Page 18 - Recession

Cafe Coffee Day withdraws a lot of vending machines from customer locations

This comes as pandemic took a toll on demand.

Global economy expected to expand 5.6% in 2021, says World Bank

This would be the fastest post-recession pace in 80 years

The Covid-19 pandemic trauma has changed economics, maybe forever

The Great Recession that followed the crash of 2008 had already triggered a rethink

EU economy to expand, bouncing back from coronavirus pandemic crisis

European Union economy is set to bounce back strongly this year after the deep coronavirus recession and member states are forecast to have recouped the ground lost by the end of next year

Recession risk looms as Japan eyes state of emergency to contain pandemic

A renewed state of emergency would also cast doubt on whether Tokyo can host the Olympics in July, despite Prime Minister Yoshihide Suga's assurances it will proceed as planned

Q3 GDP growth number: Covid-driven recession over, double dip ahead

GDP is implicitly projected by NSO to slip back into contraction of 1.1% in Q4FY21. This appears to be an outcome of the back-ended release in the Govt's subsidies that is on the anvil in Q4

India looks set to beat recession even as new coronavirus cases loom

India will become one of the few major economies to post growth in the last quarter of 2020, with any improvement in the economy's performance inversely tied to a drop in Covid-19 infections

India's recession exit gains momentum on services, manufacturing

Official data on Friday is likely to show that India exited a recession in the final three months of 2020, with economists in a Bloomberg survey forecasting a GDP expansion of 0.5% from a year ago

Swiss economy seen tipping into recession on Covid-19 pandemic shutdowns

The median forecast was for a 0.7 per cent drop in gross domestic product in the final quarter of 2020

US economy contracts in 2020; worst performance since 1946

The Federal Reserve on Wednesday left its benchmark overnight interest rate near zero

India's GDP to contract 8% in fiscal year 2021, says FICCI Survey

India's gross domestic product (GDP) is expected to contract by 8 per cent in 2020-21, according FICCI

World's economic recovery gets delayed by slow Covid-19 vaccine rollouts

Double-dip recessions are now expected in Japan, the euro area and UK

Pandemic-induced lockdowns boost household savings to 20-yr high: Report

Extra savings pegged at $200 billion, according to a foreign brokerage report

Diamond sector to cap revenue loss at 20%; to clock $15 bn this fiscal

Recovery in key export markets and pent-up demand are likely to arrest the decline in revenue of the country's diamond industry

Will the bull keep running?

The global setting is perfect for equities, but investors should have one eye on factors that could rattle the markets

Sri Lankan Central Bank projects 3.9% economic contraction due to Covid

The Central Bank of Sri Lanka on Monday projected an economic contraction of 3.9 per cent for the financial year 2020 due to the Covid-19 pandemic

Power consumption grows 6.1% in December, official data shows

India's power consumption grew by 6.1 per cent to 107.3 billion units (BU) in December, showing spurt in economic activities, according to official data

India's April-November fiscal deficit tops 135% of full-year target

Net tax receipts were 6.88 trillion rupees, while total expenditure came to 19.06 trillion rupees

2020 The Year That Was: Creating jobs will be the hardest task in 2021

The biggest worry is not the shrinking of the labour market, but the collapse of good jobs

Oil drops as new coronavirus strain revives demand fears

Detection of the new strain in the UK prompted several countries to close their borders to it