World Bank (September 3)
“India remained the fastest-growing major economy and grew at a rapid clip of 8.2 percent in FY23/24…. Amid challenging external conditions, the World Bank expects India’s medium-term outlook to remain positive. Growth is forecast to reach 7 percent in FY24/25 and remain strong in FY25/26 and FY26/27.”
Tags: 8.2%, External conditions, Fastest-growing, Forecast, FY23/24, Growth, India, Major economy, Outlook, Positive, Rapid clip, World Bank
The Guardian (September 1)
“Germany was once an economic model to emulate but its reliance on industries past their sell-by date is costing it dear.” The nation is increasingly “an analogue economy in a digital world.” Though “brutal,” the truth “is that Germany is no longer an appropriate role model for the UK (or indeed, any other country). It is a country where the threat to democracy posed by extremist parties is the result of economic failure.”
Tags: Analogue economy, Brutal, Democracy, Digital world, Economic failure, Economic model, Emulate, Extremist parties, Germany, Industries, Reliance, Threat, UK
New York Times (August 30)
“The world is well stocked with oil…. Demand continues to grow, but production seems likely to keep pace.” This is one reason “the market seems surprisingly calm” given “the degree of political turmoil not only in Libya but in the Middle East.” The other reason is China. After accounting for “roughly half of consumption increases in the last two decades,” China is no longer driving consumption. The nation’s shift to EVs could even “lead to drops in demand there for diesel this year and for gasoline in 2025.”
Tags: 2025, Calm, China, Consumption, Demand, Diesel, EVs, Gasoline, Libya, Middle East, Oil, Political turmoil, Production, Well stocked, World
