The Economic Times

Downward revision of global GDP imminent amid West Asia crisis; inflation is likely to go up

Global economic growth is set for cuts. Inflationary pressures are expected to rise. Geopolitical tensions and supply disruptions are the main drivers. West Asia conflicts are impacting energy markets. This could lead to a renewed phase of global price instability. India is expected to show resilience. However, global trade and financial volatility pose risks.