IMF says despite many gloomy predictions, world economy avoided a recession
IMF says despite many gloomy predictions, world economy avoided a recession
UAE’s current account surplus is estimated to rise to 8.4% in 2024
Remittance inflows to India in 2023 stood at $125 billion
Inflation is proving to be a stickier problem than US central bank officials had anticipated
Deposit rate unchanged at 4%; rate cut could come as soon as June
Claims tend to be volatile around this time of the year
The outlook downgrade follows a similar move by Moody’s in December
New dialogue may need to take place alongside a new Biden administration trade action
The annual consumer price index came in at 3.5% in March
World trade volumes unexpectedly declined by 1.2% in 2023