Failure to reverse the expected broad-based slowdown in potential gross domestic product (GDP) growth would have profound implications for ...

The Covid recession is the first since 1870 to be triggered solely by a pandemic, World Bank president said.

The Washington-based multilateral lender said that the COVID-19 pandemic and the multi-phased lockdown imposed to curb its spread has resul...

China's economic growth is projected to slow down to 6.2 each in 2019 and 2020 and 6 per cent in 2021, according to the January 2019 Global...

Kristalina Georgieva, the World Bank's CEO, said the global growth is moderating from 3 per cent to 2.9 per cent in 2019. That is still a r...

According to the report, global economic growth is projected to soften from a downwardly revised 3 per cent in 2018 to 2.9 per cent in 2019...

The United States and China will continue trade talks in Beijing for an unscheduled third day on Wednesday.

India retains the tag of the fastest growing country among the world's major emerging economies, Ayhan Kose, Director of the Development Pr...

India’s growth is forecast to recover to 7.3% in FY19 and 7.5% in the next two fiscals each, according to the World Bank forecast released ...

India, despite initial setbacks from note ban and GST, will growth by 7.3 per cent in 2018 and 7.5 for the next two years, the World Bank s...

World Bank has revised India's growth figures by 0.4 percentage points as compared to its January forecast, India remains the fastest growi...

"Any reform has short-term costs but ultimately reforms will bring long-term gains. In the case of India, we expect whatever the adverse ef...

The report said many resource development projects have been put on hold or delayed in emerging and developing countries because of decline...

The domestic currency had ended 12 paise lower at 66.36 against the greenback on Tuesday on fresh demand for the US currency from banks and...

China has adopted measures aimed at containing financial vulnerabilities and unwinding excess capacity and at the same time, stemming a slo...

In some countries, the fiscal pressures can partly be mitigated by large sovereign wealth fund or reserve assets, the report said.

According to the report, governments must have the resources (ie fiscal space) to be able to increase spending during cyclical downturns.