What is International Women’s Day?
ANSWER:
International Women's Day (IWD) is a global day observed on March 8th every year, dedicated to celebrating the social, economic, cultural, and political achievements of women. It also marks a call to action for accelerating gender parity. IWD has been observed since the early 1900s, a time of great expansion and turbulence in the industrialized world that saw booming population growth and the rise of radical ideologies. The day brings attention to gender equality, women's rights, and the significant contributions women make to society, while also highlighting the ongoing struggles women face in the quest for gender equality. It is celebrated through rallies, conferences, performances, and educational initiatives aimed at fostering understanding and advocacy for women's rights and issues across the globe.
CATEGORY
How will the global economic environment in 2024 impact the banking industry?
ANSWER:
The banking industry in 2024 is expected to face challenges due to a slowing global economy and a landscape marked by higher interest rates, a reduced money supply, assertive regulations, climate change, and geopolitical tensions. Banks will need to navigate multiple disruptive forces while managing costs and generating income in new ways. Global inflation is predicted to decrease to 5.2%, with advanced economies experiencing tepid growth. The International Monetary Fund forecasts a world economy growth of no more than 3.0%, with India expected to see one of the strongest growth rates at 6.3%. On the other hand, China may experience an economic slowdown impacting global recovery efforts. Central banks globally are anticipated to fine-tune their monetary policies to address these issues, with varying approaches to interest rates across different countries.
