World Bank President David Malpass termed the Covid-19 pandemic a 'catastrophic event' for many developing countriesHe told that given the extent of the economic contraction, there was a rising risk of disruptive debt crises in countries
4 min read15 Oct 2020IMF forecasts world gross domestic product to shrink 4.4% this year, compared with the 5.2% drop seen in June, according to the latest World Economic Outlook
3 min read13 Oct 2020The high-growth technology and healthcare sectors continued to lead the retreat, dropping 1.5% and 1.7%, respectively
3 min read25 Dec 2018Asset valuations relatively high in some markets, market participants complacent about the risk of a sharp tightening of financial conditions: IMF
3 min read10 Oct 2018It would be hard to deny that globalization, in the form of both unfettered capital flows and of relatively free trade, has contributed to the changing income distribution in the US and other advanced economies
3 min read14 Sep 2018The global economy appears structured to lurch from crisis to crisis, with bubbles in between
10 min read17 Sep 2018To mark the 10th anniversary of the 2008 financial crisis, we pick 20 books that look at it through the lens of history, economics, politics and society
5 min read7 Sep 2018The Oxford English Dictionary defines 'evil' as 'doing or intending to do harm'. Ultimately, there is no other plausible explanation for what has happened in Venezuela
4 min read13 Aug 2018Measures taken to prevent another financial crisis may just be adding new risks that will become clear in a real downturn
4 min read13 Aug 2018Brinly-Hardy, which makes residential and commercial lawn and turf equipment for Home Depot Inc. and other stores, saw its raw material costs jump by as much as 37% because of Trump's metal tariffs imposed in March
1 min read25 Jul 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared