Page 23 - Latest Updates on Recession
Coronavirus fear: Morgan Stanley, Goldman declare global recession underway
The outlook could darken even further if the virus lasts longer than anticipated, or wields greater economic pain -- given factories, schools, restaurants and shops are closing around the world
 "Coronavirus fear: Morgan Stanley, Goldman declare global recession underway")
Coronavirus may spark global recession; worst since 2001: Morgan Stanley
A BofA Securities' Fund Manager Survey for March suggests investor sentiment has collapsed on the back of the coronavirus, oil shock, recession, and debt default risk.
 "Coronavirus may spark global recession; worst since 2001: Morgan Stanley")
Oil sinks below $30 as recession fears weigh amid coronavirus pandemic
Brent crude slipped 1.5% to $29.57 a barrel at 1316 GMT, having earlier touched $29.44, the lowest since January 2016
 "Oil sinks below $30 as recession fears weigh amid coronavirus pandemic")
Coronavirus hurts markets again; RBI will do 'whatever it takes' for help
On Sunday, the US central bank slashed interest rates by 100 points to near zero and said it would boost its bond holdings by $700 billion
 "Coronavirus hurts markets again; RBI will do 'whatever it takes' for help")
Policy after COVID-19
Globally, economic policy could soon be in uncharted territory
 "Policy after COVID-19")
Recession risk calls for joint response, says UN chief Antonio Guterres
The pandemic had created a "real and growing risk of a global recession," the former Portuguese premier said
 "Recession risk calls for joint response, says UN chief Antonio Guterres")
Rupee sinks to fresh 17-month low over coronavirus, recession fears
Indian equity markets suffering their worst single-day losses and stock indices slipping into bear territory also hit the rupee sentiment
 "Rupee sinks to fresh 17-month low over coronavirus, recession fears")
Australia unveils $11-bn stimulus to curb Coronavirus, avert recession
Australia's economy had already been limping before the coronavirus hit -- with raging bushfires and drought slowing growth to a stall
 "Australia unveils $11-bn stimulus to curb Coronavirus, avert recession")
Facing recession, Europe expects stimulus measures from ECB ahead of meet
The world is facing a medical emergency that monetary and fiscal policy cannot fix, said Holger Schmieding, chief economist at Berenberg private bank
 "Facing recession, Europe expects stimulus measures from ECB ahead of meet")
Best of BS Opinion: Italy locks down, branded generics market, and more
From why analysing state Budgets can be a challenging exercise to how the success of fact-checkers lies in the failure of journalism, here's a selection of Business Standard Opinion pieces for the day
 "Best of BS Opinion: Italy locks down, branded generics market, and more")
Coronavirus outbreak: Govt suspends visas for three more countries
Dell advises work from home after employee tests positive; Mindtree, too, reports a case
 "Coronavirus outbreak: Govt suspends visas for three more countries")
That 1970s feeling
Next global recession could be around the corner and it may look a lot different from those that began in 2001 and 2008
 "That 1970s feeling")
Coronavirus cases in India cross 60; UNCTAD warns of global recession
The United Nations Conference on Trade and Development said the virus outbreak can cost global economy up to $2 trillion this year
How coronavirus outbreak is reshaping Italy's economy as recession looms
The country has already shed 4% of GDP in back-to-back recessions in the first two decades of the century, and recovery has been stalled for the last two years
South Africa slips into recession, pressure mounts on Prez Ramaphosa's govt
The weak performance adds pressure on President Cyril Ramaphosa's administration which has been struggling to keep his election pledge to revive economic activity
 "South Africa slips into recession, pressure mounts on Prez Ramaphosa's govt")
That recession everyone feared just got priced out by a record stock rally
Very big years in markets rarely come right before recessions
 "That recession everyone feared just got priced out by a record stock rally")
India impacted by global recession, will emerge from it, says Rajnath Singh
India's GDP growth slowed for the sixth consecutive quarter in the July-September quarter to 4.5 per cent as manufacturing slumped on low domestic consumption.
 "India impacted by global recession, will emerge from it, says Rajnath Singh")
Economy may have slowed, but there's no recession, and there won't be: FM
Replying to a discussion on the economic situation, Nirmala Sitharman reeled out numbers to compare UPA and NDA
 "Economy may have slowed, but there's no recession, and there won't be: FM")
Stark recession warning of inverted yield curve looks so last year
Global share prices also aren't indicating trouble ahead on the economic front
 "Stark recession warning of inverted yield curve looks so last year")
Art in the time of recession
What insiders wish for is a revival of interest in contemporary artists and their work; many who made a name for themselves before the 2008 crash have still to recover
 "Art in the time of recession")
