economic impact News

Indian Exports to US Surge 7x Faster Than Global Average Amid Tariff Uncertainties

Indian exports to the US have grown seven times faster than the global average, driven by exporters frontloading shipments to avoid higher tariffs. Despite challenges, sectors like...

Goldman Sachs Stands Firm: Tariffs Will Hit Consumers Hard Despite Political Backlash

Goldman Sachs maintains that tariffs will largely fall on consumers, despite political criticism. Economist David Mericle predicts consumers will bear two-thirds of the burden, pot...

India's Oil Dilemma: Navigating Economic and Strategic Fallouts from Trump's Tariffs on Russian Crude

Indian refiners face significant economic and strategic challenges if they cease Russian oil imports, amidst US tariffs. Alternatives are costly and less efficient, highlighting a ...

India-US Trade War Escalates: CTI Urges Diversification Amidst 50% Tariff Shock

The Chamber of Trade and Industry (CTI) warns of severe consequences for India's export-driven businesses due to the US's decision to impose a 50% tariff on Indian goods. CTI urges...

Indian Rupee Defies Trump's 50% Tariff Hike, Gains 5 Paise Against US Dollar

The Indian rupee gained 5 paise against the US dollar despite new US tariffs on Indian goods. Experts warn of serious economic fallout, with potential impacts on GDP growth and sec...

Asian Exports to the U.S. Set for Dramatic Drop: What's Behind the Sudden Shift?

Trade analysts predict a sharp decline in Asian exports to the U.S. due to the end of the pre-order effect and new tariffs, with potential drops of 20-30% by early next year. Exper...

U.S. Tariff Rates Hit 91-Year Peak, Sparking Fears of Consumer Price Surge and Economic Ripple Effects

The U.S. tariff rates have surged to an 18.3% average, the highest in 91 years, causing significant price increases in clothing and textiles, and prompting companies to pass costs ...

South Korean SMEs and Corporations Brace for Significant Tax Increases Amid Global Economic Shifts

South Korea announces a significant tax reform, increasing corporate taxes for the first time in eight years, affecting SMEs and large corporations alike. The move contrasts with g...

Understanding the Impact: Donald Trump's 25% Tariff on Indian Goods and Its Global Trade Implications

US President Donald Trump has imposed a 25% tariff on Indian goods, citing trade deficits and India's purchases from Russia. This move affects key Indian exports and could reshape ...

Powell Warns: Trump's Tariffs Begin to Impact Consumer Prices and Inflation

Federal Reserve Chair Jerome Powell discusses how President Trump's tariffs are affecting consumer prices and inflation, noting the economic impact is still unfolding and retailers...

EU Sanctions on Russian Oil Threaten India's $15 Billion Fuel Exports: Navigating Economic and Geopolitical Challenges

The EU's sanctions on Russian oil threaten India's $15 billion fuel exports, targeting refined petroleum products from third countries. Indian companies like Nayara Energy and RIL ...

UK Industrial Production Takes a Hit: A 0.7% Decline in March Sparks Economic Concerns

The UK's industrial production fell by 0.7% in March, causing concern among economists about the potential impact on the broader economy. This article explores the implications of ...

Powell Warns of Potential Economic Shock from Tariffs, Yet Data Remains Unaffected

Federal Reserve Chairman Jerome Powell discusses the lack of significant economic impacts from tariffs in current data but warns of potential future shocks including higher inflati...

April Sees a Dramatic 62% Drop in US Job Cuts to 105,441, Challenger Reports

In April, the US saw a 62% decrease in job cuts to 105,441, with technology, media, and healthcare sectors most affected. Government cuts surged by 680% year-to-date, influenced by...

Janet Yellen Warns: Trump's Trade Tariffs Could Push US Economy Towards Recession

Former US Treasury Secretary Janet Yellen warns that President Trump's trade tariffs could severely impact the US economy, potentially leading to a recession by straining businesse...

Janet Yellen Warns: Trump's Trade Tariffs Could Trigger US Recession

Janet Yellen cautions that Trump's trade tariffs could severely harm the US economy, potentially leading to a recession by disrupting businesses dependent on Chinese imports and af...

