Soft landing
Business Standard|October 23, 2024
The global economy faces several risks
The latest World Economic Outlook (WEO) of the International Monetary Fund (IMF), released on Tuesday, shows global economic prospects remain stable. The IMF has retained its global growth projection of 3.2 per cent for 2024. Compared to its July update, it has reduced the projection for 2025 by 10 basis points to 3.2 per cent. The growth projection for the US has been lifted for both 2024 and 2025, while that of the euro area has been lowered.

The outlook for India remains unchanged compared to the July update. The Fund expects India to grow at 7 per cent and 6.5 per cent, respectively, this year and next. The growth projection for China has been lowered by 20 basis points for 2024. Beyond the standard projection, the WEO talks about policy pivots and threats that are worth discussing here.

This story is from the October 23, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the October 23, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
CESS AND SENSIBILITY
Business Standard

CESS AND SENSIBILITY

Southern states say cess and surcharge eat into their share of resources, urge 16th Finance Commission to consider contribution to national economy

time-read
4 mins  |
November 27, 2024
Business Standard

India's transport future balances fossil fuels and clean tech

Fossil fuels will continue to play an important role in India's transportation sector, even as alternative fuel technologies see multifold growth.

time-read
1 min  |
November 27, 2024
Over 6K pollution plaints in Delhi since Oct 2021; 38% still unresolved: CPCB
Business Standard

Over 6K pollution plaints in Delhi since Oct 2021; 38% still unresolved: CPCB

Delhi registered 6,170 complaints related to air pollution between October 15, 2021 and November 19, 2024, with 2,333 (38 per cent) of these remaining unresolved, according to data from the Central Pollution Control Board (CPCB).

time-read
1 min  |
November 27, 2024
Indians see wallets drain by ₹485 crore in 'UPI scams' in FY25
Business Standard

Indians see wallets drain by ₹485 crore in 'UPI scams' in FY25

Over 600,000 incidents of fraud have been reported in the ongoing financial year till September

time-read
1 min  |
November 27, 2024
Future of television is smart and networked
Business Standard

Future of television is smart and networked

The smart TV market has been stagnant. Is Dor the disruption it needs?

time-read
3 mins  |
November 27, 2024
Business Standard

Centre spent ₹3,623 crore on crop residue mgmt since 2018: Environment minister

Since 2018, the Centre has spent ₹3,623.45 crore on crop residue management in Delhi, Punjab, Haryana, and Uttar Pradesh, with ₹1,681.45 crore allocated to Punjab, the highest among the states, Union Minister of State for Environment, Forest and Climate Change Kirti Vardhan Singh said in the Lok Sabha.

time-read
1 min  |
November 27, 2024
Business Standard

Silver prices as volatile as stocks: Should you pick gold or silver?

A Motilal Oswal Private Wealth (MOPW) report released on November 25 shows that between 1990 and October 2024, silver's price has been just as volatile as Indian stocks.

time-read
1 min  |
November 27, 2024
Tech stocks gain as recovery takes hold
Business Standard

Tech stocks gain as recovery takes hold

Nifty IT index hits all-time high as IT outlook turns positive

time-read
2 mins  |
November 27, 2024
Adani group stocks settle in red
Business Standard

Adani group stocks settle in red

UNDER PRESSURE

time-read
1 min  |
November 27, 2024
Enviro Infra booked 89.9 times on last day
Business Standard

Enviro Infra booked 89.9 times on last day

The initial public offering (IPO) of sewage treatment solutions provider Enviro Infra Engineers was subscribed 89.90 times on the closing day of bidding on Tuesday.

time-read
1 min  |
November 27, 2024