Reuters polls indicate escalating economic risks across the U.S., Mexico, and Canada due to the chaotic implementation of U.S. tariffs, creating uncertainty for businesses and policymakers. The surveys highlight rising U.S. inflation risks and mounting recession risks for all three nations. Economists express difficulty in forecasting economic conditions due to the unpredictable nature of tariff announcements.
Canada's unemployment rate remained steady at 6.6% in February, with a marginal increase of 1,100 jobs. This contrasts sharply with the previous month's significant job additions. The data suggests that uncertainty surrounding U.S. tariffs may be impacting companies' hiring decisions.
India's Supreme Court has requested a response from Gautam Adani's conglomerate regarding allegations of unfairly winning a bid to redevelop Mumbai's Dharavi slum. A competing Dubai-based consortium has offered to increase its bid. The court acknowledged that the awarded contract is subject to the case's outcome.