The Russian invasion of Ukraine has forced the World Bank to lower its prediction for global growth for 2022 by nearly a half a percentage point, to 3.2 per cent from 4.1 per cent, according to World Bank President David Malpass.   On a conference call with...

The third consecutive monthly increase in U.S. factory activity was fueled by a dramatic comeback in automobile output in March, possibly hinting that the worst of the production troubles that have plagued the auto industry over the last year are passed.   The Federal Reserve reported on...

The worsening bottlenecks in global supply chains and increasing rates of inflation resulting from the Russian war in Ukraine prompted the World Bank to slash cut its economic growth prediction for India as well as the whole South Asian region.   With respect to India, the international...

In light of the coronavirus pandemic and the situation in Ukraine, Kristalina Georgieva, the president of the International Monetary Fund, said there was a "risk" of greater fragmentation of the global economy into geopolitical blocs. "Our ability to resolve the twin crises of pandemic and war is...

According to a Reuters poll, China's economic growth would likely fall to 5.0 percent in 2022 due to further COVID-19 outbreaks and faltering global recovery, putting more pressure on the central bank to loosen policies further.   The projected growth rate for 2022 is lower than the 5.2 per...

According to a report released on Wednesday, prices for wind and solar power in major worldwide markets have risen roughly 30 per cent in a year as producers deal with unpredictable supply chains and rising expenses for everything from shipping to parts to labour.   According to a quarterly...

Imports unexpectedly decreased in March as Covid-19 restrictions delayed freight arrivals and dampened domestic demand, while export growth slowed, leading analysts to forecast a worsening in trade in the second quarter.   The weaker trade data are expected to fuel expectations for greater...

Despite lower oil production projections for Russia, the US Ministry of Energy predicts a 0.5 million barrel per day increase in global oil reserves starting in the second quarter of 2022. The statement is supported by data from the Ministry of Energy (EIA)'s monthly short-term forecast....

The World Trade Organization (WTO) downgraded its forecast for global GDP growth in 2022 from 4.1 percent to 2.8 percent as a result of the conflict in Ukraine, according to the WTO’s report. "Global GDP will rise by 2.8 percent on market exchange rates in 2022, down 1.3 percentage points from the...