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Discover Latest #Economic Growth News, Articles and Videos with Contenting
Growth of the world economy slowed in the second quarter of 2020, according to the World Bank, as the COVID-19 pandemic continues to disrupt businesses and economies around the world. Governments and central banks have responded with unprecedented measures to support the global economy, including interest rate cuts, liquidity injections, and emergency stimulus packages. As countries begin to reopen their economies, investors, economists, and policymakers are looking for signs of economic growth, both in the short and long term. Here you can find the latest news and analysis about global economic growth.
Peso weakens as ADB cuts PHL growth forecast - BusinessWorld Online
THE PESO depreciated against the dollar on Wednesday after the Asian Development Bank (ADB) cut its economic growth forecast for the Philippines this year. The local currency closed at P56.81 versus the dollar on Wednesday, weakening by 5.50 centavos from Tuesday’s P56.755 finish, data from the Bankers Association of the Philippines’ website showed. The local […]
Civil construction firm Shashijit Infraprojects secures LOI for commercial project in Gujarat | Zee Business
The infrastructure sector is crucial for economic growth. It is directly linked with the economic development of a country and influences the production and distribution activities. Get more Companies News and Business News on Zee Business.
Will Eurozone PMIs Validate ECB Cut Bets? - Action Forex
Last week, the ECB decided to raise interest rates by 25bps, taking the deposit facility rate to a record high of 4%. However, with the latest data pointing to a severely wounded economy, officials cut their economic growth forecasts, and despite raising those for inflation, they hinted that this could be the last rate increase in this tightening cycle.
Asian Stocks To Face Pressure After U.S. Fed's Hawkish Stance, Says Nomura
Asian stocks may face pressure due to rising U.S. Treasury yields and a strengthening dollar after the Federal Reserve kept policy rates unchanged, according to Nomura. The dot plot projections for 2024 and 2025 showed that Fed chairman Jerome Powell and other members still see the possibility of "higher-for-longer" interest rates, Nomura said. Further, the Fed raised the 2023 economic growth projection from 1% to 2.1% and projected 1% growth for 2024.
Logistics sector to add 10 million jobs by 2027: Report - The Hindu BusinessLine
Logistics sector in India to add 10 million jobs by 2027; growing at 12% CAGR. Job profiles such as supply chain managers, logistics specialists, distribution managers, and warehousing have seen a surge in demand. Organised sector has added momentum to industry expansion. Cities such as Indore, Guwahati, Nagpur, Jaipur, Vadodara, and Lucknow expected to join major hubs. India's Logistics Performance Index rank rose to 38th out of 139 countries, demonstrating its growing prominence in global logistics landscape. Logistics industry to play an important role in India's economic growth.
Sunset Market Commentary - Action Forex
A summary for most of them can be found below while we discuss the BoE here. The central bank’s decision to leave rates unchanged at 5.25% was a close 5-4 call. Inflation, though still too high, dropped more than expected with the central bank specifically pointing to services inflation finally easing. The labour market, meanwhile is showing early signs of easing (eg. lower employment rates and higher unemployment rates) and economic growth is expected to be lower following disappointing PMI’s and several other business indicators.