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Showing posts with the label Globalization

U.S. Economic Growth Slows Amid Tariff Pressures: A 2025 Outlook

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📉 U.S. Economic Growth Slows Amid Tariff Pressures: A 2025 Outlook As 2025 unfolds, the U.S. economy is showing signs of strain amid a global slowdown and heightened trade barriers. Here's a detailed look at the latest forecasts and implications based on insights from the OECD, Federal Reserve, and key market indicators . 📊 1. U.S. Growth Forecast Downgraded by OECD The Organisation for Economic Co-operation and Development (OECD) has revised the U.S. GDP growth forecast for 2025 to 1.6% , down from 2.8% in 2024 . The forecast for 2026 remains muted at 1.5% , reflecting persistent uncertainty driven by: Elevated trade barriers Reduced consumer spending power Sluggish business investment 💸 2. Tariffs Fueling Inflation & Trade Costs The average U.S. tariff rate has climbed to 15.4% , the highest level since 1938 . These tariffs have raised import costs, which are now being passed on to consumers: Projected consumer price inflation is expected to rise to...
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Economic Overhaul: Unraveling India's Journey through Liberalization, Globalization, and Privatization

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Introduction: India's economic landscape underwent a transformative overhaul in the early 1990s, marked by a series of liberalization, globalization, and privatization reforms. In this post, we'll explore the catalysts behind this paradigm shift, the key reforms implemented, and the lasting impacts on India's economy and society. 1. Catalysts for Change Balance of Payments Crisis: By the late 1980s, India faced severe balance of payments challenges, characterized by dwindling foreign exchange reserves, high inflation, and mounting external debt. The need for urgent economic reform became apparent as traditional policies proved inadequate to address the crisis. Global Economic Trends: The wave of economic liberalization and globalization sweeping across the world, led by countries like the United States and the United Kingdom, underscored the imperatives of embracing market-oriented policies and opening up to international trade and investment. 2. Liberalization: Opening t...
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