Specialized search for economics

39+ min ago (227+ words) Though average inflation will rise in FY27, the upside will be limited by stable global crude prices, positive impact from GST rate cuts and muted price pressures from excess capacity in China, a report said. "We maintain our full-year growth forecast at 7.5 per cent for FY26. Growth momentum in the year so far has been buoyed by income tax reductions, GST rate rationalisation and lower interest rates," said the report from ratings agency Care Edge Ratings. Even with global uncertainties lingering, we expect GDP growth at 7 per cent in FY27, it said, adding the Reserve Bank of India's unanimous 25 basis point repo rate cut to 5.25 per cent leverages benign inflation to stimulate growth. "Amid sustained easing in inflation and a favourable food price outlook, the RBI has revised its full-year inflation forecast for FY26 to 2 per cent from the earlier forecast of 2.6 per cent....

1+ hour, 9+ min ago (590+ words) The West Australian is a leading news source in Perth and WA. Breaking local and world news from sport and business to lifestyle and current affairs....

1+ hour, 27+ min ago (501+ words) Power bill rebates were always "an interim measure, Anthony Albanese has said as his government weighs up extending or scrapping the federal help. Sparing households and small businesses from the worst of climbing power prices, the blanket energy rebate is one of Labor's most popular policies. It is also a heavy burden on Commonwealth coffers at a time when shrinking iron ore and coal exports are forcing Canberra to scramble in search of new revenue streams. The Prime Minister and his cabinet will next week decide whether to extend the energy rebate ahead of the Mid-Year Economic and Fiscal Outlook (MYEFO) due this month. Mr Albanese on Sunday kept tight-lipped on the decision but did stress that the rebates were temporary. "What we've said is this wouldn't be in place forever, he told the ABC. "This was an interim measure....

1+ hour, 43+ min ago (628+ words) The Wider Economic Impact: Beyond Fuel and Daily Goods When Everything Becomes "Good News" Today, citizens are made to feel "normal" about "100 petrol, 500 AQI pollution, and shrinking savings. In such an environment, rupee depreciation is trivialized like a non-issue. But behind this normalization lies the exposure of three major economic lies, have a look: Lie No. 1: "India Is the Fastest-Growing Economy at 8.2%" The current growth is being driven mainly by banking, technology, and other high-skill service sectors. Meanwhile, agriculture and rural wages remain stuck at around 3.5 percent. Over 50 percent of India"s workforce contributes just 16 percent of the GDP. This is not inclusive growth'it is elite growth. Lie No. 2: "A Weaker Rupee Boosts Exports" Lie No. 3: "Rupee Is Falling Only Against the Dollar" Foreign Investors Are Leaving India If Depreciation Is So Good, Why Was "Make in India" Needed? If…...

1+ hour, 54+ min ago (616+ words) The Chairman and CEO of JPMorgan Chase, the United States" largest bank, warns that the ongoing economic frailty of Europe could jeopardize US economic stability. Jamie Dimon stated that a "weak" Europe is not just a European problem, but one with serious implications for global growth, trade flows, and ultimately, the US economy. "If Europe goes down, we all go down," Dimon warned, underlining that sluggish growth, burdensome regulation, and sluggish productivity on the continent represent a systemic risk for transatlantic and global prosperity. He made these remarks during the Reagan National Defence Forum, which was held on Saturday, December 6. At this time, Dimon insisted that "Europe has a real problem." To elaborate on his claim, the CEO began by acknowledging that the continent has implemented some considerable safety measures. However, he voiced concerns about Europe"s approach, which pushes…...

2+ hour, 9+ min ago (291+ words) Started in 2012, Giving Tuesday, which takes place on the Tuesday after Thanksgiving, is a day which aims to encourage people to do good. Described as "a global generosity movement unleashing the power of radical generosity", the goal of Giving Tuesday is to encourage people to donate time or money or to use their voice for a good cause. While generosity may seem like a complicated concept to quantify, for over a decade now, the Charities Aid Foundation has been providing an overview of generosity around the world with its'World Giving Index. This international study examines populations in more than 100 countries according to three main aspects of generosity: charitable donations, volunteering and willingness to help strangers. As in previous years, Statista's Valentine Fourreau notes that the most generous country is not one of the richest in the world. In 2024 Indonesia again…...

2+ hour, 32+ min ago (155+ words) [Economy] : Food prices have risen more than 27 percent over the past five years. According to data from the Ministry of Data and Statistics on Sunday, the food price index stood at 127-point-one in November, up 27-point-one percent from 2020. In contrast, the overall consumer price index climbed 17-point-two ...[more...] Food Prices Jump 27% in 5 Years [4K] RIIZE, ILLIT, VVUP, XODIAC, VERIVERY, fromis_9, tripleS msnz moon, CHUEI LI YU, LILY | On the way to music bank 251205 Korea Changing Faster Than You Think: The Multicultural Wave The Initial Memories (" "), Now You See Me: Now You Don't (" " " "3) Food Prices Jump 27% in 5 Years [4K] RIIZE, ILLIT, VVUP, XODIAC, VERIVERY, fromis_9, tripleS msnz moon, CHUEI LI YU, LILY | On the way to music bank 251205 Korea Changing Faster Than You Think: The Multicultural Wave The Initial Memories (" "), Now You See Me: Now You Don't (" " " "3)...

3+ hour, 19+ min ago (217+ words) Concerning nations surveyed in Statista's Consumer Insights, Americans were among those most worried about food and water security. Indeed, as Statista's Katharina Buchholz reports, while for most European nations, worry about the topic peaked during the coronavirus pandemic and the beginning of the Russia-Ukraine war, concern has remained elevated in the'United States'into 2025. Food and water supplies were not considered a particular issue among developed countries for a long time. But the data illustrates how that is starting to change. As many as 1 in 5 respondents in France said that food and water security was one of the biggest challenges their country faced in 2025. The proportion was similarly high in the United Kingdom and Italy (23 percent), while it had fallen a little lower again in Spain (16 percent) and Germany (13 percent). As wars (trade and kinetic) continue to disrupt international trade and affairs…...

3+ hour, 32+ min ago (736+ words) While the US Federal Reserve's final interest rate meeting this year could see an unusual amount of division, financial markets view a third straight interest rate cut as nearly certain. When the Fed last met in October, Chair Jerome Powell asserted that another rate cut in December was "not a foregone conclusion," pointing to "strongly differing views" within the central bank. Minutes from the Fed's most recent meeting showed many officials expect a further uptick in underlying goods inflation as President Donald Trump's tariffs bite. But recent comments from leading Fed officials also reflected support for cutting again because of a weakening labor market, even though inflation is still above the Fed's two percent target. Next week's outcome in the "deeply divided" Fed was "too close to call," UniCredit said, also acknowledging that favorable comments from New York Fed bank…...

3+ hour, 54+ min ago (1496+ words) (Bloomberg) -- Federal Reserve Chair Jerome Powell is expected to push through another quarter-point interest-rate cut this week despite growing unease among fellow policymakers that inflation remains too high. The Fed delivered a second straight reduction in October driven by the summer's sudden deterioration in the US labor market. But that was followed by an outburst of hawkish concern from some officials, including five who vote on policy this year, signaling hesitancy or unwillingness to support a third move in December. Wealthy County in New York Must Pay $112 Million Over Immigrant Rights Violations Trump Replaces Architect to Lead $300 Million Ballroom Design A Bright Idea for Road Safety: Traffic Light Timing Owner of NYC's Fordham Landing Housing Project Files Bankruptcy Wealthy New Jersey Town's Vote on Fixing School Deficit Canceled That growing division has been exacerbated by the lack of fresh economic…...