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Search results for fragilities

A recession in America by 2024 looks likely
4 months, 1 week ago

A recession in America by 2024 looks likely

Live Mint  

Not long ago recessions seemed to strike America roughly once a decade. But because the world economy, asset markets and America’s politics are all fragile, it may yet have nasty and unpredictable consequences. An American recession would land another blow on vulnerable parts of the global economy by curbing demand for their exports. But after over a decade of cheap …

Economy Inflation America Fed Rates Recession
G-20 meeting in India ends without consensus on Ukraine war
1 year, 9 months ago

G-20 meeting in India ends without consensus on Ukraine war

Associated Press  

BENGALURU, India — A meeting of finance chiefs of the Group of 20 leading economies ended on Saturday without a consensus, with Russia and China objecting to the description of the war in Ukraine in a final document. The meeting hosted by India issued the G-20 Chair’s summary and an outcome document stating that there was no agreement on the …

India Bengaluru China War Ukraine Russia Sitharaman
Ukraine war is exacerbating fragilities in the global economy: G20 Ministers
1 year, 9 months ago

Ukraine war is exacerbating fragilities in the global economy: G20 Ministers

The Hindu  

At a meeting of G20 Finance Ministers and Central Bank Governors on Saturday in Bengaluru, most members called for a “complete and unconditional withdrawal” of the Russian forces from Ukrainian territory. “Most members strongly condemned the war in Ukraine and stressed that it is causing immense human suffering and exacerbating existing fragilities in the global economy — constraining growth, increasing …

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Ukraine tensions flare at G-20 finance meetings in India
1 year, 10 months ago

Ukraine tensions flare at G-20 finance meetings in India

Associated Press  

BENGALURU, India — Tensions over Russia’s war on Ukraine flared Friday at meetings of financial chiefs of the Group of 20 leading economies, where geopolitics affected the atmosphere if not the agenda of the gathering in the Indian technology hub of Bengaluru. U.S. Treasury Secretary Janet Yellen condemned the “illegal and unjustified war against Ukraine” at a session attended by …

Finance India Bengaluru War Ukraine Russia Indian
Yellen affirms push for stronger Russia sanctions at G-20
1 year, 10 months ago

Yellen affirms push for stronger Russia sanctions at G-20

Associated Press  

BENGALURU, India — The U.S. wants to see tougher and more effectively enforced sanctions against Russia and additional support for Ukraine, Treasury Secretary Janet Yellen said Thursday during meetings of the Group of 20 leading economies in the Indian technology hub of Bengaluru. Yellen said that work “could not come soon enough” as well as on extending the Black Sea …

India Bengaluru China War Ukraine Russia Sri Lanka
War causing immense human suffering: G20 declaration
2 years, 1 month ago

War causing immense human suffering: G20 declaration

The Hindu  

Leaders of the G20 grouping on Wednesday said it was “essential to uphold international law and the multilateral system” as “today’s era must not be of war”. “Most members strongly condemned the war in Ukraine and stressed it is causing immense human suffering and exacerbating existing fragilities in the global economy - constraining growth, increasing inflation, disrupting supply chains, heightening …

Food Global Security War Ukraine Russia Russian
Winter is coming: The Hindu Editorial on IMF’s warning
2 years, 2 months ago

Winter is coming: The Hindu Editorial on IMF’s warning

The Hindu  

The International Monetary Fund, in its latest World Economic Outlook report, has retained global growth hopes for 2022 at 3.2%, and lowered next year’s projection to 2.7% from 2.9%. The year 2023 will feel like a recession for many people in the world, the Fund has cautioned, as ‘the worst is yet to come’ amid tighter monetary policies to curb …

India Fund Imf Hindu Editorial
The Chinese challenge uncovers India’s fragilities
2 years, 11 months ago

The Chinese challenge uncovers India’s fragilities

The Hindu  

Like Banquo’s ghost, the 1962 Sino-India war hangs like a shadow over the current state of bilateral ties between India and China. China’s diplomatic moves Nearly 20 months after the border crisis began in Ladakh, China has pressed on with aggressive diplomatic and military gestures against India. Now revealed The Chinese challenge has laid bare globally India’s political, economic and …

Delhi Russia Pakistan Border Indian Crisis Chinese
Indian Economy to Contract 10.5 Pc in FY21; Covid-19 Spread Disrupting Eco Activity: Fitch
4 years, 3 months ago

Indian Economy to Contract 10.5 Pc in FY21; Covid-19 Spread Disrupting Eco Activity: Fitch

News 18  

Fitch Ratings on Tuesday slashed India's FY21 growth projection to 10.5 per cent, from 5 per cent estimated earlier, saying the continued spread of the virus and imposition of sporadic shutdowns across the country has disrupted economic activity. Fitch said India recorded one of the sharpest GDP contractions in the world in the April-June quarter, but noted that growth should …

India Growth Cent Virus Eco Gdp Activity