Moody's slashes 2026 India growth forecast to 6%
Moody's has cut India's GDP growth forecast for 2026 and 2027 to 6%, down 0.8 and 0.5 percentage points respectively, citing high energy costs, weaker consumption, and Strait of Hormuz disruptions. India's 90% energy import dependency makes it among Asia-Pacific's most exposed economies to the ongoing US-Iran standoff.
1mo ago · 4 min · Economy
U.S. gas prices top $4.50 a gallon, highest since 2022
U.S. gasoline prices have surpassed $4.50 a gallon, the highest level since 2022. That adds direct cost pressure on household budgets and could push broader inflation higher through rising transport and logistics expenses.
1mo ago · 2 min · Economy
Oil firms selling petrol at ₹14 a litre loss, diesel at ₹18
Indian state-run oil companies are selling petrol at ₹14 per litre below cost and diesel at ₹18 below cost. The West Asia crisis has pushed energy prices higher, adding an expected ₹80,000 crore loss on LPG for the current fiscal year. A price hike, budget support, or mounting company losses are the likely outcomes to
2mo ago · 1 min · Economy
Gas prices jump to highest level since July 2022 as oil hovers near $110
Gas prices have risen to their highest point since July 2022 as oil trades near $110 per barrel. The surge raises fresh inflation concerns and puts direct pressure on household budgets and transport costs. Sustained prices at this level could weigh on consumer spending and complicate monetary policy decisions.
2mo ago · 1 min · Economy
IMF Warns Of Potential Global Recession Amid High Oil Prices
The IMF has issued a warning that persistently high oil prices could push the global economy into recession. The alert raises systemic risk concerns for energy-importing nations, manufacturers, and central banks navigating inflation-growth trade-offs. Formal forecast revisions from the IMF would be the next significant
2mo ago · 1 min · Global Affairs
US import prices increase below expectations; sharp rise anticipated due to Iran war
US import prices rose less than expected in the latest period, offering a brief reprieve from input cost pressure. Analysts anticipate a sharp increase ahead, driven by the Iran conflict's expected disruption to energy costs and global shipping routes.
2mo ago · 1 min · Economy
Emerging Market Outlooks Tilt Negative As Iran War Strains Economies, Fitch Warns
Fitch Ratings has flagged a negative tilt in emerging market outlooks, linking the Iran conflict to rising energy costs, currency weakness, and tighter capital market access. Energy-importing sovereigns and dollar-indebted corporates face the highest pressure, with rollover risk rising for those with near-term
2mo ago · 1 min · Global Affairs
TSMC warns higher gas prices amid Middle East conflict could impact profit
TSMC warned that higher gas prices stemming from Middle East conflict could negatively impact its profitability. As the world's leading chipmaker, its cost signals carry broad implications for semiconductor sector margins. Energy cost trajectory and geopolitical escalation are the key variables to watch.
2mo ago · 1 min · Business