Germany's economy is recovering faster than previously expected, with GDP set to grow by 0.3 per cent in 2023, according to a joint forecast published by the country's leading economic institutes.
These comments come as India continues to be the fastest growing major economy in the world. In its July 2022 report, the IMF had pegged India's GDP growth for 2022 at 7.4 per cent.
Notwithstanding the risk — still remote, but hard to ignore — of a potential nuclear conflagration in Europe, the main Western adversarial focus appears to be on China.
Top finance officials representing most of the world’s economy have backed a sweeping revision of international taxation that includes a…
Experts at the symposium, 'Confronting the Challenges of COVID-19: A New Global Outlook', highlighted the ongoing struggle between forces of globalisation and protectionism, while emphasising on the need for a collective response to the COVID-19 challenge.
With two-thirds of the world's population living in developing countries facing unprecedented economic damage from the COVID-19 crisis, the UN is calling for a USD 2.5 trillion rescue package for these nations.
Meanwhile, the global markets continued to be under threat of the spread of Coronavirus, impacting the world economy. The epidemic has raised fears of a global recession with uncertainties over the proportions of the economic fallout, as countries around the world grapple with how to contain the outbreak.
The report measured the preparedness of world's 82 largest economies and found that based on current trends the fallout of warming temperatures would shave off three percent of global GDP by 2050.
The feedbacks effects include permafrost thaw, loss of methane hydrates from the ocean floor, weakening land and ocean carbon sinks and increasing bacterial respiration in the oceans. They also include Amazon rainforest dieback, boreal forest dieback, reduction of northern hemisphere snow cover, loss of Arctic summer sea ice, and reduction of Antarctic sea ice and polar ice sheets.
As 2017 draws to a close, breaking out the champagne to celebrate the US tax cuts and record stock market…
