
China not the only weak link in global economy, India too facing decline in exports: Moody's
India suffered a year-on-year decline in the value exports in October.
India suffered a year-on-year decline in the value exports in October.
IMF says the "sharp and uncharacteristic” slide in the Chinese economy will drag Asia’s GDP growth down by 0.9 percentage points in 2022 and by 0.8 percentage points in 2023.
IMF expects over a third of the global economy to contract this year or next. It says whree largest economies — the United States, the European Union, and China — will continue to stall.
India's GDP estimates for FY24 also slashed to 7.2% from 8.0%; ADB says inflation will remain elevated in this, next fiscal year
Apple's decision to shift production of its flagship iPhone 14 model to India should open the floodgates for other major conglomerates to follow suit, says SBI.
China’s GDP fell 2.6% on a quarter-on-quarter basis, while it stood at 2.5% for the first half of the year.