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Global Warming Will Make The Average Person 40% Poorer, Study Warns
A new study reveals global heating's economic impact will be far worse than previously expected, predicting a 40% wealth reduction with 4 degree Celsius warming and a 16% reduction in global GDP at 2 degree Celsius.
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4 Degree Celsius Rise In Temperature May Cut Global GDP By 40%: Study
A team of Australian researchers on Tuesday said that 4-degree Celsius rise in global temperatures would cut world GDP by around 40 per cent by 2100 - a sharp increase from previous estimates of around 11 per cent.
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War With Israel Likely To Wipe 9% Off Lebanon's GDP: UN
The war between Israel and armed group Hezbollah is expected to wipe 9% off Lebanon's national wealth as measured by GDP, the United Nations said on Wednesday.
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Israel-Hamas War Causes Nearly 90% Drop In Gaza GDP: IMF
A year of conflict between Israel and Hamas has resulted in a "devastating impact on the economy" in the occupied West Bank and Gaza, the IMF said Thursday, including a nearly 90 percent drop in Gaza's GDP.
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Global Warming Of 3 Degrees May Cost World 10% Of GDP: Study
Warming of the planet by 3 degrees Celsius may cost the world up to 10 per cent of its GDP, a new research has found. It also found that poorer, tropical countries could see the worst effects - up to 17% GDP loss.
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"Israel-Gaza Conflict Could Impact Fuel Prices, World GDP": IMF's Gita Gopinath
The Israel-Gaza war can have "important consequences" on the global economy, especially since it has come at a time when many countries across the world are fighting inflation, the International Monetary Fund's Gita Gopinath has said.
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"Everyone Thought There Will Be Recession, But...": Economist On US Risks
The United States may see a deep recession soon, and such a scenario would impact not only India's services sector, which is a key component of the country's GDP, but also bring about volatility in the bond and equity markets, a top economist said.
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Sustaining 19.5% Growth In Direct Tax Collection In FY24 May Be Difficult: Report
The expected lower nominal GDP growth in 2023-24 on the back of threats of global recession could impact income tax collection, the government source told reporters ahead of the presentation of Union Budget 2023-24 on February 1.
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Asian Development Bank Cuts India's GDP Forecast For 2022-23 To 7.2%
Asian Development Bank (ADB) on Thursday trimmed India's economic growth forecast for current fiscal year to 7.2 per cent from 7.5 per cent as pandemic and war impact is weighing down alongside inflationary pressures.
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GDP Growth In March Quarter Of 2021-22 May Have Slowed: ICRA
Hiccups in recovery of contact-intensive services attributable to the third wave of Covid-19 in the country may have also affected the economic growth
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India's Projected GDP Growth Down To 6.4%, Yet Fastest-Growing Major Economy: UN
As the Ukraine conflict impacts the global GDP, India is projected to grow by 6.4 per cent in 2022, slower than the last year's 8.8 per cent but still the fastest-growing major economy, a UN report said.
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Record Tax Collections Signify Economic Recovery, To Boost Growth: Government
Official sources say that the growth revenue collections has also boosted country's tax-GDP ratio for 2021-22 to 11.7 per cent
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Mindful Of Geopolitical Tensions, RBI Cuts Growth Forecast To 7.2% For 2022-23
RBI cut growth forecast to 7.2 per cent for 2022-23 amid volatile crude oil prices and supply chain disruptions due to Russia-Ukraine war
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Morgan Stanley Cuts India's FY23 GDP Forecast, Flags Stagflation Risk From Ukraine Conflict
Morgan Stanley sharply cut its India FY23 real GDP growth estimate to 7.9 per cent, mainly due to the impact of the Russia-Ukraine conflict.
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Impacts of Accidents on Insurance Premiums
One of the most important parts of owning a car is having an active insurance cover. Insurance is a safety net that prevents owners from considerable financial losses due to accidents.
