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
Lockheed Martin pitches C-130Js as ‘best’ choice for IAF’s tactical airlift requirement, plans production hub in India
Marietta(TIP)- As India prepares to procure up to 80 military transport planes, US aerospace major Lockheed Martin has pitched its C-130J Super Hercules as the best choice and said the aircraft will provide it a […]
Business & Economics
Indian companies to invest USD 20.5 billion in various industries in US: Envoy Sergio
New Delhi (TIP): Indian companies plan to invest over in various sectors including tech, manufacturing and pharmaceuticals, said US Ambassador Sergio Gor. On his official X handle, Gor wrote, “Under President Trump’s leadership investment is […]
Business & Economics
Gold, Bitcoin surge on concerns over global debt pile
New York (TIP)- The Bitcoin price has reached yet another all-time high, surging above US$125,000 (AUD$190,000) over the weekend as investors pile into assets viewed as hedges against currency debasement. Gold is also glittering, flirting […]
Be the first to comment