Washington, June 25 (IANS) The International Monetary Fund (IMF) on Thursday said the US economy continues to show solid momentum despite inflation remaining above the Federal Reserve’s target, backing the central bank’s decision to leave interest rates unchanged while cautioning that future policy moves should depend on incoming economic data. Speaking at a regular IMF press briefing, Julie Kozack, Director of the IMF’s Communications Department, said recent economic indicators pointed to conti…
Latest Labor Productivity News & Updates
New Delhi, June 13 (IANS) India’s services sector is among the most exposed to artificial intelligence‑driven productivity gains among the emerging economies, positioning the country to benefit from stronger GDP growth as AI adoption accelerates, a report said Saturday.The report from Equirus Economics said the current wave of AI adoption — concentrated in software-driven applications such as large language models (LLMs), generative AI tools, coding assistants and workflow automation systems…
New Delhi, June 6 (IANS) April and May high‑frequency indicators showed above‑average acceleration in growth and, if the trend continues in June, FY27 growth could surpass the Reserve Bank of India’s estimate of 6.6 per cent, a report said on Saturday.The report from SBI Research said, “Despite external headwinds, the Indian economy is poised to remain the fastest‑growing major economy in FY27 by leveraging its sound macroeconomic fundamentals and robust financial sector.”Further, “defla…