Data and Financial Journalist
IMF issued its steepest downgrade for the U.S. among advanced economies, citing rising tariff-related uncertainty and a heightened risk of recession. Global economic sentiment has dimmed, with the IMF now projecting a 37% chance of a U.S. downturn—up sharply from 25% just months ago.
On Wednesday, April 2, or as President Trump calls it “Liberation Day”, America announced reciprocal tariffs by increasing US duties to match the tax rates charged by other countries on American imports. Here’s a list of countries facing reciprocal tariffs.
Central bank purchases have been key in driving up gold, often considered a haven in times of uncertainty and turmoil. Global uncertainties and the Federal Reserve slashing interest rates this year giving bullion a lift.
The outsourcing market in India has been thriving for years now and most of the entrepreneurs of some of the biggest Indian startups like Ola and Flipkart happen to be ex-employees of the US tech giants like Microsoft and Amazon. But the plight of startups in India may not be as optimistic as the ambitious Startup India Movement.