Page 22 - Recession

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

Markets rise on stimulus hopes; Sensex up 1,628 pts, Nifty ends above 8,700

To avert a global recession, most central banks have announced measures worth trillion of dollars.

Covid-19: US headed towards recession, but Silicon Valley still optimistic

A total of 218 people have died in the US due to the fast-spreading coronavirus pandemic

Coronavirus pandemic to leave behind a global recession: Anand Mahindra

The coronavirus pandemic will leave behind a global recession with small businesses, self-employed and daily wagers taking the worst hit, Mahindra Group Chairman Anand Mahindra said on Thursday. "The virus will eventually be conquered, but it will have left behind a global recession. The costs of that are incalculably high at this time. The most fearsome toll will be on small businesses, the self-employed & those whose lives depend on meagre daily wages," Mahindra said in a tweet. Apart from the toll on lives, the legacy of Covid-19 may well be deaths due to stress, loss of livelihoods, a rise in homelessness and in extreme situations, civil unrest, he added. "The only global experience that has lessons for us in the current situation is the last world war. In the aftermath of WW2, the US came up with the Marshall plan to revive Europe, effectively a giant fiscal pump-priming," Mahindra said. In the US, the government dramatically dismantled regulations and opened up the economy ..

Are we heading towards a global recession? Here's what top brokerages say

Analysts fear that the impact this time would be deeper than that of the 8-month long economic downturn in 2001 and the one in early 1990s

Coronavirus may spark global recession; worst since 2001: Morgan Stanley

A BofA Securities' Fund Manager Survey for March suggests investor sentiment has collapsed on the back of the coronavirus, oil shock, recession, and debt default risk.