State Of The World Economy
UN reports brighter global economic outlook, predicts 2.7% growth in 2024
The United Nations reported improved prospects for the world economy since its January forecast on Thursday, pointing to a better outlook in the United States and several large emerging economies including Brazil, India and Russia. According to its mid-2024 report, the world economy is now projected to grow by 2.7 per cent this year up from the 2.4 per cent forecast in its January report and by 2.8 per cent in 2025. A 2.7 per cent growth rate would equal growth in 2023, but still be lower than the 3 per cent growth rate before the COVID-19 pandemic began in 2020. "Our prognosis is one of guarded optimism, but with important caveats, Shantanu Mukherjee, director of the UN's Economic Analysis and Policy Division, told a news conference launching the report. The report pointed to interest rates that are higher for longer periods, debt repayment challenges, continuing geopolitical tensions and climate risks especially for the world's poorest countries and small island ...
 "UN reports brighter global economic outlook, predicts 2.7% growth in 2024")
World looks up to India for global economic growth: President Murmu
President Murmu also said that India's shining example, "truth and non-violence" has been successfully employed in many political struggles around the world
 "World looks up to India for global economic growth: President Murmu")
Global economy may be entering a difficult era and economists are worried
The warnings of longer-term trouble come as investors are growing somewhat more hopeful of the Federal Reserve's ability to rein in sky-high inflation without causing a recession
Anti-globalisation to green energy: 5 shifts that will shape world economy
Opportunities will arise as the era of hyperglobalisation and cheap finance fades into the past
 "Anti-globalisation to green energy: 5 shifts that will shape world economy")
WEF: Firms join First Movers Coalition, CEOs to help reskill 1 bn, and more
Some 70+ CEOs of the CEO Climate Leaders Alliance - the largest CEO-led climate action group globally - agreed on taking bold action to translate pledges into tangible emission reductions
 "WEF: Firms join First Movers Coalition, CEOs to help reskill 1 bn, and more")
PM Modi to deliver 'State of the World' special address at WEF today
Prime Minister Narendra Modi will deliver the 'State of the World' special address at the World Economic Forum's (WEF) Davos Agenda today
 "PM Modi to deliver 'State of the World' special address at WEF today")
World economy needs intellectual revolution to get out of low-growth trap
Modern policy makers operate in a world of radical uncertainty. They simply do not know what might happen next - and under these conditions, economic models need to be seen in a new light
 "World economy needs intellectual revolution to get out of low-growth trap")
The clouds over 2020
The last few months have brought us an avalanche of downgraded forecasts from all international and private sector financial institutions and think tanks
 "The clouds over 2020")
Can banks survive negative rates, instability in global financial system?
The spread of unconventional monetary policies threatens to set off dangerous and unpredictable feedback loops
 "Can banks survive negative rates, instability in global financial system?")
Statsguru: State of the world economy
Equity prices have remained strong in both advanced and emerging markets
 "Statsguru: State of the world economy")
