Bajaj Finance’s loan growth is firmly back, up 9% q-o-q in Q3FY22. We expect the overall medium-term trajectory to remain strong even as a combination of competition across segments, rising rates and investments in new initiatives will exert some pressure. Amid normalising business and asset quality performance, cooling down in […]
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UN Forecasts Lower Global Economic Growth for 2022 and 2023 | Business News
By EDITH M. LEDERER, Associated Press UNITED NATIONS (AP) — The United Nations forecast lower global economic growth for 2022 and 2023 on Thursday, saying the world is facing new waves of coronavirus infections, persistent labor market challenges, lingering supply chain issues and rising inflationary pressures. The U.N. said that […]
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World Bank downgrades 2022 global economic growth forecast to 4.1%
The global economy is on track to grow by 4.1 per cent in 2022, down 0.2 percentage point from a previous projection, the World Bank Group said in its latest Global Economic Prospects release. “The global recovery is set to decelerate markedly amid continued Covid-19 […]
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UK business growth slows as Omicron cases rise
London remained the fastest-growing area but saw business activity fall from 64.1 in November to 57.5, signalling a loss of momentum. Photo: Tolga Akmen/AFP via Getty Business activity growth slowed in the UK in December thanks to a resurgence in COVID-19 cases across the country as Omicron took its […]