Economy to suffer lasting damage due to Covid, post strong rebound: Fitch

Medium-term growth to slow around 6.5 per cent a year over FY23 to FY26 Topics Indian Economy | Fitch Ratings | India GDP growth Nikunj Ohri  |  New Delhi  Last Updated at January 14, 2021 17:08 IST The Indian economy will suffer “lasting damage” from the Covid-19 crisis, after a strong rebound in FY22, with its growth slowing to…Continue Reading

Global economy can shake off pandemic in 2021, leaders say

(Reuters) – Vaccines and fresh economic stimulus promised by U.S. President-elect Joe Biden will give the global economy a chance to put the coronavirus pandemic behind it in 2021, policymakers and industry leaders told the Reuters Next conference.FILE PHOTO: A vial, syringe and small toy figures are seen in front of a displayed U.S. flag…Continue Reading

Swiss economy could grow by 4% in 2021 and 2022, government economist tells paper

No results matched your search Economic Indicators17 hours ago (Jan 10, 2021 05:05AM ET) © Reuters. ZURICH (Reuters) – The Swiss economy could grow at more than double its usual rate in 2021 and 2022, with GDP increasing by around 4% in both years as output recovers from the coronavirus epidemic, the government’s chief economist…Continue Reading

Israel economy to lose $1 billion a week from tighter lockdown

No results matched your search Economic Indicators6 hours ago (Jan 06, 2021 07:25AM ET) © Reuters. JERUSALEM (Reuters) – A tightening of Israel’s third nationwide coronavirus lockdown is expected to cost the country’s economy as much as 3.5 billion shekels ($1.1 billion) a week, the central bank estimated on Wednesday. New restrictions that will tighten…Continue Reading

Greek economy to contract 11% percent in 2020-CenBank

By Reuters Staff1 Min ReadFILE PHOTO: People make their way outside the headquarters of the Bank of Greece in Athens, Greece, September 3, 2020. REUTERS/Alkis KonstantinidisATHENS (Reuters) – Greece’s economy will contract by 11 % in the worse case scenario in 2020, the country’s Central Bank said on Monday, revising upwards the impact of the…Continue Reading

What could happen to the economy if Biden canceled the majority of student loan debt?

© 2020 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell My Personal Information | Ad Choices  FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries.…Continue Reading

Indian economy probably picked up in September quarter as hopes grow for vaccine

NEW DELHI (Reuters) – India’s economy is likely to have shown signs of a pick-up in the quarter to September after a record contraction the previous quarter, and is expected to recover early next year on hopes of better consumer demand fed by progress on coronavirus vaccines.Workers stitch garments at a factory of an apparel…Continue Reading

Economy vs science: GMO food tech causes clashes among Indian food sector

India has traditionally been a ‘no-GMO’ country, a status recently reinforced when the Food Safety and Standards Authority of India (FSSAI) announced a long list of 24 foods that would need to be accompanied with mandatory ‘No-GM’ or ‘GM-Free’ certificates starting from January 2021.This comprehensive list includes many common items, including the top four global…Continue Reading