The Latest Breaking News on State of the economy — temper the euphoria

India’s exports and imports further weakened in April, 2023, in continuation of the declining trend that has been observed since June, 2022.

The Indian economy is on track to surpass 7 per cent growth rate in Fiscal Year 2023 with manufacturing being the key driver, according to a report released by the State Bank of India. Read further on Dynamite News

During the height of the Covid-19 pandemic, many Indian economists and commentators believed the economy would skyrocket as soon as life returned to normal. But, despite the country's robust recovery in the two years since the pandemic's peak, the predicted boom has not materialised, nor does it seem imminent.

The International Monetary Fund has slashed the growth outlook for cash-strapped Pakistan, forecasting the South Asian country’s fragile economy will grow just 0.5% this year, down from 6% in 2022

International Monetary Fund forecast echoes predictions from Treasury and RBA and warns ‘ominous forces’ may be behind global economic strains

The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical tension. Concerns over high inflation, rising geopolitical tension and financial stability all hang over the updated forecasts, with the impact…

The outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks

Treasurer Jim Chalmers is warning of economic uncertainty with spiking global inflation and interest rates spurred by war in Ukraine ahead of the May budget.

Financial regulators confirm the resilience of Australia's banking system following rigorous oversight during the past fortnight.