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Shumita Deveshwar, TS Lombard’s Chief India Economist, says that the Iran War’s impact on India’s economy will be dependent on the duration of the conflict. She adds that beyond elevated prices, the conflict in the Middle East will impact India’s logistics costs and remittances to the country. Source: cnbc.com
With much of the world’s oil supplies out of action, Russia could step in to meet demand in China and India Source: theguardian.com
Benchmark index plummets as much as 12.2 percent, eclipsing single-day plunge after 9/11 attacks in 2001. Source: aljazeera.com
Denmark’s economy is poised to expand at the fastest pace in the Nordic region this year, even as pharmaceutical giant Novo Nordisk A/S grapples with slowing sales, according to the country’s largest lender. Source: bloomberg.com
Sustained high oil prices would boost inflation and slow growth, putting central banks in a tough spot. Source: bloomberg.com
Australia’s economy grew at a brisk pace in the final three months of last year driven by government and household spending, keeping a back-to-back Reserve Bank interest-rate hike firmly in play. Source: bloomberg.com
The historian says the worst traits of America’s Gilded Age are back Source: economist.com
China’s breakneck economic growth – which lifted incomes at home and reshaped markets abroad – once seemed as inevitable as a law of nature. Source: bloomberg.com
China’s leadership is meeting in the shadow of crises abroad this week, as it puts the finishing touches on its blueprint for growth through 2030 and unveils plans to insulate the economy from global turmoil. Source: bloomberg.com
Chinese Premier Li Qiang is set to announce economic targets and policies for the year ahead on Thursday. Source: cnbc.com
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