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Page 7 - Latest Updates on Recession

Canadian govt warns that the country might enter mild recession in 2023

The Department of Finance has developed a "downside scenario" that considers the impact of more persistent inflationary pressures and further tightening in monetary policy

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Updated On : 04 Nov 2022 | 8:23 AM IST
Updated On : 03 Nov 2022 | 11:35 PM IST

Clock ticking for private equity firms to spend through tougher times

The shift is profound for an asset class that for more than a decade was flooded with cash from investors hunting yield in a low-interest rate environment

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Updated On : 31 Oct 2022 | 4:35 PM IST

UK in recession? Feels pinch of biggest interest rate hikes in 33 years

Economists and investors expect the UK central bank to raise its benchmark lending rate by three-quarters of a percentage point to 3 per cent on November 3

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Updated On : 31 Oct 2022 | 12:26 AM IST

What long-term stagnation of global economy means for climate change

The global economy has been trapped in a state of relative stagnation in rates of growth, productivity, investment, and profitability since at least the 2008 financial crisis

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Updated On : 30 Oct 2022 | 12:00 PM IST

Crypto wrap: Markets rally on expectation of softer stance from US Fed

Bitcoin crossed the $ 20,000 mark, and Ethereum was above the $ 1,500 mark for the first time since it concluded "Merge" in September

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Updated On : 28 Oct 2022 | 4:16 PM IST

Apple's revenue, profit up despite slowing economy; not immune to recession

Apple managed to boost its sales, profit during summertime quarter that depressed fortunes of many major tech companies, but that doesn't necessarily mean it will be immune to a potential recession

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Updated On : 28 Oct 2022 | 7:30 AM IST

Global economy approaching a recession, central banks unchained: Poll

The global economy is approaching a recession as economists cut growth forecasts for key economies while central banks keep raising interest rates to bring down persistently-high inflation

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Updated On : 26 Oct 2022 | 8:32 AM IST

Embassy REIT to invest Rs 2,200 cr in 4 yrs to develop new office buildings

Embassy Office Parks REIT will invest around Rs 2,200 crore in the next four years to develop premium workspaces as it sees tremendous growth potential in office market despite recessionary concerns

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Updated On : 25 Oct 2022 | 3:26 PM IST

Recession could last until 2024, says Musk after remark on China, Europe

Tesla CEO said he thinks a recession will last until the spring of 2024, after earlier saying "a recession of sorts" in China and Europe was weighing on demand for its electric cars

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Updated On : 21 Oct 2022 | 12:15 PM IST

Bearish bets on Asian FX stay firm on towering dollar, slowdown fears: Poll

Bearish bets on Asian currencies stayed firm due to the unrelenting strength of the US dollar, as ultra-hawkish posturing by most central banks globally stoked fears of recession, a poll showed

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Updated On : 20 Oct 2022 | 2:55 PM IST

Global copper market to have a surplus of 155,000 tonnes in 2023, says ICSG

Three-month copper on the London Metal Exchange was trading around $7,363 a tonne on Wednesday having declined more than 30% on growing recession fears since scaling a record peak of $10,845 in March

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Updated On : 19 Oct 2022 | 6:46 PM IST

Oil prices steady today on US dollar weakness; recession fears weigh

Oil prices steadied in early Asian trade as a weaker US dollar lent support

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Updated On : 18 Oct 2022 | 9:12 AM IST

Asia stocks rise as relief rally builds after UK U-turn on fiscal policy

Asia stocks nudged higher as the dramatic U-turn in British fiscal policy brightened investor sentiment, while the US dollar took a breather at its lowest levels in more than a week

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Updated On : 18 Oct 2022 | 9:11 AM IST

Top Headlines: Diesel car cost likely to rise, recession in 2023, and more

Indian CEOs are expecting a decline in growth prospects of companies and the country, but are expecting to bounce back in the short-term, a report said

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Updated On : 18 Oct 2022 | 8:15 AM IST

66% CEOs in India expect recession in 2023; layoffs on the cards

Eighty-six per cent CEOs in India, compared to 71 per cent CEOs globally, predict that a recession will impact company earnings by up to 10 per cent over the next 12 months.

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Updated On : 18 Oct 2022 | 8:50 PM IST

TN taking steps to withstand possible recession: State finance minister

"Governance is akin to playing a game of chess, where you have to plan at least two-three moves ahead. We plan things ahead for next six months as well as two years ahead," he said.

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Updated On : 17 Oct 2022 | 8:21 PM IST

58% of CEOs in India expect a recession to be mild and short: KPMG survey

66 per cent CEOs in India compared to 86 per cent globally anticipating a recession to hit over the next year

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Updated On : 17 Oct 2022 | 7:41 PM IST

Oil prices steady as recession fears counter positive Chinese signals

Oil prices were steady on Monday as China's continuation of loose monetary policy was offset by fears that high inflation and energy costs could drag the global economy into recession

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Updated On : 17 Oct 2022 | 4:12 PM IST

Despite global headwinds, Indian economy will stay on course: Sitharaman

The Indian economy will stay on course despite global headwinds and is projected to grow at seven per cent in fiscal 2022-23, Finance Minister Nirmala Sitharaman has said

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Updated On : 15 Oct 2022 | 9:27 AM IST