|
Click here to view this NewsLetter online
|
|
|
Wednesday,January 11 2023 [ Issue 1 January/ 2023 ]
|
|
World Bank: “Sharp Long-lasting Slowdown in 2023”
|
|
World finances are at a point of variation at the beginning of this year due to dramatic and drastic events of 2022. The diamond industry has stepped cautiously into the new year. The World Bank has proclaimed in its latest report that 2023 will be slow year with recession setting in. The highest divergence was prompted by the great combat of the central banks and if they tighten their hold more than required, the depression could get deeper and spread wider; however if they flip the case by stopping or inverting the hikes before inflation could be controlled ‘could leave the global economy teetering close to stagflation’ says WGS’s recently launched report, ‘Gold Outlook 2023: The global economy at a crossroads’; adding that historically gold responds positively to inflations.
According to the WGC, the interplay between inflation and central-bank intervention will be ‘key in determining the outlook for 2023 and gold’s performance. The global economy is projected to grow by 1.7% in 2023 and 2.7% in 2024. The sharp downturn in growth is expected to be widespread, with forecasts in 2023 revised down for 95% of advanced economies and nearly 70% of emerging market and developing economies.
Diamond Industry Offers Tributes to Heeraben Modi
As India’s Prime Minister, Narendra Modi's mother, Heeraben Modi ‘attains lotus feet’ members of the Bharat Diamond Bourse collectively offer homage
Members of the diamond trade at the Bharat Diamond Bourse mourn the passin
|
|
|
|
|
|  | | According to Adobe Analytics, online holiday sales rose by 3.5% year over year to $211.7 billion as compared to their earlier forecast of $209.7 billion. Discounts hit a record high during the season and persuaded deal-hungry |
read more ... |
|
| | |  | | Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latestGlobal Eco |
read more ... |
|
| | |  | | DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has announced that it achieved its best-ever year for new member company registrations, attractin |
read more ... |
|
|
| | |
|  | | Gemological Science International or GSI, one of the largest gemological organizations in the world and a global leader in diamond and jewellery certification, announced today that Monika Biernacka will join the organization |
read more ... |
|
| | |  | | Members of the diamond trade at the Bharat Diamond Bourse mourn the passing away of Heeraben Modi, mother of the Prime Minister of India Narendra Modi. Heeraben Modi was a centurian at 100 years when she expired. A condolence |
read more ... |
|
|
| | |  | | Lily James, Global Ambassador for The Natural Diamond Counciland Hollywood darling, dazzles on the red carpet draped in classic, glamorous natural diamonds fromHarry Winstonfor her red-carpet appearance at the80th Annual Gold |
read more ... |
|
| | |
|
|
|
|
|
|
Copyright 2015 - Office # 19, Ground Floor, Vasan Udyog Bhawan, Sun Mills Compound, Tulsi Pipe Road, Lower Parel (West) Mumbai, 400013 India India - All Rights Reserved. |  |
|
|
|
|
|
Advertisement 
|
|
|
|
