Global economic recovery News

The former RBI chief said that there are very worrisome scenarios, and we should not take this as lightly.

Last year, 47 countries experienced negative growth on a per capita basis, including many small and fragile economies.

Crunching data from across 29 advanced economies between 2000 and 2016, the IMF study found median unemployment rates fell steadily since 2013 even as labor force participation rates increased.

Complementing the G20 leaders for adopting an action plan to strengthen the global financial safety net during the two- day Summit that ended last night, Lagarde said the world needs to continue to collaborate to address risks and ensure strong, sustained, balanced and inclusive growth.

The IMF on Tuesday slightly trimmed India's growth projections to 7.4 percent for 2016 and 2017, a drop of 0.1 percent from its previous forecast, attributing it to a more sluggish investment recovery while declaring Brexit as a "spanner" in the global economic recovery.

The International Monetary Fund has warned that the world economy is "highly vulnerable" and called for new mechanisms to protect the most vulnerable countries.

Jaitley, in his interventions at the G24 Finance Ministers meet, welcomed the SDGs, which are to be achieved by 2030.

Arab OPEC producers expect global oil prices to rebound to between $70 and $80 a barrel by the end of next year as a global economic recovery revives demand, OPEC delegates said this week in the first indication of where the group expects oil markets to stabilise in the medium term.

President Xi is hosting the 22nd Asia-Pacific Economic Cooperation (APEC) Economic Leaders' meeting at the Yanqi Lake International Convention Center in northern suburb of Beijing.

Lagarde estimated that growth in China this year would be between 7 and 7.5 percent.