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IMF sees slow, steady 2024 global growth

The global economy is set for another year of slow but steady growth, the International Monetary Fund (IMF) said on Tuesday, with U.S....

Aleem Khan calls for increase in exports to help stabilise economy

KARACHI: Federal Minister for Privatisation, Board of Investment and Communications Abdul Aleem Khan on Monday said that increase in exports was imperative for enhancing...

Indian economy under Modi

Modi and his BJP regime are in the saddle since the last decade, and they pin down their success in office on the economic...

UK economy went into recession last year

UK economy entered a shallow recession last year, official figures confirmed on Thursday, leaving Prime Minister Rishi Sunak with a challenge to reassure voters...

PM constitutes various committees to revamp country’s economy

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday constituted various Cabinet Committees aimed at revamping the country's fragile economy. According to the cabinet division, the committees...

UK economy returns to modest growth at start of 2024

UK economy returned to growth in January after entering a shallow recession in the second half of 2023, offering some relief to Prime...

China says economy, unemployment great concerns ahead annual moot

BEIJING: China's leadership has "amble confidence" that the country's economy will rebound, a spokesperson for its parliament said Monday ahead of a key political...

India’s economy grows at its fastest pace in six quarters

India's economy grew at its fastest pace in one-and-half years in the final three months of 2023, led by strong manufacturing and construction...

German economy in stormy waters

The German government expects the economy to grow 0.2% this year, far less than a previously forecast 1.3%, as weak global demand, geopolitical uncertainty...

UK economy falls into recession

UK's economy fell into a recession in the second half of 2023, a tough backdrop for Prime Minister Rishi Sunak who has promised to...

IMF raises 2024 economic growth outlook

The International Monetary Fund (IMF) on Tuesday edged its forecast for global economic growth higher, upgrading the outlook for both the United States and...

Germany: Recession on cards for Q1

Germany's economy shrank in the final three months of 2023, the statistics office said on Tuesday, with economists increasingly warning of another technical recession...

China sees one of its worst years of growth since 1990 as recovery stalls

China's economy last year grew at one of its slowest rates in more than three decades, official figures showed Wednesday, as it was battered...

‘Precarious year ahead for world economy’

The global economy faces a year of subdued growth prospects and uncertainty stemming from geopolitical strife, tight financing conditions and the disruptive impact of...

UK recession might be under way

LONDON: UK's economy might be in a recession, according to data that showed it shrank between July and September, shortly after finance minister Jeremy...

Britons are avoiding trips to hairdressers and coffee shops

LONDON: Cash-strapped Britons are avoiding expensive trips to the hairdresser and coffee shops to save money, which has boosted demand for hair care technology...

UK economy hits reverse in October: data

UK economy shrank by more than expected in October in a broad-based decline, official data showed Wednesday, hitting reverse as high interest rates took...

India to be world’s third-largest economy by 2030

BENGALURU: India will remain the fastest-growing major economy for at least the next three years, setting it on course to become the world's third-largest...

Global banks face negative outlook

LONDON: Sluggish global growth, a higher risk of borrowers defaulting on loans and pressure on profitability mean that banks face a negative outlook in...

Global economy to slow down but likely avoid recession

Some major banks expect global economic growth to ease further in 2024, squeezed by elevated interest rates, higher energy prices and a slowdown in...
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