Global Growth Forecast To Slow Down

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  OECD Trims Global Growth Forecast, Sees Israel-Hamas War As Near-Term Risk

  The world economy is likely headed for a soft landing next year, the OECD said Wednesday as it pared back its growth forecast, but warned the Israel-Hamas conflict could throw a spanner in the works.

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  Fitch Slashes India's GDP Growth Forecast To 7% From 7.8% For This Year

  Fitch expects the Indian economy to slow down and said in a statement released late on Wednesday.

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  Apple Says Global Chip Shortage Will Start to Affect iPhone Production, Growth Forecast Slows

  Apple said that a global chip shortage that has bit into its ability to sell Mac and iPad units will start to affect iPhone production and forecasted slowing revenue growth, sending its shares lower.

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  IMF Cuts GDP Growth Forecast To 6% For 2019-20

  The IMF's outlook comes days after a World Bank report pegged India's growth rate in FY 2019-20 at 6 per cent, and the Reserve Bank of India's latest downward revision to 6.1 per cent.

• Indian economy likely to grow between 7-7.5% in FY12: Basu

  Economic growth in the current fiscal could be around 7-7.5 per cent, down from 8.5 per cent a year ago.