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  1. You Are At:
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  4. Recession

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  • world bank, recession, global recession, global economy,

    Recession a looming threat for global economy, warns World Bank

    Business | January 11, 2023 10:27 IST

    The World Bank report also noted that rising interest rates in developed economies like the United States and Europe will attract investment capital from poorer countries, thereby depriving them of crucial domestic investment.

  • Representational image

    2023 will be 'tougher' than last year as world economy to slow down, warns IMF chief

    Business | January 02, 2023 17:45 IST

    Kristalina Georgieva, the chief of the International Monetary Fund (IMF) made these grim assertions on Sunday during a CBS news programme "Face the Nation."

  • IMF managing director Kristalina Georgieva during a press

    Recession alert! IMF chief warns third of global economy likely to plunge into recession this year

    World | January 02, 2023 15:04 IST

    IMF Chief underscored that the relentless war and the emergence of the new COVID wave in China are affecting the economy.

  • 'Scariest economics paper of 2022' forecasts huge layoffs over next 2 yrs

    Business | September 10, 2022 21:58 IST

    The paper from the Brookings Institution by Johns Hopkins macroeconomist Larry Ball with co-authors Daniel Leigh and Prachi Mishra of the International Monetary Fund (IMF) found that "this unemployment path returns inflation to near the Fed's target only under optimistic assumptions".

  • Euro, Dollar, European economy, U.S. dollar, Eurozone, Energy, Euro, Ukraine war, Euro dollar equal

    1 Euro equals to 1 US dollar for the first time in 20 years

    Business | July 12, 2022 23:19 IST

    The European Central Bank has already hiked the interest rates in a bid to tame inflation and plans to continue doing so as the situation further deteriorates.

  • Recession is not inevitable Joe Biden, Joe Biden, us president joe biden on recession, Recession new

    Recession is ‘not inevitable’: Joe Biden

    World | June 17, 2022 10:47 IST

    The president’s statement appeared to be about inflation rising worldwide, not necessarily whether countries had higher rates than the U.S. Annual inflation in Japan, for example, has risen in recent months though it’s still at a yearly rate of 2.4%, according to the Organization for Economic Co-operation and Development.

  • Traders work on the floor at the New York Stock Exchange in

    How high is the risk of another recession? EXPLAINED

    Business | June 16, 2022 17:55 IST

    For now, most economists don't foresee a downturn in the near future. Despite the inflation squeeze, consumers — the primary driver of the economy — are still spending at a healthy pace. Businesses are investing in equipment and software, reflecting a positive outlook. And the job market is still booming, with hiring strong, layoffs low and many employers eager for more workers.  

  •  International Monetary Fund (IMF) Managing Director

    Global recession not expected: IMF chief

    Business | May 24, 2022 10:23 IST

    Kristalina Georgieva reminded that the International Monetary Fund is forecasting 3.6% growth for 2022, which is “a long way to global recession.”

  • US inflation, recession, high prices

    EXPLAINER: Why US inflation is so high, and when it may ease

    World | February 11, 2022 15:45 IST

    For the 12 months ending in January, inflation amounted to 7.5% — the fastest year-over-year pace since 1982 — the Labor Department said Thursday. Even if you toss out volatile food and energy prices, so-called core inflation jumped 6% over the past year. That was also the sharpest such jump in four decades.

  • Treasury Secretary Janet Yellen, left, and Federal Reserve

    US debt default could trigger another recession: Reports

    World | October 05, 2021 18:15 IST

    As per reports, Treasury Secretary Janet Yellen believes the economy may fall into a recession if Congress fails to address the borrowing limit before an unprecedented default on the U.S. debt.

  • Christine Georgieva, Recovery, worst global recession, World War II, IMF MD Christine Georgieva, bus

    Recovery is underway after worst global recession since World War II: IMF MD Georgieva

    World | April 08, 2021 10:49 IST

    IMF MD Georgieva said this is adding to exceptional and coordinated actions taken over the past year.

  • india gdp, india q3 gdp, india recession, indian economy recession news, india q3 fy21 gdp

    Good News! India exits recession with 0.4% GDP growth in FY21 Q3

    Business | February 27, 2021 0:14 IST

    The National Statistical Office (NSO) data on Friday showed that the Q2FY21 GDP on a year-on-year basis contracted by 7.3 per cent from (-)24.4 per cent in the preceding quarter.

  • The GDP at constant (2011-12) prices in Q2 of 2020-21 is

    India's July-Sept GDP contracts 7.5%, 'technical recession' confirmed

    Business | November 27, 2020 18:35 IST

    The GDP at constant (2011-12) prices in Q2 of 2020-21 is estimated at Rs 33.14 lakh crore.

  • India enters into technical recession for first time in history: RBI report

    India enters into technical recession for first time in history: RBI report

    Business | November 12, 2020 18:45 IST

    India has technically entered into a recession with a likely contraction in its GDP during the July-September period, according to a report by the Reserve Bank of India (RBI).

  • world bank

    World experiencing one of the deepest recessions due to COVID-19: World Bank

    World | October 15, 2020 8:26 IST

    The world is experiencing one of the deepest recessions since the Great Depression in the 1930s owing to the novel coronavirus, World Bank President David Malpass has said, terming the COVID-19 pandemic a "catastrophic event" for many developing and the poorest countries.

  • UK economy officially in recession after 20.4% Q2 slump

    UK economy officially in recession after 20.4% Q2 slump

    Business | August 12, 2020 12:48 IST

    The U.K. economy has officially fallen into a recession after official figures showed it contracting by a record 20.4% in the second quarter as a result of lockdown measures put in place to counter the coronavirus pandemic.  

  • Global economy to plunge into worst recession since WW-II:

    Global economy to plunge into worst recession since WW-II: World Bank

    Business | June 08, 2020 20:50 IST

    ​The global economy, which has plunged into a severe contraction, will shrink by 5.2 per cent this year due to the massive shock of the coronavirus pandemic and the shutdown measures to contain it, the World Bank said on Monday. 

  • Indian economy, recession, coronavirus, lockdown

    India likely to slip into recession in third quarter this fiscal

    Business | May 24, 2020 12:50 IST

    The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report. According to Dun & Bradstreet's latest Economic Observer, the country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package.

  • Traffic passes along the M25 London orbital motorway at just before 09:15am local time, near the tow

    UK facing significant recession due to coronavirus pandemic, says Rishi Sunak

    Business | May 14, 2020 13:27 IST

    The UK faces a "significant recession", Chancellor of the Exchequer Rishi Sunak has warned after figures showed the country's economy shrank by 2 per cent in the first three months of the year due to the impact of the coronavirus-induced economic lockdown.

  • US unemployment spikes to a Depression-era level of 14.7%

    US unemployment spikes to a Depression-era level of 14.7%

    World | May 08, 2020 20:57 IST

    The U.S. unemployment rate hit 14.7% in April, a level last seen during the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record — stark evidence of how the coronavirus has brought the economy to its knees.

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