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Page 4 - உலகம் பொருளாதார ஔட்‌லுக் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

From Vaccine Inequality To Economic Apartheid

Written by Dan Steinbock, Difference GroupThanks to the containment failures of Covid-19 and the resultant new variants, coupled with vaccine inequality, global prospects are overshadowed by economic apartheid - the polarization between the West and poorer countries.

Economic Watch: India s economy continues to tumble amid COVID-19 pandemic

Economic Watch: India s economy continues to tumble amid COVID-19 pandemic Xinhua by Peerzada Arshad Hamid NEW DELHI, Aug. 3 (Xinhua) As the threat of a third wave of COVID-19 looms large over India, an increasing uncertainty has reduced business and consumer confidence in the country. Apprehension of a severe third wave of the COVID-19 pandemic with the emergence of new and more transmissible variants might necessitate the reimposition of lockdowns, which would lead to a further reduction in growth estimates and further dampen demand. INFLATIONARY PRESSURE Retail price inflation in India remained high at 6.23 percent in June, after its May surge of 6.3 percent. This is the second consecutive month when inflation remained above the Reserve Bank of India (RBI) s comfort zone of 2-6 percent.

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