<p>
<strong>Conflicts relating Yemen and Ukraine have unsettled the economic outlook for the new year impacting the global stock market as well.</strong></p>
<p>
Besides, the resurgence of the Covid 19 infections in several parts of the world including China could dent supply chains thus dampening economic recovery. However, the silver lining is that many countries have factored in the current Covid 19 infection wave.</p>
<p>
&ldquo;The markets may have factored in that the current omicron will result in an endemic stage in the covid cycle and thus a faster normalization of economic activities,&rdquo; the State Bank of India&rsquo;s economic report said.</p>
<p>
<strong>Also read: <a href="https://www.indianarrative.com/world-news/us-to-impose-personal-sanctions-on-putin-if-russia-invades-ukraine-145581.html">US to impose personal sanctions on Putin if Russia invades Ukraine</a></strong></p>
<p>
With inflation persisting at high levels, several emerging market economies (EMEs) were first off the mark in normalising and even tightening monetary policy. In advanced economies (AE) too, persistent price pressures have induced some of them to raise policy rates.</p>
<p>
The report also noted the US Federal Reserve (Fed) has dropped any reference to inflation as &quot;transitory,&quot; with the central bank instead acknowledging that price increases had exceeded its 2 per cent target &quot;for some time.&quot;</p>
<p>
&ldquo;Build up to first Fed meeting has already seen sharp correction in equity prices and rise in treasury yields in the US,&rdquo; the report said. &nbsp;</p>
The Ministry of External Affairs on Thursday condemned the pro-Khalistan slogans at a public event…
A delegation from India visited New Zealand from April 26 to April 27 to work…
Highlighting Chinese activities near Siachen Glacier, Ministry of External Affairs Spokesperson Randhir Jaiswal on Thursday…
India on Thursday rejected the report of the US Commission on International Religious Freedom that…
One person was killed and 20 others were injured in twin landmine blasts that shook…
The recent election held in Pakistan-occupied Kashmir has not brought any relief to the people…