GDP

From an enterprise perspective, transformation to hybrid cloud and upgrades of existing infrastructure to handle increased workloads will provide growth impetus after a pause during the COVID-19 pandemic, says Counterpoint Research's 'Global Server Sales Tracker'. 5G, automotive, cloud gaming and high-performance computing will remain the key drivers for cloud service providers in data centre expansion.

Economic recovery is likely to continue but at a "considerably more subdued pace" than previously projected, the bank said in a statement on Friday. Uncertainty about future economic developments was "exceptionally high" due to the Russia-Ukraine war, reports Xinhua news agency. In the first quarter of 2022, Germany's economy barely grew by 0.2 per cent quarter-on-quarter, according to the Federal Statistical Office (Destatis).

The latest forecasts imply that UK's GDP could fall by nearly 1 per cent in the final quarter of this year, when the energy price cap is lifted again, taking inflation to 10 per cent this autumn. The next year looks alarmingly weak too. The Bank of England (BoE) has cut its growth forecast for 2023 to show a contraction of 0.25 per cent from a previous estimate of 1.25 per cent growth, The Guardian reported.

Together, they represent 40 per cent, or $7.2 trillion, of annual gross domestic product for the world's second-largest economy, according to data from Nomura Holdings, CNN reported. Analysts are ringing warning bells, but say investors aren't properly assessing how serious the global economic fallout might be from these prolonged isolation orders.

The country's economy is expected to grow 3.1 per cent in 2022, compared to 4.7 per cent based on previous estimate, according to a press briefing from Italian Prime Minister Mario Draghi, and Economy and Finance Minister Daniele Franco. For 2023, the government expects a growth rate of 2.4 per cent, down from a previous target of 2.8 per cent, Xinhua news agency reported.

The annual inflation rate in Germany is expected to rise to 5.8% in 2022, the highest since the country's reunification more than 30 years ago, according to the institute's "Spring Forecast". The Ukraine crisis "delays the return to pre-Covid-19 levels into the second half of the year" and is "putting a noticeable strain on the German economy and increases the already strong inflationary pressure", Xinhua news agency quoted IfW Kiel.

India's economy which is already reeling under inflationary pressure, now faces an ever increasing risk of stagflation. The economic trend of stagflation is marked by rising inflation and stagnant GDP growth. The trend is expected to accelerate the pace of inflation in coming months.

Sensex was 1.6 per cent or 921 points down at 55,326 points, whereas Nifty 1.4 per cent or 232 points down at 16,562 points. Lower than expected GDP growth during Q3FY22 also weighed on the investors sentiment.

FRL owes Reliance towards this working capital support. In August 2020, the Boards of FRL and other Future companies and RRVL approved the Scheme of Arrangement for the transfer of retail and logistics business of the Future Group to RRVL on a slump sale basis for an aggregate consideration of Rs 24,713 crore. Future Group was in acute financial difficulty and stress. FRL had defaulted in payment of dues to its creditors and landlords.

Global trends surrounding the evolving Russia-Ukraine crisis as well as key domestic macro-economic data points will set the course for the Indian equity market's trajectory in the coming week. Besides, investors will watch out for fluctuations in crude oil prices and currency movements. These global trends are also expected to influence the direction of FIIs' funds which will, in turn, have an overall bearing on the market sentiment.