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Economic Slowdown

India China

India-China Trade Shows First Signs Of Slowdown In Years

China’s exports to India in the first half of this year totalled USD 56.53 billion compared to USD 57.51 billion last year registering a decline of 0.9 per cent, according to the data released by Chinese customs on Thursday

14 July 2023

US Economy

US Economic Growth For Last Quarter Is Revised Up To A Still-Tepid 1.3 Per Cent Annual Rate

The Commerce Department's revised measure on Thursday of growth in the nation's gross domestic product - the economy's total output of goods and services - marked a deceleration from the second half of 2022

25 May 2023

State Bank of Pakistan

Pakistan Govt Predicts Increased Inflation, Economic Slowdown: Report

In its monthly outlook report issued on Friday, the Finance Ministry also said that political instability has started feeding the strong inflationary expectations, The Express Tribune newspaper reported.

01 April 2023

Shopping during wedding season

Indian Wedding Clothing Manufacturers Report Poor Sales Due To Economic Slowdown: Report

CMAI surveyed around 110 wedding clothing manufacturers to access the business trends in the recent wedding season

28 June 2023

Vodafone

Vodafone To Cut 11,000 Jobs In Next Three Years, CEO Calls Group's Performance 'Not Good Enough'

Vodafone Group CEO Margherita Della Valle said the organisation “must change” to improve

16 May 2023

Honda To Shut Its Manufacturing Unit In Pakistan Amid Economic Crisis

Honda has joined the likes of Pak Suzuki Motor Company (PSMC) and Indus Motor Company in closing down plants in Pakistan

09 March 2023

Jobs

Hiring Slows Down By 7% In May As Companies Become Cautious, Cut Expenses: Report

The report noted that this decline can be attributed to several factors like economic slowdown, which has forced companies to cut expenses

08 June 2023

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Pakistan Economic Woes

Pakistan Government Halts Clearance Of Bills, Salaries Amidst Economic Crisis: Report

The country's weekly inflation remained stubbornly elevated at 2.78 per cent week-on-week and 41.54 per cent year-on-year during the seven-day period that ended on February 23

25 February 2023

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18 February 2023
Cash-Strapped Pakistan’s Weekly Inflation Rise To 38.4%

Cash-Strapped Pakistan’s Weekly Inflation Rise To 38.4%

The Sensitive Price Index (SPI), used to measure short-term inflation, rose to 38.42 per cent on a year-on-year (YoY) basis in the outgoing week


11 January 2023
Report Says Israeli Tech Investments Nearly Halved In 2022

Report Says Israeli Tech Investments Nearly Halved In 2022

It cited the global economic downturn and said the trend was not unique to Israel


15 December 2022
Pakistan’s Large-Scale Manufacturing Declined By 7.75 Per Cent In October

Pakistan’s Large-Scale Manufacturing Declined By 7.75 Per Cent In October

The large-scale manufacturing (LSM) had swung to growth in September, posting an annual increase of 0.1 per cent compared to August, which was an improvement...


12 December 2022
Strong Domestic Demand Will Drive India’s Growth Amid Global Slowdown

Strong Domestic Demand Will Drive India’s Growth Amid Global Slowdown

Though India’s GDP outlook is better than that of its peers, there is no escaping the fallout of the global slowdown


21 November 2022
Goldman Sachs Slashes India’s GDP Forecast For 2023 To 5.9%: Report

Goldman Sachs Slashes India’s GDP Forecast For 2023 To 5.9%: Report

India’s Gross domestic product may expand by 5.9% in calendar year 2023 from an estimated 6.9% this year


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14 November 2022
Centre Mulls Launching PLI Scheme For Container Manufacturing: Report

Centre Mulls Launching PLI Scheme For Container Manufacturing: Report

India currently imports a substantial portion of its containers from China since it lacks a stable market for container production.


09 November 2022
Facebook Parent Meta Laying Off 11,000 Employees

Facebook Parent Meta Laying Off 11,000 Employees

Meta, like other social media companies, enjoyed a financial boost during the pandemic lockdown era because more people stayed home and scrolled on their...


03 November 2022
In A Two-Decade First, Currency In Circulation Declines In Diwali Week

In A Two-Decade First, Currency In Circulation Declines In Diwali Week

This was made possible courtesy of a greater reliance on digital payments by people, the report by economists at SBI said, adding that the Indian economy is...


28 July 2022
Modi's Bharat Is In Economic Distress, Can He Fix It Before 2024 Elections?

Modi's Bharat Is In Economic Distress, Can He Fix It Before 2024 Elections?

Demand in rural India is buried under issues like inflation, unemployment and low wages that need immediate attention


21 July 2022
Indian Economy To Grow 7-8% In Next Couple Of Decades: Panagariya

Indian Economy To Grow 7-8% In Next Couple Of Decades: Panagariya

Speaking at an event organised by Columbia Global Centre, he noted that the country's economy grew 7.4 per cent  between 2014-15 to 2019-20


06 July 2022
Why Global Recession Can Be Good News For Modi Government

Why Global Recession Can Be Good News For Modi Government

From crude, metal to edible oil, prices of most commodities are dipping—a good news for India which is a net importer of commodities


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03 July 2022
PM Modi Must Leave Behind Statesman Modi To Achieve 8% Growth For India

PM Modi Must Leave Behind Statesman Modi To Achieve 8% Growth For India

As power demand goes up, India is faced with a tough choice between pursuing vigorous economic growth and meeting climate change targets


30 June 2022
Economy On Recovery Path; Inflationary Pressure, Geopolitical Risks Warrant Careful Handling Of Situation: RBI

Economy On Recovery Path; Inflationary Pressure, Geopolitical Risks Warrant Careful Handling Of Situation: RBI

The RBI's 25th Financial Stability Report (FSR) also said banks as well as non-banking financial institutions have sufficient capital buffers to withstand...


26 June 2022
Trustworthiness, Decisive Leadership Has Led To India's Growth: Piyush Goyal

Trustworthiness, Decisive Leadership Has Led To India's Growth: Piyush Goyal

Goyal said the importance of launching the ONDC network (Open Network for Digital Commerce) has the potential to break barriers by enabling and empowering...


22 June 2022
Expecting 7.5% Economic Growth Rate This Year: PM Modi

Expecting 7.5% Economic Growth Rate This Year: PM Modi

In a virtual address at the BRICS Business Forum, Modi also said the value of the Indian digital economy will reach USD 1 trillion by 2025


14 June 2022
India Would Become $5-trillion Economy By 2026-27: CEA

India Would Become $5-trillion Economy By 2026-27: CEA

Nageswaran said India is relatively better placed than other emerging economies


26 May 2022
US Economy Shrank By 1.5% In Q1 But Consumers Kept Spending

US Economy Shrank By 1.5% In Q1 But Consumers Kept Spending

Last quarter's drop in the US gross domestic product — the broadest gauge of economic output — does not likely signal the start of a recession


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