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Economic & Finance

India’s GDP growth surges at 8.4% in Q3, Economy expand at 7.6 in FY24

According to NSO, India’s GDP growth for FY24 under the second advance estimates is 7.6% higher than 7.0% (revision from last year), with nominal growth being 9.1%. A major boost has come from net taxes which pushes up India’s GDP growth to this level in FY24. GVA growth was 6.9%. Sectors Contribution in India’s GDP

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Economic & Finance

How Fear of Losing USD Access is Impacting Financial Flows to Russia

Deputy Treasury Secretary Wally Adeyemo told Reuters that secondary sanctions against financial institutions that help Russia bypass its own restrictions are effective. The Treasury cites data showing significant declines in financial flows between Russia and Kazakhstan, Turkey, and the United Arab Emirates. As a result of an executive order signed last December, the US has

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Economic & Finance

China’s Economic Turmoil: A Temporary Setback that Won’t Halt Its Manufacturing Dominance

China’s Economic Turmoil: In addition to a real estate crisis and deflation, China faces weak consumer confidence and crashing stocks. But none of that means another country can easily replace China as the world’s top manufacturing powerhouse. As US-China trade relations deteriorate amid tariffs and geopolitical tensions, Eurizon strategists Stephen Jen and Joana Freire said

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Economic & Finance

Title: “China’s Market Crash: A Final Blow for Foreign Investors Exiting Permanently, Warns Think Tank

According to the Atlantic Council, China’s stock market may be scarred for the long term, since foreign investors likely won’t return. The recent China’s market crash has caused concern among foreign investors. Find out the implications and warnings from a top think tank before making any permanent decisions. Chinese firms have suffered a $7 trillion

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Economic & Finance

The Odds of a Global Recession: A Promising Decline Amidst Economic Resilience

To start the year, Wall Street has ramped up its soft-landing calls, and Ned Davis Research strategists seem to agree that there is little chance of a downturn. A note published Tuesday noted that economic indicators across manufacturing, supply chains, and equities indicate a lower risk of a global recession. The global economic lull we

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Economic & Finance

India’s Rising Power: Securing the 4th Strongest Military in the World, while the US Maintains its Dominance at the Top

According to the Global Firepower rankings 2024, the United States remains the most powerful/strongest military in the world, followed by Russia and China. According to the index, which evaluated the strengths of 145 countries, India has the fourth strongest military in the world. In the ranking, Pakistan is at number 9 and Bhutan is at

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Economic & Finance

War and Climate Change Impede Aggressive Fed Rate Cuts in 2024, Say Strategists

According to Macquarie strategists, war and climate change tensions are a main risk to the Fed’s rate cuts. Inflation could rise above 2%, creating an opportunity for a more conservative monetary policy. Drought in the Panama Canal and Red Sea attacks creating supply shocks similar to pandemic era, resulting in less intense rate cuts from

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Economic & Finance

Remittance inflows surge in second half of December: Positive for economy

A recent increase in remittance inflows, touching $1.07 billion during December 1-15, 2023, underlines a significant support for our foreign exchange reserves. This significant increase not only indicates a promising growth but also reveals a resilient pattern in remittance flows. As Bangladesh navigates through economic transitions and global challenges, the robustness shown remittance inflows serves

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Advisor Network Banking & Insurance Economic & Finance Market Overview

US Fed kept interest rate steady: Can we expect a rate cut in early 2024

Dow Jones Industrial Average climbed Wednesday to touch the record high as the US Fed kept interest rate steady. The apex hinted that it might cut interest rates numerous times over the course of 2024. With these comments, the investors were satisfied that the central bank acknowledged slowing inflation trend because of which it opted

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Advisor Network Economic & Finance Market Overview Stocks & Funds

Global stocks ended higher: Investors eye on US Fed’s meeting

The US stocks increased for the 4th session Tuesday as Wall Street analysts eye on the hints as to when the US Fed will initiate easing of monetary policy. The S&P 500 saw an increase of 0.46% to end the session at ~4,643.70, with Dow Jones gaining ~173.01 points, or 0.48%, to close at ~36,577.94. Nasdaq

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