All eyes today will be on the coming GDP numbers for the third (October-December) quarter of the current financial year, scheduled to be released later in the day. The numbers come amid rising hope that the economy may have slowly turned the corner after having shrunk sharply during the past two quarters. It may be … Read more
One can never rule out downside risks completely, but in terms of just putting weight one can say that the upside potential is greater, says Chief Economic Adviser K V Subramanian. Edited excerpts: Let me first begin by asking you about your 11% growth projections. Of course it is in line with the IMF’s estimate … Read more
The IMF has warned that the inequitable distribution of COVID-19 vaccines risks exacerbating financial vulnerabilities, especially for frontier market economies, even though their approval and rollout have boosted expectations of a global recovery and lifted risk asset prices. In its Global Financial Stability update released on Wednesday, the International Monetary Fund underlined that until the … Read more
The good news for the moment is that WHO’s single largest donor, the United States, has retracted the former US administration’s move to withdraw its membership from the WHO. (Photo source: Reuters) The World Health Organisation’s funding model that draws strength from voluntary contributions is ill-suited for handling global health crisis. The ask is a … Read more
More than a year into the pandemic, as cases continue to swell and shrink in waves, people have begun to pin their hopes on a vaccine. By Dr. Daya Krishan Mangal The last twelve months have been tumultuous. From detection of the first case of COVID-19 in Wuhan city, China to its spread like wildfire; … Read more
WASHINGTON: The global economy is starting 2021 in a better position than had been expected in 2020, but surging COVID-19 cases and new strains of the virus are clouding the outlook and making for a “dark winter,” the International Monetary Fund’s chief economist said on Tuesday. “What is true as of now is that we’re … Read more
Synopsis Macroeconomic textbooks are replete with examples. We saw this play out between President Donald Trump and the US Federal Reserve, and former finance minister P Chidambaram and Reserve Bank of India (RBI). Yes, on rare occasions, as during the 2008 crisis and during 2020, when pandemic-induced restrictions virtually brought economic activity to a standstill, … Read more
Washington: India’s public debt ratio, which remarkably remained stable at around 70 per cent of the GDP since 1991, is projected to jump by 17 percentage points to nearly 90 per cent because of increase in public spending due to COVID-19, the IMF said on Wednesday. “In our projections, the increase in public spending, in … Read more
Bangladesh is set to overtake India in terms of per capita Gross Domestic Product (GDP) in 2020-21, according to the latest projection shared by the International Monetary Fund (IMF). According to the IMF’s World Economic Outlook (WEO) report, India’s per capita GDP is likely to slump 10.5 per cent to $1,877 — the lowest in … Read more
India will regain its position as the fastest-growing emerging economy in 2021, the International Monetary Fund said on Tuesday. The IMF, in its latest ‘World Economic Outlook’ report, said that the Indian economy hit by coronavirus pandemic – is projected to contract by a massive 10.3 per cent this year, but it is likely to … Read more