[ad_1] Deficits as a share of the economy are expected to grow from 5.3 percent this year to 6.9 percent of GDP in a decade, “a level exceeded only five times since 1946,” the independent budget office noted on Wednesday. Debt held by the public is also expected to reachContinue Reading
[ad_1] Chennai: In a shocker, consumer price index (CPI) inflation touched 6.5 per cent in January, the Ministry of Statistics & Programme Implementation said on Monday, after being 5.72 per cent in December and 5.88 per cent in November last year, and economists termed it “worrisome”. “CPI inflation moved toContinue Reading
[ad_1] New Delhi: Retail inflation breached the RBI’s comfort zone and rose to a three-month high of 6.52 percent in January, mainly on account of a spike in food prices, as per government data released on Monday. The inflation rate based on the Consumer Price Index (CPI) stood at 5.72 percentContinue Reading
[ad_1] New Delhi: The Opposition criticised the economic policies of the Union government on Wednesday, saying that unemployment and poverty have risen in the country due to it. Congress MP Gaurav Gogoi, while initiating the debate on the Union Budget in Lok Sabha, said that the Union government had failedContinue Reading
[ad_1] Sri Lankan flag Colombo: Sri Lanka’s inflation decreased to 54.2 percent in January from 57.2 percent in December 2022, the country’s Department of Census and Statistics reported. Inflation of food dropped to 60.1 percent in January from 64.4 percent in December, the department said on Tuesday. Inflation in theContinue Reading
[ad_1] Hyderabad: Telangana has the highest inflation rate in the country, revealed the Economic Survey 2022-23 tabled in the Parliament on Tuesday by Finance Minister Nirmala Sitharaman. According to the report, Telangana has an inflation rate of 8.7 percent between April and December 2022 against the national average of 6.8Continue Reading
[ad_1] Global growth is slowing down less than previously expected, the International Monetary Fund said Tuesday in its updated World Economic Outlook. World output is set to grow by 2.9 percent this year, down from 3.4 percent in 2022, weighed down by tightening monetary policy and the war in Ukraine.Continue Reading
[ad_1] LONDON — Public sector workers on strike, the cost-of-living climbing, and a government on the ropes. “It’s hard to miss the parallels” between the infamous ‘Winter of Discontent’ of 1978-79 and Britain in 2023, says Robert Saunders, historian of modern Britain at Queen Mary, University of London. Admittedly, theContinue Reading
[ad_1] Yet that progress could be in jeopardy: As Federal Reserve officials prepare to meet next week to raise interest rates again, their inflation-fighting crusade — which Fed Chair Jerome Powell has vowed to continue — has sparked fears of a recession, meaning that workers could be forced to giveContinue Reading
[ad_1] PARIS — German Chancellor Olaf Scholz raised optimism on Sunday that the EU and the U.S. can reach a trade truce in the coming months to prevent discrimination against European companies due to American subsidies. Speaking at a press conference with French President Emmanuel Macron following a joint Franco-GermanContinue Reading