Page 6 - Latest Updates on Recession
Top Headlines: India-UAE trade deal; crude import basket at 10-month low
The price of the Indian basket of crude oil has hit a 10-month low of $88.6 a barrel in November, government data showed
 "Top Headlines: India-UAE trade deal; crude import basket at 10-month low")
In coming global recession, job cuts won't mean mass layoffs: Report
This time around, workers have a better-than-usual shot at holding onto their jobs if recession arrives
 "In coming global recession, job cuts won't mean mass layoffs: Report")
India-UK FTA:'Mustn't hurriedly wrap negotiations with artificial deadline'
UK India Business Council MD lists four "Ps" to explains why he is confident the deal will happen
 "India-UK FTA:'Mustn't hurriedly wrap negotiations with artificial deadline'")
Foreign direct equity investments from top-6 nations shrink in H1
After witnessing a robust growth for two years, foreign direct equity investments during April-September declined 14 per cent on year to $26.9 billion
 "Foreign direct equity investments from top-6 nations shrink in H1")
Recession unlikely in APAC region in coming year: Moody's Analytics
A recession is unlikely in the APAC region in the coming year, although the area will face headwinds from higher interest rates and slower global trade growth, Moody's Analytics said
 "Recession unlikely in APAC region in coming year: Moody's Analytics")
Job switches to fetch smaller salary hikes to tech talent, says report
The average salary hike on new jobs has fallen from 54 per cent in July and August to 45 per cent in September and 37 per cent in October
 "Job switches to fetch smaller salary hikes to tech talent, says report")
Oil prices rise as Saudi comments outweigh recession, China Covid concerns
Brent crude rose 37 cents, or 0.4%, to $87.82 by 0915 GMT. U.S. West Texas Intermediate (WTI) crude was up 46 cents, or 0.6%, at $80.50
 "Oil prices rise as Saudi comments outweigh recession, China Covid concerns")
UK starting to have second thoughts about Brexit as economy faces recession
More than six years after voting to leave the European Union, the UK is facing a prolonged recession and a deep cost-of-living crisis
 "UK starting to have second thoughts about Brexit as economy faces recession")
No prospect of recession in India, economy to grow at 6-7 pc: Rajiv Kumar
India will still grow at 6-7 per cent in the 2023-24 fiscal even as the economy may be affected by uncertain global conditions, former Niti Aayog Vice-Chairman Rajiv Kumar has said
 "No prospect of recession in India, economy to grow at 6-7 pc: Rajiv Kumar")
'Risk of recession' increased, expect to raise rates more: ECB's Lagarde
Lagarde said that the "risk of a recession" has increased, but that a downturn on its own won't be sufficient to tame soaring prices
 "'Risk of recession' increased, expect to raise rates more: ECB's Lagarde")
Britain is in recession, Hunt makes it official; windfall tax hiked to 35%
The tax burden would hit 37.1 per cent of GDP, its highest sustained level since World War Two
 "Britain is in recession, Hunt makes it official; windfall tax hiked to 35%")
US Federal Reserve official suggests substantial rate hikes may be needed
The Dow Jones Industrial Average was down about 330 points shortly before trading began
 "US Federal Reserve official suggests substantial rate hikes may be needed")
ECB warns of financial stability risks in euro area, warns of recession
Should the outlook deteriorate further, an increase in the frequency of corporate defaults cannot be excluded, particularly among energy-intensive companies
 "ECB warns of financial stability risks in euro area, warns of recession")
Technical recession has become more likely, says European Central Bank
A technical recession is two or more consecutive quarters of declining economic output
 "Technical recession has become more likely, says European Central Bank")
What's worrying S Naren when it comes to equity markets?
Fear of recession is forcing tech giants to tighten their purse strings. But, markets back home look unperturbed by it. What does S Naren, Executive Director and CIO at ICICI Pru AMC, think of this?
 "What's worrying S Naren when it comes to equity markets?")
Most European Union countries set to slide into recession in Q4: Gentiloni
The European Commission's autumn forecast predicted falling economic output in the last three months of this year and the first months of 2023
 "Most European Union countries set to slide into recession in Q4: Gentiloni")
Recession, climate change, Ukraine war: Kant lists challenges before G20
The former Niti Aayog chief executive said that climate change was another big crisis that the world faced, impacting larger nations, as well as threatening to submerge smaller island nations
 "Recession, climate change, Ukraine war: Kant lists challenges before G20")
Austrian theory of business cycle is key to explain upcoming Recession
One reason the current economic situation is so fraught is that world is facing 3 kinds of business-cycle mechanisms at the same time. First 2 are well-known, but the third - Austrian theory is not
 "Austrian theory of business cycle is key to explain upcoming Recession")
India in a sweet spot despite global fears of recession: IDFC AMC CEO
'Conditions are ripe for a private capital expenditure cycle over the next few years'
 "India in a sweet spot despite global fears of recession: IDFC AMC CEO")
Bank of England warns of longest recession in 100 yrs after 3% rate hike
A 0.75 per cent increase, the latest in a series of eight interest rate rises since last year, would not be enough to guarantee victory in the war against double-digit inflation: Bank of England
 "Bank of England warns of longest recession in 100 yrs after 3% rate hike")
