Global Economy News - Latest Updates & Headlines
US tariff war with China is of significant strategic imperative, unlikely to wane off soon: Prabhudas Lilladher
New Delhi, April 13: Financial advisory firm Prabhudas Lilladher asserted that US tariff war with China is of significant strategic imperative and is unlikely to wane off soon, even if the US enters into bilateral trade agreements with various countries. According to the financial advisory firm, the current tariff stand-off will impact supply chains, global growth and money flow through first half of 2026 which could shave off 0.5 per cent from global GDP and result in increased volatility in commodities and currencies.
Other countries are rising to the challenge: Rosa Balfour on impact of US trade war
New Delhi, April 13: Speaking about how various global groupings will step up to meet the challenges arising from the US trade tariffs, Carnegie Europe Director Rosa Balfour said that countries and large blocs are coming together to ensure they have a "web of relationships" that can preserve global trade.
Lot of pressure from markets on US govt to change course: says Carnegie Endowment's Evan Feigenbaum
New Delhi, April 12: Evan A. Feigenbaum, Vice President for studies at the Carnegie Endowment for International Peace, believes that the financial markets are pressuring the US administration to change course.
Guterres warns of recession risk from trade war, expresses hope it won't happen
United Nations, April 9: Amid warnings of the risks of a recession from the trade war, UN Secretary-General Antonio Guterres says he “sincerely hopes” there won't be one because of the effects it would have on the poorest.
US tariff hikes destabilise global economy: Kremlin
Moscow, April 7: The Kremlin spokesperson Dmitry Peskov criticised the United States on Monday for its sweeping tariff hikes, accusing it of undermining global economic stability.
China stocks on course for worst single-day crash since 2008 crisis
New Delhi, April 7: Chinese stocks nosedived sharply on Monday after Beijing slapped back at the US with retaliatory tariffs, sparking fears of a persistent trade war between two major economies.
World is in reset mode for 1st time since World War II: Experts on US tariffs
Mumbai, April 7: Even as the Indian stock market witnessed a sharp fall on Monday, market watchers said that investors have to also keep an eye on the retaliatory measures by the European Union (EU) and other countries in response to the US reciprocal tariffs.
They're dying to make deal: Trump stands firm on 'reciprocal tariffs'
Washington, April 7: As global stock markets plunged on Monday, US President Donald Trump defended his controversial tariff policies, dismissing concerns over the economic impact. He said that the world leaders are "dying to make a deal" to negotiate the reciprocal tariffs.
UK PM Starmer, European leaders call US tariffs new era for global economy
London, April 7: Following US President Donald Trump's reciprocal tariff move, UK Prime Minister Keir Starmer engaged in discussions with key international leaders, including European Commission President Ursula von der Leyen, and German Chancellor Olaf Scholz, with all the leaders saying that this marks a "new era for the global economy."
US stock market plunges over 5% as Tariff fears recession; USD 9 trn wiped out since Trump 2.0
New Delhi, April 5: The US stock markets tanked more than 5 per cent on Friday after Donald Trump's reciprocal tariffs sparked fear among investors of a global economic recession.
Gold touching new heights amid US reciprocal tariffs, uncertainty in global trade order
New Delhi, April 4: The uncertainties around Trump's reciprocal tariffs plan and its subsequent announcement this week have come as a jab in the arm for international gold prices, which have been moving northwards for a considerable period.
IMF chief Kristalina Georgieva warns US tariffs pose significant risk to global outlook
Washington DC, April 4: Following US President Donald Trump's announcement of reciprocal tariffs, International Monetary Fund (IMF) Managing Director Kristalina Georgieva expressed concern over the impact on the global economy and said that the tariffs represent a "significant risk to the global outlook."
Trump will address 'decades of unfair trade' with reciprocal tariffs
Washington, April 2: US President Donald Trump will seek to “address decades of unfair trade practices” with the announcement Wednesday of reciprocal tariffs that will be closely watched and studied around the world, including in India, said the White House.
Shift in financial markets from US exceptionalism to un-exceptionalism triggers u-turn in USD: UBI
New Delhi, April 1: Amid the ongoing tariff threat environment, the financial markets have begun shifting their perspective on the US economy, which has impacted the USD.
South Australia Premier Peter Malinauskas praises India as massive centre of global growth
Mumbai, March 29: South Australia Premier Peter Malinauskas praised India as a "massive centre of global growth" with increasing influence on the world economy.
Robust arbitration mechanism key to make India a global manufacturing hub: Piyush Goyal
New Delhi, March 29: Strong arbitration and mediation mechanisms are crucial for India's emergence as a global manufacturing hub, Union Minister of Commerce and Industry, Piyush Goyal, said on Saturday.
Trump moves to protect US auto industry with 25 per cent hefty import tariffs
Washington, DC, March 27: In a significant policy announcement from the Oval Office, President Donald Trump has declared a 25 per cent tariff on all imported vehicles entering the United States, a move he described as "very exciting" for domestic manufacturing.
Need to build reliable, resilient supply chains, says EAM Jaishankar
New Delhi, India March 20: External Affairs Minister S Jaishankar on Thursday said that we need to build reliable and resilient supply chains, as the world is passing through an uncertain and volatile period.
