Page 24 - Latest Updates on Recession
Brexit impact: UK avoids recession scare with 0.3% growth in Sep quarter
The technical definition of a recession is two straight quarters of negative growth.
 "Brexit impact: UK avoids recession scare with 0.3% growth in Sep quarter")
IT firms may shed 5-10% mid-level workforce, focus on digital: Infy ex-CFO
On the prospects of IT services companies in 2020, he said all the global economies seem to be stable and there are no fears of recession.
 "IT firms may shed 5-10% mid-level workforce, focus on digital: Infy ex-CFO")
Five-months of relentless anti-govt protests push Hong Kong into recession
Hong Kong's Financial Secretary said, the city is unlikely to achieve annual economic growth this year
 "Five-months of relentless anti-govt protests push Hong Kong into recession")
World economy needs intellectual revolution to get out of low-growth trap
Modern policy makers operate in a world of radical uncertainty. They simply do not know what might happen next - and under these conditions, economic models need to be seen in a new light
 "World economy needs intellectual revolution to get out of low-growth trap")
FPIs pull out over Rs 6,200 cr in Oct so far as global recession fears loom
Overseas investors were net buyers in the preceding month and had infused a net sum of Rs 6,557.8 crore in the domestic capital markets (both equities and debt), according to the data.
 "FPIs pull out over Rs 6,200 cr in Oct so far as global recession fears loom")
As IMF sees global recession on horizon, here are the signs to look out for
In the April 2009 study, its economists decided that declining per-capita GDP was the main indicator to monitor recession
 "As IMF sees global recession on horizon, here are the signs to look out for")
Value of downgraded debt trebles to Rs 1.38 trn in H1 of FY20: Crisil
Jewellery, garments, construction bear brunt of downgrades as slowdown, sharp fall in consumption demand, slower govt spending weigh
 "Value of downgraded debt trebles to Rs 1.38 trn in H1 of FY20: Crisil")
Trade war damage piles weight onto consumers, fans global recession fears
Morgan Stanley economists are already warning that American consumers are all that stand in the way of a US contraction
 "Trade war damage piles weight onto consumers, fans global recession fears")
Gold crosses Rs 40,000-mark for the first time on recession fears
Fresh buying by jewellers ahead of the festive season also aided the rally in the precious metal
 "Gold crosses Rs 40,000-mark for the first time on recession fears")
Deepening manufacturing slump puts Germany on the brink of recession
Economic momentum has stalled for the past year, and there are few signs the situation will improve any time soon
 "Deepening manufacturing slump puts Germany on the brink of recession")
G-7 is well timed to fight recession but leaders unlikely to act
The UK, like Germany, is at risk of slipping into a recession after recent data showed a second-quarter 0.2 per cent decline in gross domestic product
 "G-7 is well timed to fight recession but leaders unlikely to act")
Hong Kong turmoil could trigger world recession, warns Harvard economist
The academic's warning comes days after Federal Reserve Bank of Boston President Eric Rosengren said Hong Kong's crisis is on his global worry list
 "Hong Kong turmoil could trigger world recession, warns Harvard economist")
GDP growth to slow in Apr-Jun quarter to 5.7% on weak consumption: Nomura
India's economic growth slowed to 6.8% in 2018-19 - the slowest pace since 2014-15
 "GDP growth to slow in Apr-Jun quarter to 5.7% on weak consumption: Nomura")
Trump looking at possible tax cuts, asset sale amid economic recession fear
Trump dismissed fears of a slowdown, extolling low unemployment and a rising stock market over his tenure
 "Trump looking at possible tax cuts, asset sale amid economic recession fear")
As signs of US recession grow, should global investors be worried?
Do not let talk of yield curve inversion and impending recession spook you
 "As signs of US recession grow, should global investors be worried?")
World closer to first recession in a decade as trade war fears spread
While tight labour markets globally and the recent shift by central banks should provide a cushion, economists are starting to war-game for how a recession could happen
 "World closer to first recession in a decade as trade war fears spread")
Wall St sinks as US bond market stokes recessionary fears, spooks investors
The drop in yields also reflected a jump in expectations that the Federal Reserve would cut key borrowing costs three more times by year-end
 "Wall St sinks as US bond market stokes recessionary fears, spooks investors")
From yield curve to labour signs: Tips for spotting a recession in the US
The downward trend suggests "there's been a lingering caution on behalf of businesses"
 "From yield curve to labour signs: Tips for spotting a recession in the US")
Global recession likely late this year or next: Nobel Laureate Paul Krugman
Noting that the central banks often lack the tools available to insulate against market turmoil, Krugman said the planning for risk has been minimal
 "Global recession likely late this year or next: Nobel Laureate Paul Krugman")
Recessions aren't inevitable, and economists don't agree on their causes
Because economists don't know why recessions start, they can't predict when one will start
 "Recessions aren't inevitable, and economists don't agree on their causes")
