SEOUL South Korean banks household loan fell last month due to the repayment of borrowing for stock investment, central bank data showed Thursday. Debts, owe
The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development.
ASIA: Indian economy is expected to expand 8.3 percent in fiscal year 2021-22, a report by World Bank projected on Tuesday. In its latest issue of Global
The latest World Bank report says growth in South Asia is expected to rebound to 6.8 per cent this year, 3.6 percentage points higher than previously projected, partly reflecting stronger-than-expected momentum from the end of last year.