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The Indian economys resilience will be tested by its ability to overcome a devastating outbreak of Covid-19, although no ones yet doubting its potential to pull off the worlds fastest pace of growth among major economies this year.
In a recent article, Rajan flagged the potential pain that global financial markets might see when central banks turn off the easy money tap. The world over, government debt is rising exponentially and more worryingly, an increasing amount of the debt maturity profile is skewed through issuance of longer-dated securities.
Global crude oil prices have surged more than 25% this year and that along with commodity prices near record highs poses a risk to inflation in a net oil importing nation.
Philippines remains in recession as GDP shrinks 4.2% in Q1 BusinessWorld 3 days ago © Provided by BusinessWorld The Philippines’ gross domestic product (GDP) fell by an annual 4.2% in the first quarter. — PHILIPPINE STAR/ MICHAEL VARCAS © Provided by BusinessWorld The Philippines’ gross domestic product (GDP) fell by an annual 4.2% in the first quarter. — PHILIPPINE STAR/ MICHAEL VARCAS THE PHILIPPINE economy contracted more than expected in the first quarter, extending the recession to five straight quarters as the pandemic dragged on, data from the Philippine Statistics Au...
BusinessWorld May 7, 2021 | 12:33 am PHILIPPINE STAR/ MICHAEL VARCAS THE PHILIPPINE economy likely remained in a recession in the first quarter, as domestic consumption continued to be sluggish amid the prolonged health crisis. ING Bank N.V. Manila Senior Economist Nicholas Antonio T. Mapa said in a note on Thursday that first-quarter gross domestic product (GDP) may have contracted by 3.5%, much faster than the 0.7% slump recorded in the same period last year. “Domestic consumption remains one of the key sectors of the economy (roughly 70% of total GDP) and we expect this s...