Page 14 - Recession
Morgan Stanley cuts India's FY23 GDP forecast to 7.2%
It sees downside risks emanating from a weaker than expected global growth trend, supply-side-driven commodity price shock and faster than warranted tightening of financial conditions
 "Morgan Stanley cuts India's FY23 GDP forecast to 7.2%")
Oil jumps 2% as soft dollar and tight supply offset recession concerns
Brent crude futures for September settlement rose $2.44, or 2.4%, to $103.60 a barrel by 0900 GMT, having advanced by 2.1% on Friday.
 "Oil jumps 2% as soft dollar and tight supply offset recession concerns")
Top Headlines: LIC's embedded value remains flat, FTP amendments, and more
LIC's Indian embedded value (IEV) grew marginally to Rs 5.41 trillion as of March 2022 compared with Rs 5.39 trillion as of September 2021
 "Top Headlines: LIC's embedded value remains flat, FTP amendments, and more")
Global recession fears may ease inflationary pressures: Govt report
Review released by ministry also said that global headwinds would continue to pose downside risk to growth as crude oil and edible oils, remain major imported components
 "Global recession fears may ease inflationary pressures: Govt report")
US inflation impact: Global recession fears to cool WPI inflation in India
Impact on CPI inflation to come later, rupee depreciation to negate some of this impact
 "US inflation impact: Global recession fears to cool WPI inflation in India")
Dollar ascendant as CPI stokes Fed bets; Aussie jumps on strong jobs
The dollar resumed its relentless rise on Thursday, driven by both expectations for faster Federal Reserve policy tightening and safe-haven flows amid growing fears of a recession
 "Dollar ascendant as CPI stokes Fed bets; Aussie jumps on strong jobs")
With rupee at new low, Indian bonds may be worst hit if recession grips US
Indian bonds have declined in tandem with a slide in the rupee. The currency is now hovering close to a record low against the dollar as elevated commodity prices stoke inflation and boost the subsidy
 "With rupee at new low, Indian bonds may be worst hit if recession grips US")
World faces increasing risk of recession in next 12 months, says IMF
The commodity price shock from the war in Ukraine had exacerbated the cost-of-living crisis for hundreds of millions of people, Kristalina Georgieva said and it was 'only getting worse'
 "World faces increasing risk of recession in next 12 months, says IMF")
IMF has warned that a long downturn is happening. But is anyone listening?
The IMF has not minced any words when it comes to fiscal policy. It has always advocated tight control over the political inclination to spend now and let someone else worry about the future
Investors brush aside tariff, margin concerns for SRF; stock rebounds
The stock has been under pressure on concerns related to the demand, its ability to sustain margins, and increased competitive pressures due to policy decisions
 "Investors brush aside tariff, margin concerns for SRF; stock rebounds")
Understanding inflation in the US
Lessons from economics and history need to be applied appropriately by the public authorities to the changing situations
Solid US economy can handle rising interest rates, says Fed's Bullard
The US economy is healthy and shows little sign of an imminent recession, and can withstand higher interest rates, St Louis Federal Reserve president James Bullard said Monday.
 "Solid US economy can handle rising interest rates, says Fed's Bullard")
World shares mostly lower as Covid outbreak, recession fears loom
US futures and oil prices declined, while Japan's benchmark rallied after the ruling Liberal Democratic Party garnered a landslide parliamentary election victory
 "World shares mostly lower as Covid outbreak, recession fears loom")
Recession angst spurs pivot to emerging world's growth engines
Central Asia and Asia Pacific are the only two regions in emerging markets handing local-currency bond investors positive returns this month, according to a Bloomberg index
 "Recession angst spurs pivot to emerging world's growth engines")
A major recession in developed countries is unlikely: AIIB chief economist
We will have inflation at an elevated level for some time, says AIIB chief economist Erik Berglof
 "A major recession in developed countries is unlikely: AIIB chief economist")
June equity MF inflows drop 16% MoM to Rs 15,498 cr due to volatility
The figure is 18% below monthly average for the year; However, sustained inflows into SIPs endured for 16th straight month
 "June equity MF inflows drop 16% MoM to Rs 15,498 cr due to volatility")
Oil dips as investors torn by tight supply worries and recession fears
Oil prices slipped in early Asian trade after a rebound in the previous session, as investors remained torn between worries over tight global supplies and fears a recession could dampen demand
 "Oil dips as investors torn by tight supply worries and recession fears")
IMF Chief Kristalina says cannot rule out possible global recession
The IMF is expected to release its updated forecast for 2022 and 2023 in late July, after slashing its forecast by nearly a full percentage point in April
 "IMF Chief Kristalina says cannot rule out possible global recession")
Sri Lanka increases key interest rates to 21-year high to fight inflation
In an effort to fight inflation due to the ongoing economic crisis, the Monetary Board of the Central Bank of Sri Lanka's decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 100 basis points to 14.50 per cent and 15.50 per cent, respectively.
 "Sri Lanka increases key interest rates to 21-year high to fight inflation")
Recession is the best time to invest; put money now: Trideep Bhattacharya
The first six to nine months of this year (till July or August) will see more volatility, and money making would be difficult, says the CIO-Equities of Edewleiss AMC
 "Recession is the best time to invest; put money now: Trideep Bhattacharya")
