economy

World Bank Projects Global Economic Slowdown for Third Consecutive Year

by Newsdesk-Top NewsEconomyWorld News10 January 202410 January 2024

After 6.2 per cent in 2021 which is attributed to a low base due to the Covid-19 pandemic, the World Bank estimates global growth cooled to 3 per cent in…

UK at Risk of Recession After Economy Shrinks

by Newsdesk-Top NewsEconomyUK News23 December 202323 December 2023

The economy is stuck in a lacklustre state as it struggles with high borrowing costs and the legacy of the worst inflationary upsurge for a generation The UK economy shrank…

UK Inflation Eases to 3.9% in November

by Newsdesk-Top NewsEconomyUK News21 December 202321 December 2023

On a monthly basis, CPI fell by 0.2 per cent in November 2023, compared with a rise of 0.4 per cent in November 2022, said ONS…reports Asian Lite News  The…

Pak’s Wallet Shrinks, Narco-Terror Role Grows

by Newsdesk-Top NewsAsia NewsEconomy27 November 202327 November 2023

Despite grappling with an economic crisis and heavily relying on foreign loans, Pakistan skillfully assembles resources to fund terrorist organizations…writes S.P.S. Pannu While India has stepped up its vigil and…

Hunt to claim economy is ‘back on track’

by Newsdesk-Top NewsUK News22 November 202322 November 2023

The government is also hoping to incentivise work by shaking up the welfare system and increasing the national living wage, which will rise from £10.42 to £11.44…reports Asian Lite News…

India’s Economy Continues to Outperform Global Projections

by NewsdeskChinaEconomyIndia News15 October 202315 October 2023

There is divergence also among emerging markets and developing economies, with China facing growing headwinds, while Brazil, India. and Russia are revised up…reports Sanjeev Sharma The IMF. in its latest…

IMF defends gloomy UK forecast after govt criticism

by Newsdesk-Top NewsEconomyUK News11 October 202311 October 2023

Forecasts are never perfect given the many factors that affect economic growth – from geopolitics to the weather. But such reports can point in the right direction, especially where they…

‘India To Secure Third Place In Global Economy By 2027’

by Newsdesk-Top NewsEconomyIndia News1 October 20231 October 2023

Union Home Minister Amit Shah said the roots of democracy have deepened in the country….reports Asian Lite News Union Home Minister Amit Shah on Friday expressed confidence that India will…

Inflation Eases, but Economic Growth Slows in EU, Eurozone

by Newsdesk-Top NewsEconomyEU News12 September 202312 September 2023

Eurozone inflation in 2023 is projected to reach 5.6 per cent, compared with 5.8 per cent projected in spring; and 2.9 per cent in 2024 instead of 2.8 per cent…

Equities favoured for long-term gains, says Standard Chartered

by NewsdeskBusinessIndia News20 August 202320 August 2023

Ongoing policy reforms, political stability, significant infrastructure investments and technological adoption are likely to aid improvements in per-capita income…reports Asian Lite News Equities are best positioned to benefit from India’s…