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India, China to account for half of global economic growth in 2023: IMF

The period of slower economic activity will be prolonged, with the next five years witnessing less than 3 per cent growth.

IMF chief warned that a sharp slowdown in the world economy last year.(Getty Images)
Updated on Apr 07, 2023 11:51 AM IST

IMF chief expects less than 3% global economic growth in 2023

Kristalina Georgieva said the period of slower economic activity will be prolonged, with the next five years of growth remaining around 3%.

Kristalina Georgieva, managing director of the International Monetary Fund (IMF).(Bloomberg)
Published on Apr 06, 2023 10:00 PM IST

Economic slow-down in China likely to drag global growth down: World Bank

The Washington-based multilateral lender predicts that China's economy will help keep the global economy from entering a recession due to an annual growth rate of five percent this year.

A logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018.(REUTERS file)
Published on Mar 28, 2023 12:31 AM IST

Despite mass layoffs, tech jobs still offering high wages

There is no doubt that the tech sector is under strain. In the past two weeks Meta Platforms Inc. announced it was cutting another 10,000 jobs and eliminating 5,000 open roles, Amazon.com Inc. laid off an additional 9,000 workers and job-hunting website Indeed slashed 2,200. But this isn’t an industry under siege.

Tech companies in large are resorting to mass layoffs.(Photo by Sigmund on Unsplash)
Published on Mar 25, 2023 07:24 PM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar

The ultra-rich lost 10% of fortune in 2022 due to Ukraine war: Study

Europe's ultra-rich were hit hardest, with a 17 percent drop in fortunes there, followed by Australia at 11 percent and the Americas down 10 percent. Africa and Asia got off more lightly, with falls of five percent and seven percent respectively.

Representative Image(AP)
Published on Mar 02, 2023 12:46 AM IST
AFP | | Posted by Singh Rahul Sunilkumar
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