India to drive 6 pc of global trade growth in 5 years, secure 3rd place: Report
Mumbai, March 20: India is projected to drive 6 per cent of global trade growth in the next five years, securing third place worldwide behind the US and China, according to a new report released on Thursday.
Fitch Ratings sharply cuts world growth forecast because of US imposed global trade war
New Delhi March 19: President Donald Trump's reciprocal tariffs have started a global trade war and it will reduce not only the growth of the United States (US) and the world but also push up inflation and delay Federal Reserve rate cuts in US according to a report by Fitch Ratings.
India to remain fastest growing economy in next 2 years at 6.4 to 6.6 pc growth: OECD
New Delhi, March 17: The Organisation for Economic Co-operation and Development (OECD) expects India to remain the fastest-growing major economy over the next two years with the country’s GDP growth rate projected at 6.4 per cent for 2025 and at 6.6 per cent in 2026.
India outperforms global trade average as services drive exports: UNCTAD
New Delhi, March 15: India outperformed global trade averages with services exports driving growth as total world trade hit a record $33 trillion in 2024, expanding 3.7 per cent, according to the latest Global Trade Update by UN Trade and Development (UNCTAD).
S. Korea's overseas direct investment falls for 2nd straight year in 2024
Seoul, March 14: South Korea's overseas direct investment declined for the second consecutive year in 2024 amid ongoing geopolitical uncertainties, but the pace of decline slowed compared with the previous year, the finance ministry said on Friday.
Too early to predict global recession, India may not be impacted much: Economists
New Delhi, March 11: There is growing concern that the global economy may be heading toward a slowdown, with some experts even warning about the possibility of a recession.
We find today increasing convergences with Europe: Jaishankar at University College Dublin
Dublin, March 7: External Affairs Minister S Jaishankar said that India today finds increasing convergences with Europe and highlighted the growth of the Indian economy.
Stock market opens lower as global tariff war deepens, Nifty below 22,000
Mumbai, March 4: The Indian benchmark indices opened lower on Tuesday amid weak global cues, as selling was seen in the auto and IT sectors in the early trade.
India and France can make a difference amid fast-changing global economy: EAM Jaishankar
Paris, Feb 11: External Affairs Minister (EAM) S. Jaishankar on Tuesday said that amid the fast-changing global economy, India and France can make a difference, including by motivating the rest of the European Union (EU).
Global oil prices likely to stay in $75 to $80 per barrel range over next 6 months: CareEdge
New Delhi, Feb 6: Crude oil prices are expected to remain range bound at an average of $75-$80 a barrel over the next 6 months, essentially on the back of higher overall global crude oil production aided by increase in crude oil production by the US while demand growth is expected to remain relatively subdued in the backdrop of a slowdown in major global economies, according to a CareEdge Ratings report released on Thursday.
Global leaders call for action on AI and Regional Reforms at World Economic Forum
Davos, January 24: US President Donald J. Trump outlined his strategy to bolster the US economy and "unleash" investment in a wide-ranging speech via live video link to around 3,000 global leaders at the World Economic Forum Annual Meeting in Davos.
Geo-economic fragmentation could cost global economy $5.7 trillion: WEF report
Davos, Jan 23: A new World Economic Forum report released on Thursday highlights significant economic risks from increasing geo-economic fragmentation as countries are increasingly using the global financial and trading systems to advance geopolitical objectives through sanctions, industrial policies, and other economic measures.
India continues to outpace global peers on economic growth: Centre
New Delhi, Jan 18: As the fastest-growing large economy, with steady growth projected at 6.7 per cent over the next two fiscal years, India continues to outpace global peers and cement its position as a leader in economic resilience and progress, the government said on Saturday.
OPEC predicts robust oil demand growth in 2026
Vienna, Jan 15: The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday forecast the global oil demand to grow by a "robust" 1.43 million barrels per day (bpd) in 2026 to 106.63 million bpd.
Nifty, Sensex decline by around 0.9% in opening trade, experts believe pessimism to ease post Jan 15
Mumbai, January 13: Indian stock markets continued their downward trend on Monday, with bears dominating the opening session.
IMF chief says global economy faces heightened uncertainty on US trade policy
Washington, Jan 11: International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned that global economy in 2025 faces heightened uncertainty due to economic policies, particularly the directions of US trade policy.
Global growth to remain subdued in 2025, warns United Nations
New York, January 10: The United Nations has warned that global growth is expected to remain subdued in 2025 due to ongoing uncertainty, as outlined in its World Economic Situation and Prospects (WESP) 2025 report released on Thursday.
India retains title of world's fastest-growing large economy with growth projected at 6.6 pc: UN
United Nations, Jan 10: "India would again be the fastest growing large economy in the world" with a projected annual growth rate of 6.6 per cent, according to Hamid Rashid, the UN head of Global Economic Monitoring.
UN report pegs India's GDP growth at 6.6 pc for 2025, China seen slowing to 4.8 pc
New Delhi, Jan 9: India's economy is projected to grow by 6.6 per cent in 2025, following an estimated expansion of 6.9 per cent in 2024, largely driven by private consumption and investment, according to the UN World Economic Situation and Prospects (WESP) 2025 report released on Thursday