Page 5 - Recession

Not afraid of recession, demand for automation will go up: Verint CEO

Dan Bodner, Verint founder and CEO said that India has been amongst the top two contributors to the Asia-Pacific revenue of the New York-based analytics company and will continue to expand

World economy is headed for recession in 2023 amid rate hikes: Research

That institution warned in October that more than a third of the world economy will contract and there is a 25% chance of global GDP growing by less than 2% in 2023

Global economic uncertainties may cast shadow on India's exports in 2023

India's exports may have touched an all-time high of USD 422 billion in 2021-22 but recession in key western markets and geo-political crisis due to the Russia-Ukraine war are expected to impact the growth of the country's outbound shipments in 2023. All the global trade promoting factors like political stability, movement of goods, adequate availability of containers and shipping lines, demand, stable currency and smooth banking systems are in disarray. Adding to the woes, COVID cases have again started rising in countries like China, Japan, South Korea and the US. Before the COVID-hit global economies could come out of the woods, the outbreak of the Russia-Ukraine war in February severely disrupted the supply chains worldwide and hardened the global commodities prices. The war has also impacted the movement of goods through the important black sea route. Taking note of worsening geopolitical situation, the World Trade Organization (WTO) has projected that the global trade would g

US equity futures falter, a rare December negative for S&P500

As bellwether stocks, Nike and Fedex promise healthy estimates; Micron dampens holiday spirit

FPIs pull out a record Rs 1.22 trn from Indian market so far this year

Turn net sellers after 3 years; rising rates, recession fears to blame; Sensex still up 4.8% YTD

India to face export shocks from global recession: BFSI economists' panel

While two of the eminent panelists - Ghosh and Nayar - said they expect a pause in the monetary cycle by the MPC, Chakraborty, Sagar, and Kapoor said the MPC could still hike by 25-50 basis points

India can't afford yet more disruptions to supply chains: Ficci President

'What is most unfortunate is that countries are looking to finance their transition to a green economy by taxing others'

Sustained recession in West, new Covid wave casts a shadow on Budget 2023

India a bright spot but strong headwinds may impact projections, officials say

BS BFSI Insight Summit 2022: Leading economists to discuss recession fears

From Aditi Nayar the Chief Economist at ICRA to Mridul Saggar, professor of practice, IIM Kozhikode; formerly MPC Member and RBI ED, here is the full list of economists on BFSI panel

Finnish economy to fall into mild recession in 2023, says central bank

A surge in the cost of living, and the energy crisis exacerbated by the conflict in Ukraine, have accelerated a looming recession, the bank said

Markets extend losses amid recession fears, indices dip second week on trot

Commentary by central banks on their resolve to tame inflation rattles investors, who were hoping that interest rates have peaked

G20 meet: Infra to sustainable finance, global headwinds take centre stage

The ministry and the Reserve Bank of India (RBI) are jointly co-hosting the FCBD meeting

UK's economy rebounds by 0.5% in Oct but recession fears still loom

The British economy is estimated to have grown by 0.5 per cent between September and October, statistics showed, but a lengthy recession is still expected in the UK

Signs of global slowdown: Export credit demand shrinks 25% YoY in October

The data released by the Reserve Bank of India (RBI) showed a fall in export credit even though the bank credit saw a robust growth of 18 per cent

World debt-GDP ratio plummets, but over pre-Covid level, says IMF

Total debt fell to 247 per cent of global gross domestic product last year, IMF data showed. That's 10 percentage points less than in 2020, but is still the second-highest reading in history

UK braces for 2 yrs of recession as manufacturing sector shrinks by over 4%

The UK's manufacturing sector shrank by more than 4% this year, a survey found, with predictions of another sharp decline in 2023

Next US Federal Reserve rate hike will amplify recession: Elon Musk

"If the Fed raises rates again next week, the recession will be greatly amplified," he said in a tweet

HCL Tech management cautious on revenue growth in FY23; stock plunges 6%

At its investor meeting held in New York on December 8, the management said the revenue growth guidance for FY23 is likely to come in at the lower end of its 13.5-14.5 per cent

US dollar struggles as recession worries simmer, bets on slower rate hike

The yuan hovered near an almost three-month high after China revealed a loosening of stifling COVID restrictions

Are the markets fully pricing in recession fears?

Business Standard's Puneet Wadhwa spoke to Jitendra Gohil, Director, Global Investment Management, Wealth Management, India at Credit Suisse on how the markets may play out over the next few months