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The International Monetary Fund predicts that next year India will take the 5th place in the ranking of countries in terms of GDP, pushing the UK, which this year takes the position, Financial Times writes. According to IMF estimates, the UK will drop to the 7th place. Not only India, but also France will be ahead. In the UK, there is a slowdown in economic growth and a deterioration in the dynamics of exchange rates. At the same time, the fastest GDP growth among the largest economies in the world is observed in India. PwC economist, Mike Jackman, expects India to continue moving up in the list of countries in terms of GDP.
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
On Thursday, the international market had seen a plummet in the value of Asian shares and U.S. stock futures. It is seen to be caused by worries of a falling-out between the United States and China as well as the hit that global economies ...
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