December 5, 2023
Indian IT majors see a dip in headcount amidst macroeconomic headwinds Indian IT firms count themselves as a major employer of engineering graduates in the country, especially top firms such as Tata Consultancy Services (TCS), Infosys and Wipro. However, with the release of their quarterly results, one thing is clear—IT companies are witnessing a drop
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Last month, a group of center-right policy experts and commentators released a statement of principles affirming the traditional values of American conservatives. Calling themselves “Freedom Conservatives,” they reaffirmed “the distinctive creed that made America great: that individual liberty is essential to the moral and physical strength of the nation.” Both the progressive left and nationalist
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Macro environment for India IT companies remains weak as global clients shrink their wallets and competition for existing deals in the market becomes increasingly fierce, company executives said as the first quarter of the fiscal year draws to a close. HCLTech CEO C Vijayakumar said fiscal 2024 could be a “challenging year” for growth, according
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The Maharlika Investment Fund (MIF) will not have a negative impact on the national budget, Finance Minister Benjamin Diokno said on Friday. “The budget provides from 5.0 to 6.0 percent of infrastructure spending. If our PPP (public-private partnership) and Maharlika aspirations come true, we can easily count on 10 to 12 percent of GDP (gross
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CBO score: Note that in the table, the deficit reduction only starts from FY2024. The reduction is about 0.25 p.p. GDP in FY 2024, about 0.37 p.p. in fiscal year 2025. Macro impact? Compared to the lack of confrontation with the debt crisis, from bloomberg: The impact will peak later next year, with a 0.15%
READ MORETo Estimated risk per 04/19/2023 9:19:00 AM This is relevant today. From Federal Reserve staff in 2013 about the debt ceiling debate: Possible Macroeconomic Consequences of a Temporary Default on the Federal Debt. Excerpts: Key Considerations When Assessing the Consequences of a Debt Default • Such an event would be unprecedented.. Although other countries defaulted
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Today we are pleased to present a guest contribution from Laurent Ferrara (Professor of Economics at the Skema Business School in Paris and Director International Institute of Forecasters). The recent string of economic, financial and pandemic crises around the world has significantly shortened the forecast horizon of macroeconomic forecasts. At the heart of the Covid-19
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Christine de la Maisonneuve, Economist, Balazs Egert, Senior Economist, OECD, Dave Turner, Head of Macroeconomic Analysis, OECD. Originally published on VoxEU. The COVID-19 pandemic has led to partial or complete school closures in almost every country in the world. On average across OECD countries, school buildings were completely closed for 13 weeks and partly closed
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Chennai and USA SaaS company Chargebee will cut 10% of its workforce in response to tighter market conditions marked by a recession in the North American market, higher inflation and a growing need for venture capital-backed companies to accelerate their path to profitability. Acceleration and the Tiger Global-backed company told ET that 142 employees would
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