Economic Slowdown

IMF’s Regional Economic Outlook

May 9, 2023

According to the International Monetary Fund’s (IMF) Regional Economic Outlook, economies across the Middle East and Central Asia are likely to slow down this year due to persistently high inflation and rising interest rates. This report states that factors such ..

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IMF World Economic Outlook- Update

January 26, 2022

The International Monetary Fund (IMF) released its World Economic Outlook on January 25, 2022. Key Findings of the report As per report, Global economic growth will decrease by half a percentage point less than it was forecasted earlier. The growth ..

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Migration and Development Brief Report of World Bank: Key Facts

October 31, 2020

On October 30, 2020, the World Bank released the migration and development brief report. According to the report the remittances of India will fall by 9% by the end of 2020. India’s remittances will drop down to 76 billion USD ..

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World Economic Outlook: Key Facts

October 15, 2020

The International Monetary Fund has recently launched the World Economic Outlook 2020. The report has been titled “A Long and Difficult Ascent”. It is launched twice a year. Once in June and then in October. The one recently launched is ..

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Supreme Court: Overtime Wages should not be denied to labourers during COVID-19

October 2, 2020

On October 1, 2020, the Supreme Court quashed the notification of Gujarat Government to exempt factories from paying overtime wages to workers. The apex court said that the burden of economic slowdown shall not be put on workers who are ..

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ADB: Asian Economy to shrink for First Time since 1960s

September 15, 2020

The Asian Development Bank have predicted that the Asian economy will shrink for the first time since the early 1960s amid the COVID-19 Pandemic. The report states that downfall in the level of growth will continue until the next year. ..

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Moody’s revises estimate of India’s Growth

September 12, 2020

Global rating agency Moody’s has revised its forecast of India’s growth. It has estimated a double-digit contraction to be at 11.5% during the current fiscal year. Key Facts It has raised its expectations of economy’s performance in the upcoming fiscal ..

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Indian Economy to Shrink by 9.5% in FY 2020-2021: ICRA

July 16, 2020

The credit rating agency, ICRA, has predicted that the Indian economy will see a major slowdown in the current fiscal and it is expected to contract by around 9.5% in the Financial Year 2020-2021. The agency had earlier predicted a ..

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