world economy

Credit rating agency Acuite Ratings & Research said it expects India's current account deficit to narrow to $53 billion in FY24. In a report, Acuite Ratings said India's current account deficit for FY24 is expected…

The UN said on Tuesday that "with many positives", India's economic growth this year is expected to hold at 5.8 per cent, affirming a series of international organisations' projections that the country will be the fastest-growing…

The World Travel & Tourism Council says the global travel and tourism sector won't fully recover this year — but it will get close.The sector is forecast to reach $9.5 trillion in 2023, just 5% shy of the sector's gross domestic product…

Russia's President Vladimir Putin, India Prime Minister Narendra Modi, and China's President Xi Jinping prepare to leave at the concluding session of the BRICS summit at Taj Exotica hotel in Goa on October 16, 2016. (PRAKASH SINGH/AFP via…

Indermit Gill | Photo: World Bank website World Bank Chief Economist Indermit Gill on Monday said if the large economies of China and India were to become high-income economies, it will bring a huge disruption in the world. This is…

The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview Economics, and investors may need to prepare for some pain in the stock market.Speaking to CNBC's "Squawk Box…

Xiamen: Chinese President Xi Jinping, left, and Indian Prime Minister Narendra Modi attend the group photo session at 2017 BRICS Summit in Xiamen, Fujian province in China, Monday, Sept. 4, 2017. AP/PTI Countries in the BRICS — Brazil,…

Experts have revealed one glaring sign that a global recession is fast approaching, with a “big question mark” now hanging over us all. The demand for diesel fuel has long been considered a significant clue regarding the health of the…

Yet another expert has issued a grim recession warning, predicting a downturn was “pretty likely” with far more financial turmoil ahead.Speaking with the Financial Times this week, former US Treasury Secretary Henry “Hank” Paulson joined…

The world is hurtling towards a recession, with the risks skyrocketing for richer nations – including Australia. That’s according to the International Monetary Fund (IMF), which issued to the dire warning in its World Economic Outlook…