Page 22 - Recession
Covid-19 economic fallout may push half billion people into poverty: Report
The devastating economic fallout of the pandemic is being felt across the globe," said Jose Maria Vera, Oxfam International Interim Executive Director
Coronavirus may cause Africa's first recession in 25 years: World Bank
We project that economic growth in Sub-Saharan Africa will decline from 2.4 per cent in 2019 to -2.1 to -5.1 per cent in 2020, said World Bank
Global trade likely to fall by 13-32% in 2020 amid Covid-19 outbreak: WTO
Drop in world commerce might be biggest since the Great Depression
Markets shed Covid-19 pessimism with biggest single-day gain since 2009
Sentiment improves as virus spread shows signs of slowing
Fitch slashes India growth forecast to 30-year low of 2% for FY21
On March 20, Fitch had projected India's GDP growth for 2020-21 at 5.1 per cent, lower than 5.6 per cent estimated in December 2019
Coronavirus outbreak, recession cloud credit quality outlook, says CRISIL
Moody's, too, revises outlook on Indian banks to negative
Currency conundrum
RBI has done well to contain excess volatility
Asia's factory activity in March contracts sharply on coronavirus fallout
Japan's factory activity contracted at the fastest pace in about a decade in March, adding to views that the world's third-largest economy is likely already in recession
Coronavirus impact: India and China may escape global recession, says UN
With two-thirds of the world's population living in developing countries facing unprecedented economic damage from the Covid-19 crisis, the UN is calling for a $2.5 trillion a rescue package
Covid-19: Recession for world economy; India, China likely exceptions: UN
The report did not give a detailed explanation as to why and how India and China will be the exceptions as the world faces a recession and loss in global income that will impact developing countries
JPMorgan says the market rout is probably past its worst now
Coronavirus infection rates remain a 'wild card' as they remain high even if they're 'slowing' in the US and Europe
Coronavirus impact: Recession in Germany unavoidable, say economic advisors
Germany will not ease measures to prevent the spread of coronavirus before at least April 20, Chancellor Angela Merkel's chief of staff said
The Morning After
Policy interventions will have to be intelligent: Striving to create deep, but temporary, safety nets during COVID-19 without generating imbalances and distortions thereafter
World coronavirus dispatch: US crosses 100,000 cases; jobs cuts fear global
Read in today's global Covid-19 digest: Horde among machine makers to produce ventilators; world's richest footballers in for a pay cut; Apple's dedicated Covid-19 screening app; and more
With 75% economy under lockdown, analysts see sharp fall in GDP
Even when the lockdown period ends, it will take time for the economy to be fully up and running. The public fear factor, analysts feel, will still result in below-normal activity for a few months
Exceptional crisis, exceptional responses
Exceptional circumstances are sometimes the catalyst for exceptional leaders to emerge; they can also be extremely harsh for those who fail the leadership test.
Covid-19 causing severe damage, this recession may be worse than 2009: IMF
As much of the world faces mass shutdowns, Georgieva warned the outlook for global growth in 2020 "is negative -- a recession at least as bad as during the global financial crisis or worse.
Stock market rout: Is now the time to bottom fish large-cap stocks?
Over half the CNX100 stocks still expensive; Nifty, too, in higher valuation zone compared to 2008-09
FPIs pull out over Rs 1 trn in March as coronavirus sparks recession fear
Experts believe foreign investors are withdrawing from riskier assets and are opting for safe heavens like dollar-denominated asset classes and gold
India Inc rules out cut in jobs and salaries amid coronavirus outbreak
The salary and job cuts are likely in the high-risk services sector, including airlines, hotels, malls, multiplexes, restaurants, and retailers
