Wednesday, December 6, 2023

stagflation

Risk of stagflation low in India: Fin Min

The Finance Ministry said on Monday that while India faces a lower risk of stagflation than other nations, there is now an upside risk to gross budget deficit due to additional welfare and subsidy spending and recent cuts in...

World Bank warns of recession as Ukraine war hits economies

Countries around the world are facing recession as the Ukraine war hits economies already rocked by the Covid pandemic, the World Bank has warned, media reported.Less developed countries in Europe and east Asia face a “major recession”, BBC reported.The...

India is facing stagflation: Kaushik Basu

India’s overall macroeconomic situation is in a recovery mode but the growth is concentrated at the top end, which is a worrying trend, according to former World Bank Chief Economist Kaushik Basu. Amid the rising inflationary trends, including the sharp...