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GDP News The World Bank cuts global GDP outlook for 2020 The World Bank has cut its global GDP growth forecast for 2020 due to the ongoing coronavirus pandemic. The World Bank now expects the global economy to contract by 5.2 percent this year, a downgrade from its April forecast of a 3 percent contraction. The World Bank said that the pandemic had caused “an unprecedented shock” to the global economy and “far-reaching economic, social, and political consequences.” The bank warned that the global economy could face a significant risk of a “protracted recession” if the pandemic is not contained. It also warned that the economic impact of the pandemic could have long-lasting effects on the wellbeing of individuals and societies. The World Bank also warned that the global economic recovery could be “sluggish” and “uneven” as countries struggle to contain the virus and address the economic fallout. It emphasized the importance of continued fiscal and monetary policy support to help countries and businesses weather the crisis. The World Bank also highlighted the need for an effective international response to the crisis, including an “ambitious” and “coordinated” global effort to
The Reserve Bank of India (RBI), at its bi-monthly monetary policy meeting held on Wednesday, revised India’s real GDP growth estimate for FY26 to 6.8%, up from 6.7% earlier. This upward revision came despite downward adjustments for Q3 and Q4, reflecting optimism around domestic economic resilience. Get more Economy & Infra News and Business News on Zee Business.
THE ASIAN Development Bank (ADB) has trimmed its gross domestic product (GDP) growth forecast for the Philippines for 2026, while keeping its projection this year, citing persistent external headwinds that weigh on investments.
Once artificial intelligence really gets going, how fast can the economy grow? Five per cent a year? Ten per cent? Fifty per cent? Name your number. If you want press coverage, make it a big one. ARK Invest, an investment manager focused on disruptive innovations, has argued that 7 per cent real GDP growth is…
Markets recovered last week. Nifty and Sensex gained nearly one percent. RBI kept the repo rate unchanged. GDP growth estimates were upgraded. Bank Nifty showed outperformance. Analyst Sudeep Shah provided an outlook. Nifty faces resistance at 25,050-25,100. Bank Nifty targets 56,200 and 57,000. DIIs supported markets amid FII outflows. Banking and PSU sectors lead.
LOCAL ECONOMISTS kept their growth forecasts for the Philippines unchanged for now, even as a widening corruption scandal weighs on investor sentiment. “We’re keeping an eye on governance issues like corruption because they can affect investor confidence and, ultimately, growth,” Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines said in a […]
THE WORLD BANK maintained its Philippine gross domestic product (GDP) growth forecasts for this year and 2026, amid heightened uncertainty and slowing global growth. In its latest East Asia and Pacific Economic Update released on Tuesday, the multilateral lender kept its growth outlook for the Philippines at 5.3% this year and 5.4% for 2026, unchanged […]