Global economy

Global economy is forecast to slowdown in the coming months, with a 2023 growth forecast at 2.7 per cent and a decreased 2024 forecast at 2.9 per cent. The US is expected to fall into recession in late 2023, while Europe's growth remains sluggish. On the bright side, India’s economy is robust with strong demand, and the ASEAN region maintains healthy growth.

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The World Bank warned the global economy is moving toward its worst half-decade of growth in 30 years while also predicting growth in 2025.

The Reserve Bank of India (RBI) issued new guidelies for overseas investments on August 22, 2022. The new overseas investment rules are applicable to Indian citizens planning to invest in foreign country via equity shares, house property, start-up etc. Here is how new investment guidelines will make it easier for resident Indians to make investments abroad.

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The World Economic Forum's annual meeting in Davos, Switzerland, has coincided with a global stock market downturn, sparking concerns about the state of the global economy. The Dow Jones Industrial Average plummeted by more than 400 points on the first day of the forum, while other major indexes also saw significant losses. Experts have cited various factors contributing to the decline, including fears of a global recession, trade tensions, and geopolitical risks. The International Monetary…

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