Liz Truss’s Historic Gamble With the UK Economy Is Already Unraveling

(Bloomberg) — Liz Truss’s plan for growth, melding the biggest tax giveaway in half a century with Thatcherite deregulation, is a straight-up gamble with Britain’s future, and even before her chancellor of the exchequer had finished delivering it on Friday the bet was starting to sour.   The market’s verdict on the £220 billion policy … Read more

FedEx troubles set off fresh worries over global economy

New York, Sep 17 (IANS) The FedEx Corp (NYSE:).s warning of a sharp drop in package deliveries set off fresh worries among investors about the outlook for the global economy, sparking another down day in stock markets. The delivery giant’s shares lost 21 per cent on Friday, its biggest one-day percentage drop ever, after the … Read more

Global economy in its steepest slowdown since 1970: World Bank

Washington, Sep 17 (IANS) Interest rate hikes by central banks around the world could trigger a global recession in 2023, the World Bank has warned, media reports said. Central banks have raised rates “with a degree of synchronicity not seen over the past five decades” to tackle soaring prices, World Bank said, BBC reported. Raising … Read more

FSDC underlines need to monitor financial sector risks, discusses early warning signals for economy

New Delhi, Sep 15 (IANS) The Financial Stability and Development Council (FSDC) on Thursday noted that there is a need to monitor financial sector risks, fiscal conditions, and market developments on a continuous basis by the government and the regulators, so that appropriate action can be taken to mitigate any vulnerability and strengthen financial stability. … Read more

IMF chief says India ‘a bright spot’ in global economy

New Delhi, Sep 7 (IANS) International Monetary Fund’s (IMF) Managing Director Kristalina Georgieva on Thursday said that despite global uncertainty and headwinds, India continues to be a bright spot in the global economy. She made the statement during her meeting with Finance Minister Nirmala Sitharaman, where India’s upcoming G-20 Presidency was also discussed and the … Read more