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Latest Articles in global economy

The Next Economic War Will Be Fought Via Currencies: Prabal Basu Roy

In an interaction with Annurag Batra, Chairman and Editor-in-Chief, BW Businessworld, Director and Advisor to Chairman of Corporate Boards, Prabal Basu Roy discusses about the global market condition, China’s strategy and the Indian economic scenario post Covid-19

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Global Economy: Pandemic Throws Asia's Services Firms, Factories Into Deeper Decline

Asia's economic woes, seen in flash purchasing managers' indexes are likely to be echoed in other parts of the world with similar surveys from major European economies

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COVID-19 Will Be With Us For Long Time, Says WHO

COVID-19 has infected more than 2.6 million people around the world and a total of 1,83,027 people have died due to coronavirus

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Asia Equities Set To Plunge After US Crude Collapses For Second Day

The Dow Jones Industrial Average fell 2.67% to 23,018.88, the S&P 500 lost 3.07% to 2,736.56 and the Nasdaq Composite dropped 3.48% to 8,263.23.

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US Oil Futures Slump To Historic Lows Below Zero, Brent Plunges

Global benchmark Brent crude also fell sharply in response to the collapse of demand following reduced economic activity.

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IMF May Need 'Exceptional Measures' To Facilitate Pandemic Response

IMF last forecast the global economy would contract by 3% in 2020 due to the pandemic, marking the steepest downturn since the Great Depression of the 1930s.

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The Unprecedented COVID-19 Crisis Will Require A Multipronged Policy Response

Given the multiplicity of shocks associated with the COVID-19 crisis, there needs to be a well-designed multipronged policy response of an unprecedented scale to prevent the cracks in the Indian economy from widening.

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China's Exports Slump Seen Extending To March As Coronavirus Ravages Global Economy

Imports, meanwhile, are set to have shrunk 9.5% from a year earlier, the sharpest drop since July 2016 and versus an 4.0% decline in January-February.

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Asian Markets Look To Follow Wall Street Rally As Oil Surges

Brent futures rose $5.20, or 21.0%, to settle at $29.94 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $5.01, or 24.7%, to settle at $25.32.

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Global Economic Policy Response To Coronavirus Crisis

Federal government announced on March 26 a 1.7 trillion rupee stimulus plan providing direct cash transfers and food security measures.

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COVID-19: IMF Says Global Economy In Recession

More countries are imposing lockdown measures to contain the rapidly spreading virus, which has infected over 337,500 people across the world.

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Moody's Slashes India GDP Growth In 2020 To 2.5%

Indian government too on Thursday announced a Rs 1.7 lakh crore package including free foodgrains and cash to poor, for the next three months

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Asia Shares Rise On More Stimulus Hopes But Dollar Loses Steam

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.2%. Australian shares gave up gains to fall 1.09%, but Japan's Nikkei rose 1.44%.

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Coronavirus: Modi, Putin Discuss Humanitarian Issues And Global Economy

The Prime Minister told President Putin that Indian authorities concerned would continue to facilitate in all possible manner the efforts for ensuring the well-being and organised return of Russian nationals, as and when required.

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Surveys Show Coronavirus Pandemic Savaging Global Economy

IHS Markit's flash composite Purchasing Managers' Index (PMI) for the euro zone, seen as a good gauge of economic health, plummeted to a record low of 31.4 this month from February's 51.6.

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