tourism. Such a conference can be particularly important for the tourism industry as technology plays an increasingly critical role in how people plan, book, and experience travel, he noted. "It can provide ..
German economy sees unexpected growth in 3rd quarter; inflation up
The German economy grew in the third quarter, an unexpectedly positive performance powered largely by private spending, official figures showed Friday. But the immediate outlook for Europe's biggest economy remained gloomy, with inflation rising again in October. Gross domestic product expanded by 0.3% in the July-September period compared with the previous quarter, the Federal Statistical Office said. That followed a slight increase of 0.1% in the second quarter. The German economy managed to hold its ground despite difficult framework conditions of the global economy, with the continuing COVID-19 pandemic, supply chain interruptions, rising prices and the war in Ukraine, the statistics office said. The government said earlier this month that GDP was believed to have shrunk in the third quarter and was expected to decline again in the last three months of the year as well as the first three months of 2023 before beginning to recover. Two consecutive quarters of negative growth i
 "German economy sees unexpected growth in 3rd quarter; inflation up")
Oil extends losses on weaker growth concerns and Shanghai lockdown
Ongoing support is provided by supply tightness after disruptions in Libya, which is losing 550,000 barrels per day (bpd) of output
 "Oil extends losses on weaker growth concerns and Shanghai lockdown")
IMF leaves 2018, 2019 global growth forecasts unchanged from Jan at 3.9%
Over the medium term, global growth is projected to decline to about 3.7%, the IMF said
 "IMF leaves 2018, 2019 global growth forecasts unchanged from Jan at 3.9%")
