April 23, 2026 5:06 PM

Iran war impact seeps ever deeper into global economy

The global economy is facing ever more tangible strains from the energy shock triggered by the Iran war as factories grapple with soaring production costs and activity weakens even in services sectors, major surveys showed on Thursday. While much of the world's economy has shown resilience in the face of the worst disruption to energy supplies in modern times, the knock-on effects of the near-two-month conflict are starting to push up inflation while raising alarm bells about food supplies and ...

April 13, 2026 8:32 PM

Iran war weighs on global economy as IMF meeting starts

Alarm over the impact of the Iran war on the global economy grew on Monday with more countries announcing emergency support measures to combat rising energy costs, while others appealed for international support. The conflict - the third major shock to hit the world's economy after the COVID pandemic and Russia's invasion of Ukraine - will dominate this week's gathering of finance officials at the International Monetary Fund in Washington. Any lingering hopes of an early restart to oil shipmen...

March 31, 2026 11:21 AM

Inflation to slower growth, West Asia shock to shape global economy in various ways: IMF

The International Monetary Fund (IMF) has said the ongoing US-Israel and Iran war could shape the global economy in different ways — all roads leading to higher prices and slower growth. The IMF said the war in the Middle East is upending lives and livelihoods in the region and beyond. “It is also dimming the outlook for many economies that had only just shown signs of a sustained recovery from previous crises. The shock is global, yet asymmetric. Energy importers are more exposed than exp...

February 3, 2026 6:27 PM

World Government Summit: IMF’s Georgieva says global economy resilient

The World Government Summit 2026 has opened in Dubai under the theme Shaping Future Governments, bringing together global leaders, policymakers and business executives to examine how innovation, sustainability and technology are reshaping public policy. Discussions at the summit are focused on strengthening government policies and boosting international cooperation to tackle economic, social and technological challenges. The programme includes more than 445 sessions featuring over 450 global fi...

November 19, 2025 8:37 PM

PM Modi to embark on three-day visit to South Africa for G20 Leaders’ Summit

Prime Minister  Narendra Modi will visit Johannesburg, South Africa, from November 21 to 23, to attend the 20th G20 Leaders’ Summit hosted by the Republic of South Africa, the Ministry of External Affairs (MEA) announced on Wednesday. According to the MEA release, this year’s Summit marks the fourth consecutive G20 meeting held in the Global South, underscoring the growing influence and cooperation of developing nations in shaping global governance. During the Summit, PM Modi will present...

July 19, 2025 11:16 AM

India sees strong 12.6% growth in investment confidence in Q3 2025, highest among 32 economies: report

Despite a marginal 1.4 per cent decline in business investment confidence, India recorded the highest year-on-year growth among 32 economies surveyed for Q3 2025, registering a strong 12.6 per cent increase, according to the Dun & Bradstreet (D&B) Global Business Investment Confidence Index. The report noted that the Global Business Investment Confidence Index fell by 13.1 per cent quarter-on-quarter (q/q) for Q3 2025, marking the third consecutive quarter of decline. This drop in conf...

May 16, 2025 9:21 AM

India remains fastest-growing economy at ‘precarious moment’ for world: UN

India remains the fastest-growing large economy and is expected to record a 6.3 per cent growth this fiscal year, while the global economy faces a "precarious moment," according to the UN. The UN's mid-year update of the World Economic Situation and Prospects (WESP) report said India's economy is projected to grow a tad faster next year at 6.4 per cent, even though it is also 0.3 per cent lower than the January projection. "The world economy is at a precarious moment," the report warned. "Heig...

May 5, 2025 12:11 PM

Global economy already feeling drag from Trump tariffs

U.S. President Donald Trump's tariffs are increasingly clogging up the wheels of a world economy which for decades were greased by predictable and relatively free trade. Big-name multinationals right down to niche e-commerce players last week cut sales targets, warned of job cuts and reviewed their business plans, while major economies revised down growth prospects amid bleak data read-outs. While financial markets are betting the U.S. and China will pull back from an all-out trade war and tha...

March 21, 2025 10:41 AM

Asian stocks slide as growth, tariff worries weigh

Asian stocks fell on Friday in a downbeat end to the week as deepening geopolitical worries and fears over U.S. tariffs and their impact on the global economy curbed investors appetite for risk, keeping safe-haven gold near record highs. Futures for the S&P 500 and Nasdaq were steady in Asian hours, while European futures pointed to a weak open. Policymakers across the globe struck a cautious note in a week filled with central bank meetings as uncertainty in global economics and politics g...