News Muncher - category economic slowdown

5 months ago

Oil stabilises as signs of economic slowdown clash with Fed rate cut hopes; brent crude at $85.09/bbl

Oil prices remained largely unchanged on Thursday as investors grappled with conflicting signals about crude demand. Concerns about a potential economic slowdown in the U.S. were balanced by rising expectations that the Federal Reserve might soon cut interest rates. “Crude Oil prices have recovered from above key support levels with NYMEX crude recovering from $79-$79.5 and MCX crude from above …

Oil Economic Prices Oil Prices Fed Rate Crude

1 year, 4 months ago

China Announce New Measures to Boost Consumption Amid Economic Slowdown

News 18

Chinese authorities announced new measures to boost consumption on Monday, as fresh economic data suggested that the country’s post-Covid recovery is running out of steam and growth is slowing. Official figures released Monday showed factory activity contracting for the fourth straight month in July, adding to a run of dismal economic data that has ramped up calls for government support …

China Consumption Pmi Economic Slowdown

1 year, 6 months ago

Crude oil price today under sell off heat after US rebuttal on Iran nuclear deal

Live Mint

Crude oil price today: After climbing on Thursday evening, oil prices on West Texas Index retraced to the tune of 0.25 per cent during early morning session in Asian stock market. On MCX, crude oil price today tumbled to the tune of one per cent and hit intraday low of ₹5,840 per barrel levels within few minutes of commodity market's …

Market Oil Prices Commodity Price Crude Oil Prices Oil Prices

1 year, 9 months ago

India's economy faces consumption hurdle as RBI focuses on tackling inflation

India Today

A slowdown in consumption has put India’s world-beating economic growth at risk. In fact, eight high-frequency indicators tracked by Bloomberg highlighted moderating credit growth, weaker tax revenues and a rising unemployment rate. Impact of demand slowdown on growth India’s GDP growth has been weakening over the past few quarters, and it slowed to 4.4 per cent in the December quarter. …

India Growth Economic Consumption Demand Rate Rbi

2 years, 2 months ago

World Bank slashes economic outlook for Asia over China slowdown

Al Jazeera

The Washington-based lender expects the region to grow 3.2 percent in 2022, down from a 5 percent forecast in April. The World Bank has slashed its economic outlook for the Asia-Pacific, pointing to China’s ultra-strict “zero-COVID” policy as a drag on regional growth. The bank is the latest financial institution to cut its growth forecast for Asian economies after the …

China World Bank Grow

3 years, 11 months ago

The number of new skyscrapers drops 20% amid pandemic slowdown

CNN

CNN — The number of new skyscrapers built globally dropped more than 20% in 2020, according to data released this week by the Council on Tall Buildings and Urban Habitat. Last year saw the completion of 106 new buildings measuring 200 meters or above, down from 133 in 2019 – and the lowest total since 2014. Courtesy of Dave Burk …

China Buildings Building New York Ctbuh Dubai Tallest

4 years, 3 months ago

Economic slowdown, Atmanirbhar Bharat Abhiyan makes it difficult to comply with air pollution norms: Power ministry

Hindustan Times

The Centre is considering deferring the deadline by two more years for thermal power plants to comply with norms to reduce air pollution by 2022 because of the economic slowdown linked to Covid-19 pandemic and difficulties due to curbs on imports from China in sourcing systems that help control toxic sulfur dioxide emissions, officials aware of the matter said. Power …

Environment India China Chinese Ministry Deadline Thermal

4 years, 4 months ago

Coronavirus: Economic slowdown leaves India's aspiring middle class in limbo

India Today

When the novel coronavirus first emerged in the Chinese city of Wuhan last year, little did Indians imagine that the virus would hurt them so bad. Middle class incomes worst hit Key data sets on demand, employment and household incomes show how badly the virus-induced slowdown impacted India's middle class. The lower income levels of India’s middle class have severely …

India Jobs Economic Income Middle Class Hit

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