Page 22 - Latest Updates on Recession
Coronavirus outbreak, recession cloud credit quality outlook, says CRISIL
Moody's, too, revises outlook on Indian banks to negative
 "Coronavirus outbreak, recession cloud credit quality outlook, says CRISIL")
Currency conundrum
RBI has done well to contain excess volatility
 "Currency conundrum")
Asia's factory activity in March contracts sharply on coronavirus fallout
Japan's factory activity contracted at the fastest pace in about a decade in March, adding to views that the world's third-largest economy is likely already in recession
 "Asia's factory activity in March contracts sharply on coronavirus fallout")
Coronavirus impact: India and China may escape global recession, says UN
With two-thirds of the world's population living in developing countries facing unprecedented economic damage from the Covid-19 crisis, the UN is calling for a $2.5 trillion a rescue package
 "Coronavirus impact: India and China may escape global recession, says UN")
Covid-19: Recession for world economy; India, China likely exceptions: UN
The report did not give a detailed explanation as to why and how India and China will be the exceptions as the world faces a recession and loss in global income that will impact developing countries
 "Covid-19: Recession for world economy; India, China likely exceptions: UN")
JPMorgan says the market rout is probably past its worst now
Coronavirus infection rates remain a 'wild card' as they remain high even if they're 'slowing' in the US and Europe
 "JPMorgan says the market rout is probably past its worst now")
Coronavirus impact: Recession in Germany unavoidable, say economic advisors
Germany will not ease measures to prevent the spread of coronavirus before at least April 20, Chancellor Angela Merkel's chief of staff said
 "Coronavirus impact: Recession in Germany unavoidable, say economic advisors")
The Morning After
Policy interventions will have to be intelligent: Striving to create deep, but temporary, safety nets during COVID-19 without generating imbalances and distortions thereafter
 "The Morning After")
World coronavirus dispatch: US crosses 100,000 cases; jobs cuts fear global
Read in today's global Covid-19 digest: Horde among machine makers to produce ventilators; world's richest footballers in for a pay cut; Apple's dedicated Covid-19 screening app; and more
 "World coronavirus dispatch: US crosses 100,000 cases; jobs cuts fear global")
With 75% economy under lockdown, analysts see sharp fall in GDP
Even when the lockdown period ends, it will take time for the economy to be fully up and running. The public fear factor, analysts feel, will still result in below-normal activity for a few months
 "With 75% economy under lockdown, analysts see sharp fall in GDP")
Exceptional crisis, exceptional responses
Exceptional circumstances are sometimes the catalyst for exceptional leaders to emerge; they can also be extremely harsh for those who fail the leadership test.
 "Exceptional crisis, exceptional responses")
Covid-19 causing severe damage, this recession may be worse than 2009: IMF
As much of the world faces mass shutdowns, Georgieva warned the outlook for global growth in 2020 "is negative -- a recession at least as bad as during the global financial crisis or worse.
 "Covid-19 causing severe damage, this recession may be worse than 2009: IMF")
Stock market rout: Is now the time to bottom fish large-cap stocks?
Over half the CNX100 stocks still expensive; Nifty, too, in higher valuation zone compared to 2008-09
 "Stock market rout: Is now the time to bottom fish large-cap stocks?")
FPIs pull out over Rs 1 trn in March as coronavirus sparks recession fear
Experts believe foreign investors are withdrawing from riskier assets and are opting for safe heavens like dollar-denominated asset classes and gold
 "FPIs pull out over Rs 1 trn in March as coronavirus sparks recession fear")
India Inc rules out cut in jobs and salaries amid coronavirus outbreak
The salary and job cuts are likely in the high-risk services sector, including airlines, hotels, malls, multiplexes, restaurants, and retailers
 "India Inc rules out cut in jobs and salaries amid coronavirus outbreak")
Markets rise on stimulus hopes; Sensex up 1,628 pts, Nifty ends above 8,700
To avert a global recession, most central banks have announced measures worth trillion of dollars.
 "Markets rise on stimulus hopes; Sensex up 1,628 pts, Nifty ends above 8,700")
Covid-19: US headed towards recession, but Silicon Valley still optimistic
A total of 218 people have died in the US due to the fast-spreading coronavirus pandemic
 "Covid-19: US headed towards recession, but Silicon Valley still optimistic")
Coronavirus pandemic to leave behind a global recession: Anand Mahindra
Apart from the toll on lives, the legacy of Covid-19 may well be deaths due to stress, loss of livelihoods, a rise in homelessness and in extreme situations, civil unrest, he added
 "Coronavirus pandemic to leave behind a global recession: Anand Mahindra")
Are we heading towards a global recession? Here's what top brokerages say
Analysts fear that the impact this time would be deeper than that of the 8-month long economic downturn in 2001 and the one in early 1990s
 "Are we heading towards a global recession? Here's what top brokerages say")
Coronavirus wrap: Trains cancelled, French Open deferred, recession feared
The coronavirus pandemic upset a range of things on Tuesday - from deferred sport championships to cancelled trains in India. Here is a look at all you must know
 "Coronavirus wrap: Trains cancelled, French Open deferred, recession feared")
