Wednesday, June 7, 2023

global economy

Global economy in its steepest slowdown since 1970: World Bank

Interest rate hikes by central banks around the world could trigger a global recession in 2023, the World Bank has warned, media reports said.Central banks have raised rates “with a degree of synchronicity not seen over the past five...

WEF warn of dire human consequences from fragmentation of global economy

The World Economic Forum’s Chief Economists Outlook report on Monday warned of dire human consequences from the fragmentation of the global economy and said that developing economies face trade-offs between the risks of debt crisis and securing food and...

IT sector growing at almost twice the rate of economy

The tech sector is expected to grow at almost twice the rate of the Indian economy this financial year, reports Times of India.Industry body Nasscom said on Tuesday that the sector revenue is estimated to rise by 15.5% to...