Page 4 - Latest Updates on Recession
Inflation eases slightly to 10.5% in Dec: UK national statistics office
The annual inflation rate for transport was 6.9 per cent in December, down for a sixth consecutive month, and the main driver behind the easing came from motor fuels, the ONS said
 "Inflation eases slightly to 10.5% in Dec: UK national statistics office")
Belying slowdown fears, Indian economy's animal spirits move to the right
Prices of finished products rose as firms passed on higher input costs and business expenses
 "Belying slowdown fears, Indian economy's animal spirits move to the right")
India's capex spending likely to slow on lower tax haul, global recession
Analysts say that as recessionary woes spread globally, India's tax collections and asset sales are likely to fall.
 "India's capex spending likely to slow on lower tax haul, global recession")
What are PM, FM hiding: Cong leader Jairam on Rane's 'recession' remark
What are PM and FM hiding from the country, Congress leader Jairam Ramesh asked on Tuesday after Union minister Narayan Rane's remarks indicating that India may face an economic slowdown after June
 "What are PM, FM hiding: Cong leader Jairam on Rane's 'recession' remark")
US interest rate-cut expectations have yellow metal shining bright
Mild recession, low inflationary pressures in the US and a stronger rupee would act as headwinds
 "US interest rate-cut expectations have yellow metal shining bright")
Recession likely this year; India may benefit from global trends: WEF
A third of respondents consider a global recession to be unlikely this year
 "Recession likely this year; India may benefit from global trends: WEF")
Amid mass job cuts, Amazon HR staff turn from hiring to seeking jobs
Some Amazon.com Inc. employees are publicly posting that they are #OpenToWork on LinkedIn while still employed by the company
 "Amid mass job cuts, Amazon HR staff turn from hiring to seeking jobs")
A matter of governance: When independent directors call it quits midway
Most independent directors who quit do not explain why they are leaving before the end of their terms
 "A matter of governance: When independent directors call it quits midway")
Global PC demand down amid recession fears, steepest decline since mid-90s
For the entire year, PC shipments reached 286.2 million units in 2022, a 16.2 per cent decrease from 2021
 "Global PC demand down amid recession fears, steepest decline since mid-90s")
World Bank cuts 2023 economic growth forecasts, warns of global recession
Spillovers from a period of pronounced weakness in the US, China and the European Union are exacerbating other headwinds faced by poorer nations
 "World Bank cuts 2023 economic growth forecasts, warns of global recession")
Indian economy to grow at a robust 6.6% in FY24, says World Bank
'Limited spillovers' to Asia's third-largest economy, even as world 'perilously close' to recession
 "Indian economy to grow at a robust 6.6% in FY24, says World Bank")
Meta now 'rescinds' full-time employment offers amid recession fears
In October this year, recruiters made it clear to candidates worried about their Meta offers that these are safe, according to Orosz
 "Meta now 'rescinds' full-time employment offers amid recession fears")
Global economy may be entering a difficult era and economists are worried
The warnings of longer-term trouble come as investors are growing somewhat more hopeful of the Federal Reserve's ability to rein in sky-high inflation without causing a recession
Indian startups brace themselves for deepening funding winter in 2023
Indian startups, which saw a massive 35 per cent drop in funding in 2022 -- from $37.2 bn in 2021 to $24.7-- are bracing themselves for a deepening funding winter in 2023 as recession fears loom
 "Indian startups brace themselves for deepening funding winter in 2023")
IMF bullish on Indian economy despite signals of global downturn
IMF has shown optimism about the Indian economy, suggesting that real GDP is expected to grow at 6.8 per cent in the current fiscal while in 2023-24 it is estimated to grow at 6.1 per cent
 "IMF bullish on Indian economy despite signals of global downturn")
US hiring stays brisk as employers add 223,000 jobs in Dec: Labor dept
The unemployment rate remained fell to 3.5%, matching a 53-year low, the Labor Department said Friday
 "US hiring stays brisk as employers add 223,000 jobs in Dec: Labor dept")
Software company Pegasystems to lay off 4% workforce amid recession fears
Software company Pegasystems is laying off 4 per cent of its over 6,000-strong workforce, as recession fears loom in 2023
 "Software company Pegasystems to lay off 4% workforce amid recession fears")
Recession will hit a third of world this year, warns IMF chief Georgieva
"We expect one-third of the worwill be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down.
 "Recession will hit a third of world this year, warns IMF chief Georgieva")
Not afraid of recession, demand for automation will go up: Verint CEO
Dan Bodner, Verint founder and CEO said that India has been amongst the top two contributors to the Asia-Pacific revenue of the New York-based analytics company and will continue to expand
 "Not afraid of recession, demand for automation will go up: Verint CEO")
World economy is headed for recession in 2023 amid rate hikes: Research
That institution warned in October that more than a third of the world economy will contract and there is a 25% chance of global GDP growing by less than 2% in 2023
 "World economy is headed for recession in 2023 amid rate hikes: Research")
