The International Monetary Fund is upgrading its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan. But it says worldwide progress against accelerating prices has been slowed by stickier-than-expected inflation for services, from airline travel to restaurant meals. Overall, the IMF said that it still expects the world economy to grow a lackluster 3.2 per cent this year, unchanged from its previous forecast in April and down a tick from 3.3 per cent growth in 2023. From 2000 through 2019, before the pandemic upended economic activity, global growth had averaged 3.8 per cent a year.
Business & Economics
Adani Enterprises Q4 net profit falls 37% to Rs 450 crore
New Delhi (TIP)-A dani Enterprises Ltd, the flagship incubator of billionaire Gautam Adani’s conglomerate, on Thursday, May 2, reported a 37 per cent drop in March quarter net profit, bogged down by one-time past airport […]
Business & Economics
Toyota races ahead with record sales, despite Trump’s tariff turmoil
Toyota Motor Corp. saw record global sales during the first half of 2025 as strong demand for hybrid vehicles in core markets helped offset headwinds from President Donald Trump’s tariffs on cars imported to the […]
Business & Economics
Hyundai Motor pips Volkswagen to become world’s 2nd-largest automaker
Seol (TIP)- Hyundai Motor Group has outperformed Volkswagen Group to become the world’s second-largest automaker in terms of operating profit, industry data showed on Thursday, Nov 7. According to automotive industry data, Hyundai Motor Group […]
Be the first to comment