April's Unexpected Dip: Analyzing the Decline in Japan's Consumer Confidence

Japan's consumer confidence experienced a significant decline in April, sparking discussions on its causes and effects on the economy. Analysts are closely monitoring the situation...

Coldplay's Spectacular Ahmedabad Concerts Ignite Rs 641 Crore Economic Boom: A Detailed Report

Coldplay's two-night concerts in Ahmedabad created a massive Rs 641 crore economic impact, with Rs 392 crore directly boosting the local economy. The event attracted over 2.5 lakh ...

ECB's Cipollone Warns of Significant Economic Impact from Trump's Tariffs

ECB's Piero Cipollone warns of the material effects of Trump's tariffs on the economy, highlighting the risk of Western bloc fragmentation and its profound long-term consequences o...

ECB's Cipollone Warns of Significant Economic Impact from Trump's Tariffs

ECB's Piero Cipollone warns of the material effects of Trump's tariffs on the economy, highlighting risks of Western bloc fragmentation and profound long-term consequences for glob...

ECB's Cipollone Warns of Significant Economic Impact from Trump's Tariffs

ECB's Piero Cipollone warns of the material effects of Trump's tariffs on the global economy, highlighting risks of Western bloc fragmentation and long-term consequences for growth...

Sharp 5.7% Drop in Q1 Export-Import Cargo Volume Signals Trade Challenges Ahead

The first quarter of 2025 saw a 5.7% drop in national export-import cargo volume, with significant decreases in non-container cargo like crude oil and bituminous coal, signaling po...

India Shuts Attari Border: A Deep Dive into the Economic Fallout on Indo-Pak Trade Relations

India's closure of the Attari border post-Pahalgam attack disrupts Indo-Pak trade, affecting small traders and Afghan imports, amid declining trade volumes since 2018-19.

Fitch Downgrades Global Auto Outlook to Deteriorating Amid Rising US Tariffs and Market Uncertainties

Fitch Ratings downgrades the 2025 global automotive sector outlook to 'deteriorating' due to US tariffs on imported vehicles, predicting production cuts, increased costs, and weake...

Fitch Ratings Lowers 2025 Global Auto Sector Outlook Due to US Tariff Impact

Fitch Ratings has downgraded the 2025 global automotive sector outlook to 'deteriorating' due to US tariffs on imported vehicles, warning of production cuts and increased costs. Th...

Nvidia Unveils Plan to Revolutionize US AI Infrastructure with Domestic Supercomputer Production

Nvidia announces a strategic partnership to manufacture AI supercomputers in the US, aiming to invest $500 billion in AI infrastructure, create jobs, and boost the economy. The ini...

Nvidia Unveils Ambitious Plan to Build AI Supercomputers in the US, Creating Thousands of Jobs

Nvidia announces a plan to manufacture AI supercomputers in the US, partnering with TSMC, Foxconn, and others to build $500 billion in AI infrastructure, creating hundreds of thous...

Nvidia's Bold Move: Building AI Supercomputers in the US to Revolutionize Tech Industry

Nvidia Corp. announces a partnership to build AI supercomputers in the US, with facilities in Arizona and Texas. This $500 billion project aims to create jobs and boost the economy...

Exclusive Poll Reveals: 75% of Americans Fear Short-Term Price Hikes from Trump's Tariffs

A CBS News/YouGov poll shows 75% of Americans expect President Trump's tariffs to raise prices short-term, with 65% fearing a negative economic impact, though 49% believe it could ...

US Importers in Shock as Trump's 145% Tariff on Chinese Goods Sparks 'End of Days' Fears

US businesses are facing severe challenges due to Trump's new 145% tariff on Chinese imports, with some CEOs calling it 'the end of days'. The tariffs have disrupted global supply ...

EU Predicts US GDP to Decline by 0.8% to 1.4% by 2027 Due to Trade Tariffs

The EU projects a 0.8% to 1.4% drop in US GDP by 2027 due to trade tariffs, with potential worse outcomes if measures persist. The Eurozone and global economy could also suffer sig...

Asia-Pacific Markets React Mixedly as Trump's Tariffs Stir Uncertainty and Economic Tensions

Asia-Pacific markets showed mixed reactions as Trump's tariffs create uncertainty, with some indices falling and others rising. The US's increased duties on Chinese exports to 145%...