Soft landing of global economy is increasingly a possibility: Sitharaman

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Observing that better days are ahead primarily because of the coordinated action between countries and multilateral financial institutions, the finance minister at the same time sounded a note of caution that economies are not really picking up that much yet.

A soft-landing of the global economy, which has experienced tremendous stress over the past several years, is increasingly a possibility, Union Finance Minister Nirmala Sitharaman said Friday.

The largest sense which prevailed in the two-day discussions, both of the (International Monetary) Fund and also of the World Bank, is that there will be a soft landing.

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Category: BusinessFinance

Markets: IndiaChina

Topics: Finance minister Global economy Nirmala Sitharaman Sitharaman Economy

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Article Type: News Report

Published On: 2024-10-26 @ 06:38:57 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 808 words

Reading Time: 5 minutes read

Sentences: 36 lines

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