fiscal policy News

EY Forecasts Robust 6.5% Growth for India's Economy in Fiscal Year 2026

EY's Economy Watch forecasts a 6.5% growth for India's economy in FY26, with a 6.4% projection for FY25, emphasizing the need for fiscal policy adjustments to support growth. Stay ...

India's Finance Minister Denies US Pressure, Highlights Ongoing Customs Duty Reductions

Finance Minister Nirmala Sitharaman denies US pressure on customs duty reductions, emphasizing policy alignment with India's development goals. The government has rationalized cust...

European Markets Show Resilience: Inflation Data and UK Fiscal Policy in Focus

European stock markets opened mostly higher as investors digested UK inflation data and awaited the British Chancellor's Spring Statement. Key stocks like Daimler Truck and Anglo A...

India's Economic Boom: GDP Skyrockets to $4.2 Trillion in a Decade, IMF Reports

India's GDP has doubled to $4.2 trillion over the past decade, with a robust growth rate of 6.5% and controlled inflation. The IMF reports improving living standards but notes fisc...

Record-Breaking 78 Trillion Won Tax Cuts Unveiled: A Bold Move Amid Fiscal Concerns

The Ministry of Economy and Finance announces a record-high tax reduction of 78 trillion won for this year, raising concerns over fiscal sustainability and revenue shortfalls. Stra...

South Korea's Money Supply Surges for the 19th Month: A Deep Dive into the Economic Implications

South Korea's money supply has grown for the 19th consecutive month, reaching 4,183.5 trillion won in December 2024. This growth, driven by domestic asset market volatility, has se...

Fed Chair Powell Adopts Wait-and-See Approach to Trump's Policy Directions

Federal Reserve Chair Jerome Powell states the Fed is waiting to see the Trump administration's policy directions on tariffs, immigration, and fiscal policy before making decisions...

Global Economic Growth Forecasted at 3.3% in 2025 and 2026 by IMF

The IMF forecasts a global economic growth of 3.3% in 2025 and 2026, with the US and China leading the charge. Inflation is expected to decrease, but long-term fiscal adjustments i...

Record High: South Korean Government's Borrowing and Interest Payments Soar

The South Korean government's borrowing from the Bank of Korea hit a record high of 173 trillion won in 2024, with interest payments exceeding 200 billion won. This marks a signifi...

BOK Governor Urges Swift Economic Stimulus to Combat Economic Downturn

BOK Governor Rhee Chang-yong calls for immediate economic stimulus through active fiscal policy to combat economic downturn caused by recent political turmoil. He warns of long-ter...

Bank of Korea's Urgent Move: Preemptive Rate Cuts Amid Economic Slowdown

South Korea's monetary policy board members called for swift and preemptive actions to address the slowing economy, voting for back-to-back rate cuts and emphasizing the need for p...

South Korea's Political Turmoil Threatens Economic Growth: Goldman Sachs Analysis

Goldman Sachs warns of increased economic risks in South Korea due to political instability, including martial law and impeachment proceedings. The forecast for 2025 growth rate is...

China's Monetary Policy Shift: A Move Towards Economic Growth

China has announced its intention to adopt an "appropriately loose" monetary policy next year to support economic growth, marking the first such shift towards loosening since 2010....

Potential Supplementary Budget Looms: A Shift in Yoon's Fiscal Policy?

The Office of the President hints at a potential supplementary budget for next year, marking a shift in President Yoon Suk Yeol's fiscal policy. This move could signal more active ...