Economy

Fragile State of UK Economy to Avoid Recession for the Time Being

EconomySadaf Hasan - July 13, 2023

UNITED KINGDOM: Britain's economy contracted less than expected in May despite a bank holiday to mark King Charles' coronation and strikes, indicating that the...

Surging Food Prices Drive India’s Retail Inflation Higher Than Anticipated in June

AsiaAkundi Harshvardhan - July 12, 2023

INDIA: Surging food prices boosted India's annual retail inflation rate in June, interrupting four months of easing and removing any hope of a rate...

Sri Lanka to Receive $700 Million in Funding from World Bank to Tackle Crisis

EconomySadaf Hasan - June 29, 2023

SRI LANKA: On Thursday, the World Bank granted approval for a substantial financial assistance package of $700 million to Sri Lanka, marking the largest funding...

UK’s Debt Level Reaches Historic High, Crossing 100% of GDP for 1st Time Since 1961

EconomyAkundi Harshvardhan - June 21, 2023

UNITED KINGDOM: In May, the UK's debt load reached over 100% of economic production for the first time since 1961, with government borrowing more...

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Economy

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