IMF projects global growth at around 3.2% in 2024 and 3.3% in 2025, nearing pre-pandemic levels. Most countries show positive growth except the US and Japan, while Europe is gradually improving. Inflation is decreasing at a slower rate due to sticky services inflation despite a drop in goods inflation during the pandemic. Demand for services post-pandemic is driving up service inflation. Energy and food prices are nearing pre-pandemic levels with inflation likely to remain higher, impacting central bank interest rate cuts which might affect the markets. The IMF projects a 7% growth rate for India, up from approximately 6.8%.
This is the third weekly brief. We publish a new episode every day to help you understand the biggest stories in the Indian markets. But we understand that you may be busy and don't have the time to listen to the daily episodes. So don't worry, we've got you covered.
Every week, we'll publish a new episode simplifying the biggest stories of the week so that you can still look smart in front of your friends. In this week's episode, we look at these stories:
1) Are Indian fund managers really value investors?
2) SEBI proposes a new asset class for people who want to take risk
3) The Global Economy is a Little Good, a Little Bad
4) Zomato wants more money!
5) Are gig workers- employee or on contract?
6) SME IPO Frenzy
7) Credit looked like a party until RBI stepped in
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