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Global Warming Will Make The Average Person 40% Poorer, Study Warns
A new study reveals global heating's economic impact will be far worse than previously expected, predicting a 40% wealth reduction with 4 degree Celsius warming and a 16% reduction in global GDP at 2 degree Celsius.
-
4 Degree Celsius Rise In Temperature May Cut Global GDP By 40%: Study
A team of Australian researchers on Tuesday said that 4-degree Celsius rise in global temperatures would cut world GDP by around 40 per cent by 2100 - a sharp increase from previous estimates of around 11 per cent.
-
War With Israel Likely To Wipe 9% Off Lebanon's GDP: UN
The war between Israel and armed group Hezbollah is expected to wipe 9% off Lebanon's national wealth as measured by GDP, the United Nations said on Wednesday.
-
Israel-Hamas War Causes Nearly 90% Drop In Gaza GDP: IMF
A year of conflict between Israel and Hamas has resulted in a "devastating impact on the economy" in the occupied West Bank and Gaza, the IMF said Thursday, including a nearly 90 percent drop in Gaza's GDP.
-
Global Warming Of 3 Degrees May Cost World 10% Of GDP: Study
Warming of the planet by 3 degrees Celsius may cost the world up to 10 per cent of its GDP, a new research has found. It also found that poorer, tropical countries could see the worst effects - up to 17% GDP loss.
-
"Israel-Gaza Conflict Could Impact Fuel Prices, World GDP": IMF's Gita Gopinath
The Israel-Gaza war can have "important consequences" on the global economy, especially since it has come at a time when many countries across the world are fighting inflation, the International Monetary Fund's Gita Gopinath has said.
-
"Everyone Thought There Will Be Recession, But...": Economist On US Risks
The United States may see a deep recession soon, and such a scenario would impact not only India's services sector, which is a key component of the country's GDP, but also bring about volatility in the bond and equity markets, a top economist said.
-
Sustaining 19.5% Growth In Direct Tax Collection In FY24 May Be Difficult: Report
The expected lower nominal GDP growth in 2023-24 on the back of threats of global recession could impact income tax collection, the government source told reporters ahead of the presentation of Union Budget 2023-24 on February 1.
-
Asian Development Bank Cuts India's GDP Forecast For 2022-23 To 7.2%
Asian Development Bank (ADB) on Thursday trimmed India's economic growth forecast for current fiscal year to 7.2 per cent from 7.5 per cent as pandemic and war impact is weighing down alongside inflationary pressures.
-
GDP Growth In March Quarter Of 2021-22 May Have Slowed: ICRA
Hiccups in recovery of contact-intensive services attributable to the third wave of Covid-19 in the country may have also affected the economic growth
-
India's Projected GDP Growth Down To 6.4%, Yet Fastest-Growing Major Economy: UN
As the Ukraine conflict impacts the global GDP, India is projected to grow by 6.4 per cent in 2022, slower than the last year's 8.8 per cent but still the fastest-growing major economy, a UN report said.
-
Record Tax Collections Signify Economic Recovery, To Boost Growth: Government
Official sources say that the growth revenue collections has also boosted country's tax-GDP ratio for 2021-22 to 11.7 per cent
-
Mindful Of Geopolitical Tensions, RBI Cuts Growth Forecast To 7.2% For 2022-23
RBI cut growth forecast to 7.2 per cent for 2022-23 amid volatile crude oil prices and supply chain disruptions due to Russia-Ukraine war
-
Morgan Stanley Cuts India's FY23 GDP Forecast, Flags Stagflation Risk From Ukraine Conflict
Morgan Stanley sharply cut its India FY23 real GDP growth estimate to 7.9 per cent, mainly due to the impact of the Russia-Ukraine conflict.
-
Impacts of Accidents on Insurance Premiums
One of the most important parts of owning a car is having an active insurance cover. Insurance is a safety net that prevents owners from considerable financial losses due to accidents.
