
US GDP contracts for 2nd straight quarter; is recession inevitable?
The U.S. GDP contracted at a 0.9% annual pace in the second quarter of 2022, following a 1.6% annual drop in the March quarter
The U.S. GDP contracted at a 0.9% annual pace in the second quarter of 2022, following a 1.6% annual drop in the March quarter
Centre and RBI are doubling down on states for their alleged fiscal mismanagement while it is the Centre which is fiscally more profligate and needs to put its house in order
India's net exports will shrink due to subdued global demand and a rising real effective exchange rate; manufacturing firms will bear the brunt of higher input costs, says ADB report
Ministry says economic activity is holding up "better than expected" and a sustained growth momentum seen across high-frequency indicators
The increase in hiring intent is imminent, and the next few quarters are expected to see the intent to hire cross the 70% mark, says TeamLease report
Sequential decline in current account deficit in Q4 FY22 was mainly due to moderation in the trade deficit and lower net outgo of primary income.
India’s GDP growth is expected to slowdown, but remain higher than other emerging market economies and highest among major countries, the ministry says.
The rating agency expects the current account deficit to have moderated to $17.3 billion (1.96% of GDP) in the fourth quarter of FY22.
This is the second time that the World Bank has revised down its GDP growth forecast for India in the ongoing financial year.
This brings India's GDP growth for the March quarter to an one-year low despite managing to outdo expectations by most analysts.