World Bank predicts 'sharp slowdown' for global economy this year despite improvement

The global economy is likely to experience a significant slowdown this year, under the influence of elevated interest rates, the ongoing repercussions of Russia's invasion of Ukraine, and the persistent impacts of the coronavirus pandemic, the World Bank said in its latest outlook.

Demonetisation may lead to temporary slowdown of economy: President

New Delhi, Jan 5 (IBNS): Days after the time period for depositing banned currency notes in banks lapsed, President Pranab Mukherjee on Thursday said demonetisation may lead to temporary slowdown of the economy.