Page 20 - Recession

World Coronavirus Dispatch: 90% spike in infections among American kids

UK's first recession since 2009, France's champagne industry goes flat, How China controlled Coronavirus, and other pandemic-related news across the globe

Hard times here, jobs will be lost, says Sunak as UK plunges into recession

It marks the first time in 11 years that the UK has tipped into a recession, which is defined by two consecutive three-month periods of falling GDP

Argentina says it struck deal with creditors over $65 billion debt

Argentina said it would extend the original deadline of Tuesday for reaching a deal to August 24 to finalise it

Expectations worsen for Europe's Q2 earnings season over recession fears

Expectations for second-quarter corporate profits have deteriorated in Europe, according to Refinitiv data, as fears grow over the extent of the recession triggered by the coronavirus pandemic

European Central Bank survey points to shallower recession, strong rebound

The euro zone economy may contract less this year than the European Central Bank had forecast and its recovery could also be quicker, the bank's Survey of Professional Forecasters showed

Ben Bernanke writes: US has to help it states for economic recovery

Congress must act decisively to avoid repeating mistakes of the recovery from the Great Recession, writes former chairman of the Federal Reserve

Singapore economy enters recession, second-quarter GDP plunges record 41.2%

On a year-on year basis, gross domestic product (GDP) plummeted 12.6 per cent, preliminary data from the Ministry of Trade and Industry showed on Tuesday. Economists had forecast a 10.5% contraction

Way to go

It is important that banks and NBFCs work together in the co-lending domain to ensure economic revival

Covid hits Australia's golden economy, country faces rocky road to recovery

The unemployment rate for females looking for full-time work surged to 8.3% in May from 5.4% in February before coronavirus-driven shutdowns kicked in

Legacy of coronavirus will be weak global inflation, say economists

Beyond being a symptom of recession, weak price growth or outright deflation also creates more headaches for the world's biggest central banks

Covid-19 deepens Argentina's economic crisis; WB predicts 7.3% fall in GDP

The World Bank foresees a 7.3% contraction in Argentina's gross domestic product this year, one of the worst recessions in Latin America

UK economy shrinks by record 20.4%; BoE warns of worst recession in 300 yrs

In a slump that dwarfed previous downturns in Britain's recent history, the Office for National Statistics also said the economy shrank by 24.5% compared with April last year

ECB prepares more aid for euro zone economy to help Covid-induced recession

The ECB makes it clear it will do its part and the severity of the recession argues for earlier action

India IT spending to dip 8% in 2020 amid Covid-19 pandemic, says Gartner

Gartner expects spending on devices and data centre systems in India to see their steepest declines in 2020, at -15.1 per cent and -13.2 per cent, respectively.

This will be worst recession ever, farming may save the day: Devesh Kapur

The Director of Asia Programs at John Hopkins University sees Pharma as an area of strength too, and says India must aggressively develop APIs domestically, instead of sourcing from China

India can tide over worst recession, but govt must be careful: Experts

Montek Singh, D Subbarao were participating in a webinar hosted by Bhavan's SP Jain Institute of Management Research

Indian economy may expand by around 5% in FY22: Ex-RBI governor Subbarao

According to Subbarao, the country is going to face its worst recession in the current financial year

India may register recession in Q3 of this fiscal over Covid-19: Report

The country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package, it adds

The economic crisis and India's role in post-coronavirus multilateralism

The world gross domestic product is expected to contract by 3%, international trade may decline by up to 32%, and 49 million people could slip into extreme poverty

Covid-19 crisis: World Bank to rescue with $160-billion aid to 100 nations

'Covid, shutdown may push as many as 60 mn people into extreme poverty'