Diabytes
Global economic slowdown News
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In its report released in Santiago in July, the IMF lowered its 2019 global growth forecast from 3.3 per cent to 3.2 per cent, citing international tensions and the US-China trade war in particular.
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The International Monetary Fund`s member countries on Saturday pledged to revive flagging global trade, boost government spending and remove barriers to business to fight weak growth that has left too many people behind.
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RBI chief blames ‘overall economic downturn’ for bad loan issue as PAC asks to explain ‘real causes’
Asked to explain the “real causes” of ballooning bad loans at public sector banks, RBI Governor Raghuram Rajan has put the blame on “overall economic downturn”, among other reasons, in his submission to the key Parliamentary Panel.
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With India projected to grow at 7.8 percent in 2017-18, a UN expert said cautious macro economic policy, reduced inflation and some structural reforms have helped the country perform relatively well in an environment of global economic slowdown.
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Stock indexes worldwide tumbled on Monday, led by banking stocks in Europe and technology stocks on Wall Street on persisting fears of a global economic slowdown, while benchmark 10-year Treasury yields hit their lowest in a year on demand for assets deemed less risky.
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