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The US may see another rate cut this year, even as uncertainty looms over the economy due to the ongoing US government shutdown.The Federal Reserve’s second-to-last rate meeting of 2025 takes place amid a standoff between Republicans and Democrats over healthcare subsidies, which has halted the publication of nearly all official economic data. Without these…
NEW DELHI: India’s economic dashboard is getting a long-overdue makeover in early 2026. From GDP and retail inflation to industrial output, several major measures of economic activity will be updated to reflect how people live, earn and spend today. A new index to track the booming services sector — from logistics to digital platforms —…
Sanae Takaichi has made history by becoming Japan’s first female Prime Minister, following her election as leader of the ruling Liberal Democratic Party (LDP) and approval by parliament. Known for her socially conservative views, nationalist stance, and admiration for former British Prime Minister Margaret Thatcher, Takaichi inherits a complex political landscape. She must address economic…
India is rapidly establishing itself as a global leader in services exports, with a compound annual growth rate (CAGR) of 14.8 per cent over the past three decades, outpacing goods exports, which grew at 9.8 per cent, said National Stock Exchange (NSE) officials. According to news agency PTI, NSE chief economist Tirthankar Patnaik said, “India…
Global economy (AI image) The global economy is going through a period of enhanced turmoil with the trade war unleashed by US President Donald Trump. Amidst this uncertainty, International Monetary Fund (IMF) MD Kristalina Georgieva has said that world leaders and central bank governors need to ‘buckle up’.Deepak Ajwani, Editor, Economic Times Online asked IMF…
India and Brazil on Thursday agreed to broaden the scope of the existing preferential trade agreement (PTA) between New Delhi and the Mercosur bloc, aiming to strengthen economic ties and boost bilateral trade. Mercosur, a South American trading bloc, comprises Brazil, Argentina, Uruguay, and Paraguay.The discussions took place during a meeting between visiting Brazilian Vice…
Public sector banks have demonstrated stronger performance and resilience recently, with credit growth surpassing that of private banks, Financial Services Secretary M Nagaraju said on Tuesday. He attributed the trend to improved due diligence, enhanced credit underwriting standards, and better monitoring of project loans.Speaking at the inauguration of Punjab & Sind Bank’s MSME Sports Cluster…
Joel Mokyr, Philippe Aghion and Peter Howitt announced as winners The Royal Swedish Academy of Sciences on Monday awarded the 2025 Nobel Memorial Prize in Economic Sciences to Joel Mokyr, Philippe Aghion, and Peter Howitt “for having explained innovation-driven economic growth.” According to the Academy, one half of the prize goes to Joel Mokyr “for…
NEW DELHI: Foreign secretary Vikram Misri said PM Modi, during his meet with UK counterpart Keir Starmer, underlined the need to move against Indian economic fugitives within the legal frameworks that are available to both sides.Modi, who announced an agreement for cooperation in military training under which IAF flying instructors will serve as trainers with…
IMF, Managing Director Kristalina Georgieva (Photo-AP) The global economy is proving more resilient than expected despite major shocks such as President Donald Trump’s sweeping tariffs, but International Monetary Fund Managing Director Kristalina Georgieva has warned that this strength may not last.“Buckle up,” Georgieva said during a speech at the Milken Institute on Wednesday, AP reported….
