Page 8 - Latest Updates on Recession
India among very few standout performers in a world of uncertainties: FM
In a world of uncertainties, India is one of the very few standout performers, Nirmala Sitharaman said, a day after the IMF described the country as a bright spot in a global economy
 "India among very few standout performers in a world of uncertainties: FM")
India unlikely to be hit hard by global recession, says SBI chairman
The impact of a global recession, which is increasingly being feared by IMF and World Bank, is unlikely to be as pronounced in India as compared to other countries, SBI Chairman Dinesh Khara said
 "India unlikely to be hit hard by global recession, says SBI chairman")
Oil prices dip amid recession fears, weak demand but supply cuts support
Brent crude futures were down $1.49, or 1.6%, at $93.08 a barrel at 1330 GMT while U.S. West Texas Intermediate (WTI) crude futures fell $1.64, or 1.8%, to $87.47.
 "Oil prices dip amid recession fears, weak demand but supply cuts support")
Will IT stocks survive recession fears?
Despite a bleak global outlook, top Indian IT giants wrapped up their Q2 earnings in line with the Street's expectations. What do Q2 results indicate for the IT sector amid growing fears of recession?
 "Will IT stocks survive recession fears?")
The crises we choose: Global recession, war or energy?
The pandemic has increased the global extreme poverty rate from an estimated 8.4 per cent in 2019 to 9.3 per cent in 2020. But the rich country ecosystem is noticeably silent on this
World dangerously close to recession, warns World Bank President
World Bank President David Malpass on Thursday warned that the global economy is "dangerously close" to a recession and called for targeted support for the poor
 "World dangerously close to recession, warns World Bank President")
Oil prices slip as IEA warns of global recession, dented fuel demand
Brent crude futures fell 23 cents, or 0.3%, to $92.22 a barrel by 1349 GMT. U.S. West Texas Intermediate crude was down 52 cents, or 0.6%, at $86.75 a barrel
 "Oil prices slip as IEA warns of global recession, dented fuel demand")
Oil prices rise on tight supplies, as IEA warns of global recession
The IEA downgraded its oil demand growth estimates slightly for this year to 1.9 million bpd and by 470,000 bpd in 2023 to 1.7 million bpd
 "Oil prices rise on tight supplies, as IEA warns of global recession")
Recession fears mount as UK GDP falls 0.3% in Aug after 0.1% growth in July
The UK's gross domestic product (GDP) declined by 0.3 per cent in August, after growth of 0.1 per cent in July, the Office for National Statistics (ONS) has said
 "Recession fears mount as UK GDP falls 0.3% in Aug after 0.1% growth in July")
UK economy shrank in August, now on brink of recession: Report
Weakness in manufacturing and maintenance work in North Sea oil and gas fields contributed to a 0.3% fall in GDP from July, and the report also showed how a jump in inflation was hitting consumers
Oil down on strong dollar, worries about recession and hawkish Fed talk
Oil futures fell for a third day on Wednesday, as a stronger dollar and worries about weaker demand and rising interest rates
 "Oil down on strong dollar, worries about recession and hawkish Fed talk")
Despite recessionary trends… we're talking about 7% growth: Hiranandani
The real estate sector will sustain its growth momentum in this festival season, said Niranjan Hiranandani
 "Despite recessionary trends… we're talking about 7% growth: Hiranandani")
Attrition in IT companies likely to stay at 20% over recession fears
Tata Consultancy Services (TCS), in its quarterly results announced on Monday, said that the attrition in Q2FY23 was 21 per cent, it was 19.7 per cent in Q1FY23
 "Attrition in IT companies likely to stay at 20% over recession fears")
Oil prices fall more than 2% on account of recession and China Covid fears
Oil has dropped sharply on economic fears after surging earlier in 2022, when Brent came close to its record high of $147 as Russia's invasion of Ukraine added to supply concerns
 "Oil prices fall more than 2% on account of recession and China Covid fears")
LIVE: Mortal remains of Mulayam Singh Yadav consigned to flames in Saifai
A large sea of people chant 'Netaji amar rahein' as a vehicle carriedthe mortal remains of Samajwadi Party supremo
 "LIVE: Mortal remains of Mulayam Singh Yadav consigned to flames in Saifai")
JPMorgan CEO Jamie Dimon warns of global recession in 6-9 months
Runaway inflation, big interest rates hikes, the Russian invasion of Ukraine and the unknown effects of Fed's quantitative easing policy are among the indicators of a potential recession, Dimon said
 "JPMorgan CEO Jamie Dimon warns of global recession in 6-9 months")
Oil price steadies as supply tightness duels with recession fears
Brent crude futures for December settlement fell by as much as 1.1% but recovered to being down 17 cents, or 0.2%, at $97.75 a barrel by 1353 GMT
Oil falls as China demand concerns fuel recession fears
Economic slowdown in China, world's second-largest oil consumer, adds to rising concerns about possible global recession triggered by numerous central banks raising interest rates to combat inflation
UK shows labour market slowdown with recession concerns rising: Survey
As a result, vacancies and the number of people placed in roles both rose at the slowest pace in more than a year and a half
 "UK shows labour market slowdown with recession concerns rising: Survey")
IMF warns of higher recession risk and darker global outlook in 2023
IMF MD said the outlook for the global economy was darkening given the shocks caused by the Covid pandemic, Russia's invasion of Ukraine and climate disasters on all continents
 "IMF warns of higher recession risk and darker global outlook in 2023")
