S& P Global Ratings lowered its 2023 growth forecast for emerging economies on Tuesday, citing persistent pressures from the Russia-Ukraine conflict, the lingering COVID-19 pandemic and tight monetary policy conditions. The ratings agency now projects real gross domestic product growth of 3. 8% next year, down from its previous prediction of a 4. 1% expansion. “The downward revision to growth comes from all EMs (emerging markets) excluding China plus Saudi Arabia, with most economies poised to expand below their longer-run trend rates, ” it said, adding that forecasts for 2024 and 2025 remain broadly unchanged, averaging at 4. 3%.
India records 215 new cases of Covid-19 in 24 hours, taking the nation’s tally from the coronavirus pandemic in order to 44, 672, 068. With one brand new death, India’s toll from your pandemic has reached 530, 615. The nation’s tally associated with cured Covid cases right now stands in 44, 136, 471 after 355 people recovered through the disease in the last 24 hrs.