There are a lot of conflicting views about the outlook for the global economy this year, and a lot of conflicting developments to complicate that outlook. It does appear that the outcomes are likely to be better than once feared. Only a few months ago it appeared the world was […]

Malaysia’s central bank maintained its benchmark rate in a surprise move at this year’s first policy meeting on Thursday, as policymakers assessed that the current rate remains accommodative and supportive of economic growth amid the resilient domestic demand. The Monetary Policy Committee of Bank Negara Malaysia decided to keep the […]

Economic optimism has collapsed around the globe due to a number of challenging conditions like inflation, war threat, unemployment, and climate change, all resulting in polarization in society, while businesses are viewed as the only institution that is competent and ethical, according to the 2023 Edelman Trust Barometer. This year’s […]

Geoeconomic fragmentation would cost the global economy up to 7 percent of economic output and this could go up to 12 percent in some countries in case of additional technological decoupling, the staff report from the International Monetary Fund showed Monday. IMF staff cautioned that the world is facing the […]

India’s wholesale price inflation continued its easing trend in December to the lowest level in twenty-two months, thanks to the continued fall in food prices, provisional data from the Ministry of Commerce and Industry revealed on Monday. The wholesale price index climbed 4.95 percent year-over-year in December, slower than the […]

The World Economic Forum’s annual meeting began in Davos with corporate executives and economists warning a global recession is likely this year. Of 4,410 business leaders surveyed by PricewaterhouseCoopers LLP in October and November last year, 73 per cent predicted global growth to decline over the coming 12 months. The […]

While the Labor Department released a report on Friday showing an unexpected increase in U.S. import prices in the month of December, the report also showed a much steeper than expected nosedive in export prices. The Labor Department said import prices rose by 0.4 percent in December after falling by […]

The World Economic Forum (WEF) delivered its Global Risks Report for 2023. Ahead of the WEF’s Davos meeting, the report runs down global challenges businesses and individuals will likely face this decade. Here are some of the key economic highlights. Sourcing the WEF’s Risk Insight As the organization’s name implies, […]

Cognizant (CTSH) announced that its Board has named Ravi Kumar as CEO and a member of the Board, effective immediately. Kumar succeeds Brian Humphries. Humphries will remain with the company as a special advisor until March 15, 2023. Kumar served as President at Infosys until October 2022, leading the Infosys […]

Inflation in Japan’s capital Tokyo hit 4 percent for the first time in four decades at the end of 2022, lifting speculation over a shift in the Bank of Japan’s massive monetary easing stance. Separate data showed an unexpected fall in overall household spending in November, driven by rising consumer […]