Economy
- Business
US economy expands 2.9 percent in December quarter
Washington: Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2022. In the third quarter, real GDP increased by 3.2 percent, according to…
- World
China’s population drop reflects pessimism about the future
Washington: China’s population has decreased for the first time in over 60 years, signalling the start of long-term decline that will bring demographic challenges for the world’s second-largest economy as well as…
- India
Saudi Arabia set to overtake India as fastest-growing major economy in 2023
Hit by weakening demand, the Indian economy is expected to grow at a slower 7 per cent rate in the current fiscal ending March 2023, setting the stage for the country losing…
- India
Economy to grow at 7 pc in current fiscal: National Statistical Office
New Delhi: The Indian economy is likely to grow at a rate of 7 per cent in the current fiscal, against the 8.7 per cent growth in 2021-22, the National Statistical Office…
- World
Sunak pledges to halve inflation, boost economy
London: UK Prime Minister Rishi Sunak has pledged to halve inflation and boost the country’s economy in his first major speech of the new year. In his speech on Wednesday, Sunak made…
- World
Third of global economy will be in recession this year: IMF
Washington: International Monetary Fund (IMF) chief Kristalina Georgieva has warned that a third of the global economy will be in recession this year and 2023 will be “tougher” than 2022 as the…
- India
Many youth end up in gig economy, get no job security: Rahul Gandhi
Alwar: Youth from across India come to Rajasthan to study and hope for good jobs, but many end up in the new “gig economy” which offers little security despite government efforts, Congress…
- World
Finnish economy to fall into mild recession in 2023
Helsinki: The Bank of Finland has forecast the country’s economy is expected to fall into a mild recession in 2023, although it will grow by 1.9 per cent over the entire year…
- World
Austria’s economy expected to face stagnation in 2023
Vienna: The Austrian Institute of Economic Research (WIFO) said that it expects the country’s economy to stagnate next year amid the ongoing energy crisis and the global economic downturn. Austria’s gross domestic…
- Business
BHU to study impact of Kashi Vishwanath Dham on economy
Varanasi: The Banaras Hindu University (BHU) in Uttar Pradesh’s Varanasi will now conduct a qualitative and scientific study into the impact of the revamped Kashi Vishwanath Dham in different sectors. The economics…
- World
UK economy rebounds in Oct but recession still looms
London: The British economy is estimated to have grown by 0.5 per cent between September and October, statistics showed, but a lengthy recession is still expected in the UK. October’s rebound followed…