Global economy

Global economy is forecast to slowdown in the coming months, with a 2023 growth forecast at 2.7 per cent and a decreased 2024 forecast at 2.9 per cent. The US is expected to fall into recession in late 2023, while Europe's growth remains sluggish. On the bright side, India’s economy is robust with strong demand, and the ASEAN region maintains healthy growth.

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Textiles 'Not so coupled' Indian economy may not see recession: S&P Global 22 Sep '22 3 min read Pic: Shutterstock Despite the euro zone and the United States headed toward recession, India is unlikely to be affected given the ‘not so coupled’ nature of its economy with the global economy, according to global rating agency S&P, which recently termed the Chinese slowdown as ‘the worst in decades’ and ‘a self-inflicted pain’ arising out of its zero tolerance policy towards COVID.''Indian…