Impending Catastrophe: Impact of US Debt Default on Citizens
Nation Holds its Breath as Financial Chaos, Economic Turmoil, and Social Programs Hang in the Balance With the United States teetering on the edge of a potential debt default, the consequences for American citizens could be devastating. Experts are sounding the alarm, emphasising the dire implications that could reverberate across the nation as a result….
Vishal Prajapati
India Perseveres On Amidst Global Slowdown
“Headwinds from a slowing global economy are beginning to weigh more on exports,” believes Rahul Bajoria, an economist from Barclays Plc. However, that doesn’t bode well for India, whose exports declined for four months straight. The exports registered a decline of 13.9% in March, while the imports decreased by 7.90% compared to the figures of…
Sumit
IMF Predicts India, China To Lead Global Economy in 2023
The International Monetary Fund(IMF) predicted that India and China would account for half of the global growth in 2023. According to the latest outlook of the IMF, India will remain the bright spot along with China in the global economy. Both countries witnessed a strong recovery from the Covid19 slowdown and noticed faster economic growth. According…
SHAHID MUSHTAQ
U.S. Debt Ceiling Crisis Risk On Peak Again In 2023
With new leadership in the U.S. In The House of Representatives, the risk of deadlock over the debt ceiling may lead to a fiscal crisis the highest ever, according to Jason Furman, former top economic adviser during the administration of President Barack Obama. The Debt Ceiling is the maximum amount of money the United States…
Idealizing China Won’t Save India From Slowdown in 2023
It is notable that the global slowdown has also arrived in India. Investments in factories, roads and other fixed assets are just less than 35% of domestic output, which has not changed in the last 10 years. Loan demand is growing so fast that deposits can’t keep up. How is India trying to cover up…
Why Should Investors Expect Recession in 2023?
Investors should expect a recession in 2023 ━ Jason Trennert, CEO of Strategas Securities, a capital market company, said in an interview. He says there are very few instances in which the inflation rate got something like 8 per cent or 9 per cent where the FED (Federal Reserve System) was able to bring it…