We are well aware of how high maintenance El Niño events are, with the two costliest cycles in the last 60 years putting the world economy back by about $4-5 trillion, each. Furthermore, about 56% of all countries had to endure slowed economic development even five years after the event had passed.
El Nino is on the horizon, which can lead to severe heat waves and droughts in many countries, including India, and could take a $3 trillion toll on the global economy, new research published in the journal Science has warned.
There is a risk of geopolitical fragmentation, as geopolitics turn into geo-economics with negative impacts, warns International Monetary Fund (IMF) Managing Director Kristalina Georgieva.
Former RBI governor Raghuram Rajan, who is now Chicago Booth School professor, said there is policy uncertainty for the world economy presently as a ...
In the world economy, the importance of the service sector cannot be overstated. The share of services in the world economy stands at 66% in 2013. The sector also accounted for 45.1% of the jobs in the world economy in 2013 according to estimates by the International Labour Organization (ILO).
There have been sufficient empirical researches that underscore a strong link between a nation’s fiscal scenario and its employment market. This can ...
Have a look at the logos and other details of different banks round the globe that serve the same purpose to their native countries that RBI does to India.