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Tags : economy


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IMF slightly downgrades US economic forecast for 2024

The IMF said Thursday it expects the US economy to grow a bit more slowly than previously forecast, while praising the way it has remained ‘robust, dynamic, and adaptable to changing global conditions.’...

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Pakistan’s quest for political transformation

AS THE economy begins to matter more and more, Pakistan — the sixth-largest country in the world in terms of population — is in dire condition. With a debt-to-GDP ratio of 84.8 per cent — $278 billion in 2019 — Pakistan is trapped in a vicious cycle where there is limited possibility of the economy improving if policies continue...

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China waits for economic plan as gloom reigns

Rows and rows of partially inhabited high-rises sprawl into the suburbs of the northern Chinese metropolis of Tianjin, their empty balconies emblematic of a slowing economy that has not kept pace with the country’s ambitions...

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Bank sector needs overhaul to rescue economy

Economist Ahsan H Mansur on Wednesday said that the country’s economy would collapse if a strategy for restructuring the ailing banking sector was not taken straightaway...

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Inflation unlikely to ease soon: Kholiquzzaman

Economist Qazi Kholiquzzaman Ahmad highlighted on Monday that Bangladesh’s economy was trapped in a ‘vicious circle,’ rendering inflation control policies ineffective, unlike the successes seen in Sri Lanka, India and Pakistan...

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Perils and promise of emerging multipolar world

THE World Bank’s release on May 30 of its latest estimates of national output, up to the year 2022, offers an occasion to reflect on the new geopolitics. The new data underscore the shift from a US-led world economy to a multipolar world economy, a reality that US strategists have so far failed to recognise, accept or admit...

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Most parties reject budget

Most of the political parties in the country rejected the proposed national budget for the financial year 2024–25 on Thursday, saying that it was not pro-people and would rather encourage corruption...

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Global stocks retreat, Mumbai tumbles 7pc

Stock markets fell Tuesday as investors worried that headwinds are gathering for the US economy, outweighing hopes that recent weak data would prompt the Federal Reserve to start cutting interest rates...

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Govt must attend to a few issues to save economy

THE picture of the economy that the Centre for Policy Dialogue portrays in its report is alarming. While high and unchecked inflation, especially food inflation, has pushed millions of low- and fixed-income people into a difficult position, macro-economic mismanagement has put the economy in a tight spot...

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Reset looms of unfit global monetary system

SINCE 2008, our world has been in a permanent crisis. There is, however, no consensus about the reasons for the constant presence of an economic crisis. Some think that during the past decade or so there have been several crises; others say that these are only different stages of the same crisis...

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BNP expresses concern over country’s economy

Accusing the government of creating a serious crisis through a lopsided election on January 7, BNP secretary general Mirza Fakhrul Islam Alamgir on Tuesday voiced concern that the country’s economic situation is now very ‘alarming’...

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UK economy exits recession

Britain has emerged from a short-lived recession with better-than-expected growth in the first quarter, official data showed Friday, boosting embattled prime minister Rishi Sunak before this year’s general election...

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Philippine economy grows 5.7pc in Q1

The Philippine economy grew slightly less than expected in the first three months of the year, data showed Thursday, owing to persistent inflation and a widespread drought...

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EU ready to protect economy, bloc chief tells China

European Commission president Ursula von der Leyen said on Monday that the EU would not shrink back from taking tough measures to protect its economy and security, amid tense trade relations with China...

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ICT is going to be main saviour of economy: Salman

Noting that the ICT sector is going to be the main saviour of the country’s economy in the future, prime minister’s private industry and investment adviser Salman Fazlur Rahman on Sunday advocated for continuing the various tax facilities policy apart from support that the sector is currently enjoying for further flourish of this sector...

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UK worst-performing economy in G7 next year: OECD

The UK will be the worst-performing economy among the G7 next year because of lingering inflation and stubbornly high interest rates, said the Organisation for Economic Cooperation and Development on Thursday...

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China’s factory activity grows for second straight month

China’s factory activity grew for a second successive month in April, data showed Tuesday, providing some good news for officials battling to kickstart the vast economy in the face of weak domestic demand and a battered property sector...

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German economy grows in Q1, dodges recession

The German economy expanded marginally between January and March, official figures published Tuesday showed, dodging a recession after a weak end to 2023...

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Accelerated climate actions for V20 countries

A RECENT study has warned that rapid and forceful climate change is affecting the economy, GDP growth, livelihoods of common people and human health, with growing gender inequity in developing countries, particularly among the...

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Ocean economy: advancing blue growth

BANGLADESH has rich marine biodiversity, which can contribute to a sustainable blue economy. An appropriate blue economy should ensure harmonious use of ocean resources, including human well-being, economic prosperity...

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US economic growth slows to 1.6pc in Q1

The US economy grew less than anticipated in the first three months of 2024, according to government data released Thursday, as consumer spending and exports decelerated...

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German business morale improves again in April

German business sentiment rose for a third consecutive month in April, a key survey showed Wednesday, as hopes grow that a recovery is getting under way in Europe’s stuttering top economy...

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Caught in a quagmire

EVEN in the post-Covid period, the Bangladeshi economy was going to take a turn-around, with macroeconomic indicators posting positive signals. However, the Russia-Ukraine war began to cast a gloom by disrupting...